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Economy

The ag irrigation industry is experiencing a disrupted supply chain, item shortages, increased costs and global logistics difficulties.
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The ag irrigation industry is experiencing a disrupted supply chain, item shortages, increased costs and global logistics difficulties.
Unprecedented high commodity demand causing commodity price spikes is more good news for the irrigation equipment industry.
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Unprecedented commodity price spikes are more good news for the irrigation equipment industry.
The Ag Economy Barometer, run by Purdue University and CME Group, dropped to its lowest level since April 2020, down 22 points in May.
The Ag Economy Barometer, run by Purdue University and CME Group, dropped to its lowest level since April 2020, down 22 points in May.
Economics-turf-replacement-programs
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The irrigation industry has nothing to fear from turf replacement initiatives and may see net benefits due to demand for precision irrigation.
Farmland values increased by more than 20% in the central Plains during 2021
A jump of more than 20% was driven by strong farm income and low interest rates.
American exports for 2021 broke records
The American agricultural industry posted its highest annual export levels ever recorded in 2021, according to the USDA.
IA/IIC Economic Impact Study
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Numbers-wise, annual sales of irrigation equipment and services are estimated to be about $8.9 billion, up from an estimated $7.1 billion in 2010.
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The data was released in its November Crop Production and World Ag Supply and Demand Estimates.
It’s no revelation that irrigation is a big business, encompassing the manufacture of irrigation systems, their installation, maintenance, services and, ultimately, the additional economic value the industry provides in crops, higher property value and aesthetics.
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The IA, with the Irrigation Innovation Consortium, commissioned an update to the economic impact study that is currently being completed.
USDA ERS projects all-time high for U.S. ag exports in FY 2022
Higher shipments of major categories of commodities including grains, feeds and oilseeds are driving the increase in value.