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Date: 2026-03-03 Page is: DBtxt003.php txt00029425

US AGRICULTURE IMPACTS OF TRUMP ECONOMIC POLICY ... The Og Farm Governor Of Arkansas LOSES It After Farmers Can't Afford New Holland Equipments Due To John Deere!!? PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=alx71X2s_gY
Governor Of Arkansas LOSES It After Farmers Can't Afford New Holland Equipments Due To John Deere!!? The Og Farm 1.54K subscribers Jan 2, 2026 #usa #arkansas #agriculture Governor Of Arkansas LOSES It After Farmers Can't Afford New Holland Equipments Due To Heavy Loss!!? December 2025. Walk into any Arkansas farming community and you'll see something devastating. New Holland tractors sitting abandoned in fields. Case IH combines rusting under foreclosure signs. Properties that have been family-owned for generations now repossessed by banks. For More - collabblueguy@gmail.com To Verify Facts - Sales Report -https://www.tractorjunction.com/tract... https://investors.cnh.com/news/news-d... https://markets.financialcontent.com/... 'Arkansas' agricultural leaders warn of economic disaster for farmers' - Talk Business & Politics https://talkbusiness.net/2025/09/arka... 'Q1 2025 U.S. farm bankruptcies exceed 2024' - University of Arkansas https://www.uaex.uada.edu/media-resou... 'Sharp drop in tractor and combine sales continues into 2025' - AGDAILY https://www.agdaily.com/crops/sharp-d... 'US Sales of Ag Tractors & Combines Decline in February 2025' - Association of Equipment Manufacturers https://newsroom.aem.org/us-sales-of-... 'FTC, States Sue Deere & Company to Protect Farmers' - Federal Trade Commission https://www.ftc.gov/news-events/news/... #usa #arkansas #agriculture Peter Burgess COMMENTARY Peter Burgess Transcript 0:00 New this morning, Arkansas farmers this year are facing the worst agriculture economy the country has seen in decades. It's so bad that experts say that as many as onethird of the state's farms could file for bankruptcy or close altogether if conditions don't improve. 88 farm bankruptcies. That's how many Chapter 12 filings hit Arkansas in just the first quarter of 2025. Nearly double the 45 filings from the same period in 2024. Arkansas now accounts for 30% of all bankruptcy filings in the entire 8th US District Court. 30% a staggering concentration of agricultural failure in one state. More than 60 farm auctions have occurred across Arkansas since December started. Some counties are seeing multiple farm sales every week. December 2025. Walk into any Arkansas farming community and you'll see something devastating. New Holland tractors sitting abandoned in fields. KIH combines rusting under foreclosure signs. Properties that have been family-owned for generations now 1:01 repossessed by banks. This is why progressive tractor and implement locations in Carlilele Stoodgard and Texarana sit with millions in unsold New Holland inventory. This is why Alma Tractor and Equipment in Fort Smith can't move tractors off their lots. Not because farmers don't need equipment, but because they literally cannot afford it, cannot get financing, cannot justify the purchase when they're losing money on every single acre they plant. Arkansas farmers have stopped buying New Holland equipment entirely. And when you see the numbers, you'll understand why. The scale of farm failures in Arkansas is unprecedented outside of the 1980s farm crisis. 88 Chapter 12 farm bankruptcies in Q1 2025 alone. Well, Senator Boseman says he hears Arkansas farmers like the hundreds who packed into a northeast Arkansas church to share their struggles earlier this month. Farmers here in central Arkansas say Congress better do something quick or else more and more farms will have to totally shut down. That's farmers who 2:01 desperately tried to restructure debt, tried to find a way to keep farming, and finally had no choice but to file. These aren't small hobby farms. These are commercial operations. Multi-generational family farms that survived the Great Depression, weathered decades of commodity price swings, made it through droughts and floods, and they're going under at a rate we haven't seen in 40 years. But it's not just Arkansas farmers suffering. CNH Industrial, the parent company that manufactures New Holland, KIH, and Styer Equipment, is collapsing right alongside them. CH is projecting agricultural equipment sales will be down between 13 and 18% this year compared to 2024 and that follows sharp sales declines in 2024, two consecutive years of catastrophic drops. CNH Industrial laid off 373 workers from two manufacturing plants as sales continue to decline. In November 2024, CNH announced plans to close its Burlington, Iowa tractor plant by mid 2026. We have to have ad hoc 3:01 payments right now to make it through this year. If there's no emergency funding this year, there will be one out of three farmers will file bankruptcy. Permanent closure. Hundreds more jobs gone. CEO Jared Marks said it plainly, 'Market fundamentals remain uncertain and challenging for our farmers, and it is difficult to say if we will enter 2026 with more visibility or even more momentum.' Translation: Nobody knows when this ends or if it ends. More than 60 farm auctions since December started. Every week, another auction notice. Another family watching their New Holland tractors. Their KIH equipment. Their entire operation sold off piece by piece. These auctions flood the used equipment market with repossessed New Holland and KIH machinery. But here's the problem. Dealers cannot sell them at any price because the farmers who might buy them don't have money either. Input prices are going up steadily. uh commodity prices just haven't been able to keep pace with those. 4:00 That means it costs more for farmers to produce their crops, but the money they get in return just isn't as much. A 2020 combine that sold for $500,000 just 18 months ago now brings $200,000 at auction if any buyer exists. New Holland tractors worth $300,000 in early 2024 sell for $120,000 or sit unsold through multiple auctions. Think about what this means for dealers like Progressive Tractor and Implement or Alma Tractor and Equipment. They accepted trade-ins based on blue book values from early 2024. Now they're holding inventory worth half their outstanding floor plan obligations. Banks demanding payment, no buyers in sight. Joel Hargus from Cattle Reynolds Law Firm in Jonesboro handles bankruptcy cases for Arkansas farmers. He says these are people who desperately want to continue their family traditions but see no mathematical path to profitability. So even if we cut the best crop, it doesn't stop the price dropping tomorrow. 5:00 Sixth generation farmers are selling land held since the 1800s, destroying family legacies that survived every crisis in American history, but they cannot survive 2025. Downstream effects destroy every business connected to agriculture. dealerships lose their primary revenue stream when farmers stop buying New Holland tractors in case I combines worth hundreds of thousands of dollars. Service departments sit empty because farmers cannot afford repairs. Parts inventory worth millions gathers dust while dealers struggle to pay floor plan financing. Salespeople who once earned six figures selling equipment now compete to move 20-year-old used New Holland tractors at a loss. Progressive Tractor and Implement operates multiple locations across Arkansas. Carile, Stoutgart, Tex Arcana. Each location employing mechanics, parts specialists, salespeople, all watching their livelihoods disappear. Alma Tractor and Equipment in Fort Smith, Robert's Tractor in Mountain View, Williams Tractor in Rogers, WT Equipment serving Northwest Arkansas, all struggling with 6:01 the same crisis. When farmers can't buy because they're losing $447 per acre on rice or $489 per acre on cotton, dealership size doesn't matter. The mathematics don't work for anyone. A New Holland dealership employing 50 people in a town of 5,000 represents critical economic infrastructure. Mechanics earning $70,000 annually. Parts specialists making $50,000. Salespeople who once earned six figures. They all spend their incomes locally supporting grocery stores, restaurants, schools, every other business in rural communities. When dealerships reduce staff by half or close entirely, towns lose the economic foundation that made rural life sustainable. The multiplier effect means every dealership job lost eliminates three additional jobs in surrounding businesses. CNH Industrial is contracting across the board in response to farmers not buying. The Burlington, Iowa tractor plant closing permanently by mid 2026. Production scaled back at facilities across the 7:00 Midwest. Agricultural equipment sales projected down 13 to 18% in 2025 following massive declines in 2024. Two consecutive years of catastrophic drops. CEO Jared Marx admits market fundamentals remain uncertain and challenging. Nobody knows when or if recovery begins. Manufacturing slowdowns mean dealer inventory disappears, but farmers aren't buying anyway, creating a death spiral where dealerships like Progressive Tractor have neither sales nor products to sell. CNH Industrial Capital reporting 27.7 million in write-offs. Farmers defaulting on equipment loans, unable to make payments on New Holland tractors and KIH combines they financed. The company is being crushed from both sides. Can't sell new equipment. can't collect on equipment already sold. And those are corporate numbers smoothed averaged globally. What's happening at Arkansas dealer lots is far worse. When farmers are losing hundreds of dollars per acre, when six generation farms are filing bankruptcy. 8:01 When 60 plus auctions flood markets with repossessed equipment, no manufacturer survives unscathed. December 2025. Arkansas farmers have stopped buying New Holland equipment entirely. Not because they don't need it, not because Progressive Tractor doesn't have inventory, but because the fundamental economics of farming no longer work. 88 farm bankruptcies in Q1 2025. 60 plus farm auctions since December started. Farmers losing $447 per acre on rice, $489 per acre on cotton, record yields, and farmers still losing money. CNH Industrial projecting equipment sales down 13 to 18% following massive 2024 declines. Two straight years of collapse. 373 manufacturing workers laid off. Burlington, Iowa plant closing permanently. 27 ballers $7 million in customer loan defaults. The death spiral accelerates. Dealers can't sell. Farmers can't buy. Manufacturers can't produce 9:01 profitably. Somewhere tonight, a farmer in Arkansas is looking at bankruptcy paperwork for a farm his family has owned for six generations, doing math that doesn't work, knowing there's no way forward. Somewhere tonight, a mechanic at Progressive Tractor is cleaning out their toolbox. Their position eliminated. Their career in rural communities over because farmers can't afford to fix equipment, much less buy new. Somewhere Tonight, a young person who grew up on an Arkansas farm is packing for a city job, watching their parents lose everything, choosing any career except agriculture. This is why farmers can't afford New Holland equipment anymore. This is why CNH Industrial is laying off hundreds of workers and closing factories. This is why Arkansas agriculture is collapsing. That's the reality of December 2025.

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