FARM BUSINESS NEWS
DTN Ag Business Benchmark
Marcia Zarley Taylor DTN Executive Editor
Wed Nov 28, 2012 04:30 PM CST

HADDONFIELD, N.J. (DTN) -- America's prosperous corn and soybean farmers are doing their bit to jump-start manufacturing. They are recycling the best crop farm incomes in 40 years by spending record amounts on farm equipment, a sample of operations from the AgriSolutions AgIQ database shows.

Records for 2012 aren't yet complete, but during the first nine months of the year, corn and soybean operators with equipment purchases spent an average of $263,000 apiece on planters, tractors and combines, AgriSolutions financial analyst Sam Bachman found. That's up from an average of about $159,000 for all of 2011 and $186,000 in 2010 ...

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