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Listen to the replay of this special TopSoil Webinar featuring Russ Green — a seasoned leader with over 45 years of experience in the agri-food value chain. Recognized as one of Farm Industry News' “10 Fascinating People in Agriculture,” Russ has held leadership roles at global companies like AGCO, Claas of America, and Case New Holland.In this insightful conversation hosted by Continuum Ag CEO Mitchell Hora, Russ reflects on his journey from Midwest roots to corporate leadership and now mentoring and consulting through his firm, MACKAYBEN.
Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 China Assessing Talks2:30 Hassett Comments3:00 Soybean Stuff4:59 Farm Machinery Slump7:52 Drought Monitor10:58 Export Sales13:01 California Gas Ban?
In this episode of On the Record, brought to you by Associated Equipment Distributors, Jason Webster, commercial agronomist with PTI Farm, breaks the results of PTI Farm's 2024 High Speed Planting Corn Study. In the Technology Corner, Colin Hurd, CEO of Mach, shares his technology goals for equipment manufacturers. Also in this episode: an update on the latest used combine inventory and pricing data and a look at AGCO's worldwide dealer network.
It has been a fortnight and more since Paul Burns has been our guest on the Gaming News Canada Show. So given the various happenings around the Canadian gambling industry since his last appearance at the beginning of 2025, we asked Paul Burns to join us once again. With apologies to the late James Stewart and Frank Capra, Mr. Burns went to Ottawa earlier this month for the Council of Europe Workshop on the Macolin Convention gathering, which included panel conversations featuring the CGA head honcho, Dave Phillips and Doug Hood from the Alcohol and Gaming Commission of Ontario, and Sportradar's integrity services lead Jim Brown weighing in on the province's regulated sports betting industry's work to combat match fixing. During our conversation, Burns told us that the collaboration between the AGCO, licensed sportsbooks, law enforcement agencies and other stakeholders means “the regime is working”. We also asked Burns for some thoughts and layers on three years of open, regulated sports wagering and igaming in Ontario and what's to come in Year 4, and the introduction of the iGaming Alberta Act by the ruling UCP party into the provincial legislature in the land of oil, gas and Connor McDavid. He also delivered an early look at what will take place during the June 17-19 Canadian Gaming Summit in the city below Caledon. Hosted on Acast. See acast.com/privacy for more information.
The latest episode of the Gaming News Canada is a gathering of members of the fourth estate to discuss and debate the latest storylines in the business of sports wagering and gaming. Dave Briggs, who mans the keyboard these days on the GNC newsletter. Robyn McNeil of Catena Media's Bonus outlet and Covers senior news analyst Geoff Zochodne join the media roundtable. The three-year anniversary of Ontario's open market sparked a good/bad/somewhat ugly-type of conversation, including the continued presence of 49 operators (and OLG), the (still) waiting for a centralized self-exclusion program to be delivered by iGaming Ontario through its partnership with IC360 and IXUp, the (still) waiting for Martha Otton's replacement to lead iGO, and the ongoing cone of silence - most notably by the provincial government and the AGCO - around legal gambling in the province (McAllister also brought up the curious decision by the American Gaming Association to turn down an interview request for a CBS Sunday Morning feature into the explosion of online sports wagering in the U.S. of A. and gambling addiction). The panel also weighed in on the horse racing industry's attempts to expand wagering through the Ontario open market, whither consolidation and the financial results delivered by the legal industry. McNeil, Zochodne and Briggs also got into the efforts by the Danielle Smith government in Alberta to get approval on Bill 48 to establish its own open sports betting and igaming marketplace. And the all-journo podcast included a segment on the stories du jour, including the Massachusetts Gaming Commission's look into limiting, and the ongoing legal wrangling involving Kalshi, Robinhood and Crypto.com around “sports event trading”. Hosted on Acast. See acast.com/privacy for more information.
Show Highlights: How Parallel Ag benefits from geographic and dealership diversification. [02:33] Explore operational complexities introduced by broad distribution. [06:37] Discover the origin and growth strategy of Parallel Ag. [09:30] What capital and PE partners want from a potential investment in your agribusiness. [16:16] Challenges of greenfield expansion vs. acquisition. [22:25] The importance of cultural fit for successful M&As beyond financial strategy. [28:11] How John Deere and AGCO differ in dealer consolidation. [31:43] Mistakes to avoid with expectations and bottlenecks in M&A. [40:29] What's the worst way to ruin a business after buying it? [44:50] To connect with Shawn Skaggs or to learn more about Parallel Ag, please visit https://parallelag.com/. If you are interested in connecting with Joe, go to LinkedIn: https://www.linkedin.com/in/joemosher/, or schedule a call at www.moshercg.com.
No episódio desta semana do Rural Talks, tivemos o prazer de conversar com Francisco Jardim, Fundador da SP Ventures, uma das principais gestoras de venture capital focadas em agtech e foodtech na América Latina. Durante a entrevista, Francisco compartilhou detalhes sobre as recentes conquistas financeiras da empresa, incluindo a captação de um novo fundo e o lançamento da Avra, além de discutir as estratégias de saída para as empresas investidas.Recentemente, a SP Ventures concluiu a primeira rodada de captação do seu terceiro fundo, o AgVentures III, arrecadando US$ 22 milhões. Este montante inicial superou as expectativas da gestora, que planejava captar US$ 20 milhões na primeira fase. Entre os investidores-âncora estão gigantes do setor agro, como AGCO, FMC, Basf Venture Capital, OCP e Minerva Foods. A meta é alcançar US$ 80 milhões em captações até o final de 2025, com foco em investimentos em startups que promovam sustentabilidade e inovação na cadeia agroalimentar.Além da captação do novo fundo, Francisco destacou o lançamento da Avra, uma empresa criada em parceria com Octaciano Neto e Amanda Coura, ambos com vasta experiência no mercado financeiro e no agronegócio.Francisco também abordou as estratégias de saída para as empresas investidas pela SP Ventures. Ele enfatizou a importância de identificar o momento certo para desinvestir, garantindo retornos satisfatórios para os investidores e sustentabilidade para as startups.Para aqueles interessados em entender as dinâmicas financeiras que estão moldando o futuro do agronegócio, este episódio do Rural Talks com Francisco Jardim é imperdível. A conversa oferece uma visão aprofundada sobre captação de recursos, inovação em crédito agro e estratégias de investimento no setor.See omnystudio.com/listener for privacy information.
See omnystudio.com/listener for privacy information.
The National Farm Machinery Show attracts more than half a million farmers, ranchers, and ag industry professionals every year to a massive event in Louisville where everything from tractors to precision equipment to drills are on display. But after several years of excitement in the machinery market, high interest rates, low commodity prices, and an atmosphere of uncertainty means this year's show had a different tenor than years past. DTN Progressive Farmer's Senior Editor Dan Miller is just back from his multi-day visit to Kentucky, and brings us the latest news from the tradeshow floor. He'll bring us the equipment highlights from John Deere, Massey, AGCO and more, as well as the scuttlebutt from around the event on what might be ahead in the tech and equipment space. We'll hear about new autonomy tools that will be in the field this season, the latest on cutting-edge drones, and talk through the turn towards smaller equipment by exhibitors hoping to appeal to growers on tighter budgets. Then we'll dig into the wildest and unexpected sights at the show, including a very fun 3D farm shop designer.
Oral Arguments for the Court of Appeals for the Federal Circuit
Deere & Company v. AGCO Corp.
Ben chats with Alex and Emily of Lovebird Brewing about their transition from contract brewing for their eponymous snack club to building a bricks and mortar spot in Meaford, plus putting the GGBA on the map, east coast-style barbecue, reluctant AGCO compliance, and converting the après ski crowd to saisons.
It's the end of 2024 and it was a giant year across food, animal health, plant science, agtech and agriculture. This week, we recap big stories of the year based on Accelerate 2050 – AgriNovus' study that showed that Indiana's agbioscience economy grew by $6 billion in 36 months. The study also launched three forces of change and opportunities for industry growth. We are laying out the top stories of 2024 based on these forces of change starting with: Farmer Focused Innovation AGCO and Trimble come together via a joint venture acquisition – listen to Andrew Sunderman from AGCO here; Corteva Catalyst launches as a new investment and partnership platform designed to accelerate the development of early-stage, disruptive technologies for farmers – listen to Corteva's Tom Green here; Gripp wins the Producer-Led Innovation Challenge to reduce administrative burden faced by farmers – listen to Tracey Wiedmeyer from Gripp here. BioInnovation Primient and Sustainea announce $125 million investment to establish Lafayette, Indiana as the world's largest Bio-MEG facility for bio-based plastics; AgroRenew breaks ground on an $83 million Indiana-based production facility to leverage the power of the region's melon crop to produce bio-based plastics – listen to Brian and Katie Southern from AgroRenew here; BioMADE announces Indiana as one of six finalists to compete for the next chapter of bioinnovation infrastructure – listen to BioMADE's Melanie Tomczak here. Food is Health Anu wins the HungerTech Innovation to better connect food supply with food demand using technology – listen to Anu's Scott Massey here; Purdue and Elanco announce the OneHealth Innovation District to establish a globally recognized research innovation district dedicated to optimizing the health of people, animals, plants and the planet – listen to Jeff Simmons from Elanco here; Corteva's $25 million equity stake in Pairwise to accelerate gene editing solutions, providing growers with another critical tool to keep pace with challenges facing food production.
It's the end of 2024 and it was a giant year across food, animal health, plant science, agtech and agriculture. This week, we recap big stories of the year based on Accelerate 2050 – AgriNovus' study that showed that Indiana's agbioscience economy grew by $6 billion in 36 months. The study also launched three forces of change and opportunities for industry growth. We are laying out the top stories of 2024 based on these forces of change starting with: Farmer Focused Innovation AGCO and Trimble come together via a joint venture acquisition – listen to Andrew Sunderman from AGCO here; Corteva Catalyst launches as a new investment and partnership platform designed to accelerate the development of early-stage, disruptive technologies for farmers – listen to Corteva's Tom Green here; Gripp wins the Producer-Led Innovation Challenge to reduce administrative burden faced by farmers – listen to Tracey Wiedmeyer from Gripp here. BioInnovation Primient and Sustainea announce $125 million investment to establish Lafayette, Indiana as the world's largest Bio-MEG facility for bio-based plastics; AgroRenew breaks ground on an $83 million Indiana-based production facility to leverage the power of the region's melon crop to produce bio-based plastics – listen to Brian and Katie Southern from AgroRenew here; BioMADE announces Indiana as one of six finalists to compete for the next chapter of bioinnovation infrastructure – listen to BioMADE's Melanie Tomczak here. Food is Health Anu wins the HungerTech Innovation to better connect food supply with food demand using technology – listen to Anu's Scott Massey here; Purdue and Elanco announce the OneHealth Innovation District to establish a globally recognized research innovation district dedicated to optimizing the health of people, animals, plants and the planet – listen to Jeff Simmons from Elanco here; Corteva's $25 million equity stake in Pairwise to accelerate gene editing solutions, providing growers with another critical tool to keep pace with challenges facing food production.
It's been a tough couple of years in agriculture. Net cash farm income is expected to decrease nearly $6 billion in 2024; that follows a decrease in 2023 of nearly $58 billion. It's a tough sled for many farmers and there's companies who are working to bring innovation to farmers to overcome the headwinds that exist. Alex Russomagno, Senior Manager of Strategic Engagement for AGCO Ventures, joins this week to talk: Where things stand for the agtech and ag equipment industry right now. How the acquisition of PTx Trimble and the launch of AGCO Ventures has launched a new wave of startup activity in agbioscience. Matching supply and demand of innovation in the industry; Alex also talks initial investments from AGCO Ventures. The AGCO Ventures Thesis and how agriculture's downcycle impacts their strategy. What challenges are emerging that will require innovation for the farmer, quickly. Her experience with the power of partnership and investment between big companies and startups. The seismic shifts that will drive the next wave of innovation in agbioscience.
It's been a tough couple of years in agriculture. Net cash farm income is expected to decrease nearly $6 billion in 2024; that follows a decrease in 2023 of nearly $58 billion. It's a tough sled for many farmers and there's companies who are working to bring innovation to farmers to overcome the headwinds that exist. Alex Russomagno, Senior Manager of Strategic Engagement for AGCO Ventures, joins this week to talk: Where things stand for the agtech and ag equipment industry right now. How the acquisition of PTx Trimble and the launch of AGCO Ventures has launched a new wave of startup activity in agbioscience. Matching supply and demand of innovation in the industry; Alex also talks initial investments from AGCO Ventures. The AGCO Ventures Thesis and how agriculture's downcycle impacts their strategy. What challenges are emerging that will require innovation for the farmer, quickly. Her experience with the power of partnership and investment between big companies and startups. The seismic shifts that will drive the next wave of innovation in agbioscience.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO's plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement's precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
"I don't want to upset farmers who buy my tractors - or butchers who buy my beef cattle"A view from both sides of fence on the current farmers stand-off with the Government over inheritance tax from Martin Hamer, National Sales Manager for AGCO's Fendt tractor brand - and a farmer himself and active member of the National Farmers Union.Martin shares his concerns about keeping the public onside during any demonstrations or disruptive actions. He discusses the possible involvement of Jeremy Clarkson - and how the breaking up family farms would be harmful to the variety of agriculture in this country and the value of a well-tended countryside.LINKS. Fendt tractorsNational Farmers UnionAgricultural Engineers AssociationInside Agri-Turf is devised, produced , edited and published by Chris Biddle
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at how the latest round of interest rate cuts will impact dealers' flooplan payments. In the Technology Corner, Noah Newman talks autonomy with Monarch Tractor. Also in this episode, some additional insights on when we might see full autonomous adoption and AGCO reports a drop in 3Q revenue and a big cut to production plans.
In this episode, Andy Campbell and John Hoffmann – used equipment manager at Atlantic & Southern Equipment – discuss the current state of the used equipment market, highlighting the challenges faced by dealerships, particularly in 2024. Hoffmann provides insights into his dealership's history and market focus, emphasizing their expertise in higher-horsepower equipment, including Fendt tractors, application machines, and specialized sprayers.
Brownfield's Brent Barnett visited with Eric Hansotia, Chairman, President and Chief Exectuive Officer of AGCO, at the 2024 Farm Progress Show.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Get the latest news of agriculture with American Ag Today! On today's show, we talk about on-farm service with Stefan Caspari from AGCO.
AGCO is looking to strike a balance between power and versatility as it brings its Fendt 600 Vario tractors to North America. Farmers on this continent got their first glance at the new tractor last week at the Farm Progress Show in Boone, Iowa. Four models are available — the 614, 616, 618 and 620... Read More
AGCO has officially launched its latest Gleaner combine line with the Gleaner T Series. Our own Bern Tobin is down at Farm Progress Show at Boone, Iowa, this week to take in the show, and got a first look at the new combine. “This series delivers lightweight performance, superior control and premium grain quality for... Read More
It was another tough day in live and feeder cattle futures on Tuesday as we set some new contract lows. Is there more downside risk? Is this the end of the bull run in cattle futures? We discuss that and a quiet day in the grain markets/supply and demand fundamentals with Jim McCormick from AgMarket.net on today's show. More at https://www.agmarket.net. And as labor shortages, inflation and extreme weather continue impacting farmers' profitability, many are seeking ways to reduce downtime as much as possible – specifically, by doing more business on their own farms. Stefan Caspari, senior vice president of customer success and business effectiveness for AGCO, joins us to discuss how providing on-farm service benefits farmers' productivity, savings and more.
Rich is the Agronomy Manager for the Eastern US. He has almost two decades in the agricultural industry - focused primarily on precision agriculture, 4R and sustainability. Before joining Sound Agriculture, Rich majored in climatology, hydrology & GIS and has worked on farms and in the ag industry his whole career. This has included AGCO, Topcon and Taranis giving him a wealth of experience in machine control, data management, imagery/analytics and on-farm implementation. With a passion for data, sustainability, and soil health, Rich is well versed in the many ways to complement natural systems with modern technology to deliver ROI to the farmgate.In this engaging episode of the Intentional Agribusiness Leader Podcast, host Mark welcomes Rich Haynes from Sound Ag to discuss the principles of intentional leadership within the agribusiness sector. As Haynes delves into the importance of setting a vision and making deliberate choices, listeners gain insights into how he practices intentionality both personally and professionally. The conversation underscores the relevance of being goal-oriented and the significant impact of acknowledging and managing time efficiently.Throughout the episode, rich discussions occur about the evolving nature of agriculture, particularly with regards to technological advancements and soil health. Haynes shares how Sound Ag is at the forefront of nutrient management solutions. This dynamic conversation touches on crucial aspects such as talent retention, maintaining a positive work culture, and the transformational power of vulnerability as a leader. Key Takeaways:Intentional Leadership: Setting a vision, making deliberate choices, and executing actions to ensure success are fundamental to being intentional.Time Management: Balancing forward planning with flexibility is vital to maintaining productivity and personal well-being.Recognition and Autonomy: A culture of recognition and providing employees with autonomy can significantly enhance team performance and satisfaction.Technological Advancements in Agriculture: The rapid evolution in ag technology demands continuous learning and adaptation by leaders.Importance of Vulnerability: Exercising vulnerability and openness as a leader fosters trust and deeper connections within teams.Notable Quotes:"I think it really starts with defining a vision. And then once you have that vision, then it's making really deliberate choices and actions based on those choices." - Rich Haynes"I'm a big proponent of a great work environment equals great work." - Rich Haynes"My personal take is, I think that we get a lot of rope to do things with. So there's a lot of decision-making ability." - Rich Haynes"I think the really great leaders I've had as managers in the past have always helped me to grow and to be better." - Rich HaynesDon't miss this enlightening episode that offers a depth of knowledge and practical strategies for intentional leadership in agribusiness. Tune in to gain valuable insights and stay updated with further episodes of the Intentional Agribusiness Leader Podcast.
Darren Goebel is an agronomist and director of Global Agronomy and Farm Solutions at AGCO Corporation, a position he has held since February of 2018. In this role Darren leads AGCO's agronomy and farm solutions team, a global team of agronomists whose goal is to prove ROI and effectiveness of advanced decision agriculture solutions and existing AGCO machinery on test farms throughout the world leading to commercialization of products and services that bring enhanced value to AGCO customers. Darren has been a crop consultant and agronomist throughout his career, with work encompassing virtually all crops and geographies including Southeast Asia, China, India, Eastern Europe, Brazil Mexico, U.S., and Canada. Darren applies his unique combination of technical agronomy, precision farming, research, sales, marketing and business experience to ensure AGCO's Agronomy and Farm Solutions team effectively evaluates the impact of equipment design, technology and use on crop production and performance. Episode Summary:In this engaging episode of the Intentional Agribusiness Leader podcast, host Mark Jewell is joined by Darren Goebel from AGCO. Darren sheds light on the significance of intentionality in leadership and agribusiness, sharing insights on setting clear goals, leveraging team strengths, and driving innovation to enhance farm profitability.The conversation delves deep into the practical aspects of being intentional, with Darren elaborating on the processes and steps necessary for successful execution of plans. He explains the importance of coaching and continuous communication to align team members with overarching goals. They discuss the North Star of helping farmers improve profitability and the methods Darren's team employs, including on-field observations and scientific approaches.Furthermore, the episode tackles the critical issue of talent attraction and retention within large corporations like AGCO. Darren emphasizes the role of culture, integrity, and leadership that trickles down from the top management. He shares strategies used by AGCO to ensure a supportive and high-integrity work environment that retains talent. The conversation wraps up with Darren's take on driving team compliance, handling resistance, and instilling productive habits, punctuated by thought-provoking quotes and actionable advice.Key Takeaways:Setting clear, goal-oriented plans is essential for intentional leadership.Effective communication and coaching are key to aligning teams with company goals.Observational research on farms can highlight unseen profit-limiting factors.Building a strong, integrity-driven culture from the top down aids in talent retention.Implementing regular feedback and goal review sessions fosters accountability and progress.Notable Quotes:Darren Goebel: "When you're intentional, you say, you know, this is my lighthouse. This is where I'm headed."Darren Goebel: "Whatever the data shows, that's what it is. Whether it helps us sell a piece of equipment or not."Mark Jewell: "Cognitive dissonance plays a huge role in both personal growth and professional development."Darren Goebel: "You need to learn it for yourselves. They need to go through the pain too, because you just can't tell people stuff."Darren Goebel: "From a leadership perspective, you need to recognize them and make them feel good about what they've done."For a deeper dive into these topics and more, make sure to listen to the full episode!
Customer Experience Expert Lynn Daniel Shares Insights on Entrepreneurism and Respect Thedanielgroup.com ### About the Guest(s): Lynn Daniel is the CEO of The Daniel Group, a company he founded in 1989. With a background in management, consulting, corporate planning, and product management, Lynn has led The Daniel Group to specialize in helping B2B companies measure, manage, and improve customer experience since 2005. His firm works with clients such as AGCO, Navistar, Kuma, and 80% of Caterpillar dealers to enhance profitable and loyal customer relationships. Lynn holds a BA in Political Science from North Carolina State University and an MBA from the University of Virginia. ### Episode Summary: In this engaging episode of The Chris Voss Show, Lynn Daniel, CEO of The Daniel Group, shares insights on how his company focuses on customer experience consulting for B2B companies. He discusses the importance of customer service, the power of referrals, and the impact of emotional satisfaction on customer relationships. Lynn emphasizes the significance of leadership's role in shaping a company's commitment to customer experience and highlights the correlation between employee experience and customer experience for business success. ### Key Takeaways: * The Daniel Group specializes in measuring, managing, and improving customer experience for B2B companies. * Customer satisfaction directly influences referrals, with highly satisfied customers being more likely to refer a company. * Emotional satisfaction plays a crucial role in customer relationships, surpassing rational satisfaction in impact. * Leadership commitment is essential in prioritizing customer experience within a company's strategic goals. * There is a strong connection between employee experience and customer experience, highlighting the need for a positive work environment. ### Notable Quotes: * "One of the things we have learned is emotional satisfaction. How you feel about something is far more powerful by far than any kind of rational satisfaction." * "There's such a strong connection between employee experience and customer experience. Ultimately, that's gonna backfire on you." Don't miss out on the insightful discussion with Lynn Daniel on The Chris Voss Show as he delves into the world of customer experience, leadership, and employee engagement. Tune in to gain valuable insights and stay informed on the latest trends in customer service and business strategy.
Thanks for joining us! Today we welcome Russ Green, the founder and Managing Director of a network of future agricultural leaders called MACKAYBEN. Russ has made it his mission to help identify and mentor these leaders. In this podcast, he and Monte cover a wide range of topics, including agricultural equipment, artificial intelligence, and discovering the next generation of agricultural leaders, from roles within major corporations to innovations being implemented on the farm. Watch episode here: https://youtu.be/CwiU2-WL6kg Russ has had a 45+ year career supporting the agri-food value chain. Having worked for and lead organizations like AGCO, Claas of America, and Case New Holland, Russ has deep industry knowledge and connections that can only come from a life-long devotion to the industry. Russ completed his undergrad at University of Northern Iowa and his MBA at University of Wisconsin-Milwaukee's Lubar School of Business. Russ credits his success in the agricultural business to being raised with a Midwest work ethic surrounded by people who genuinely cared for each other's interests and community well-being. Named by Farm Industry News as one of the 10 Fascinating People in Agriculture in 2015, Russ has formed a successful 45-year career contributing to the growth and business expansion of several international industry players in North America. Russ is a ‘truth-teller and a sense-maker.” He is as comfortable with his problem-solving and communication skills with the producer in the small cattle feed yard as he is with his executive teammates in the corporate boardroom. One of his industry colleagues stated, that Russ' ability to make strategic progress with the quote, “Russ has great people skills and is comfortable interacting with anyone from the small-scale farmer to the president of a multinational corporation or a State Governor or U.S. Senator.” Russ is the founder and Managing Director of a network of future agricultural leaders in a group named MACKAYBEN. Experienced agriculture mentors need to help our young ag and food leaders, as they have the daunting task of feeding the world and our future generations. Russ was recently featured in a video by Green Mountain Lion Corp. about industry leader success stories. https://youtu.be/UwkFISmui9s Focus Areas: Executive strategic development Rapid improvement Dealer performance group leadership Workforce development Structuring teams Coaching leaders to their greatest potential Russ, named one of the 10 Fascinating People in Agriculture by Farm Industry News in 2015, attributes his success in agriculture to a Midwest work ethic and a community-driven upbringing. With a knack for problem-solving and communication, he's equally at ease in a small cattle feed yard as in a corporate boardroom. Transitioning from a global corporate role to teaching and consulting, Russ brings his extensive industry experience and coaching background to inspire future leaders and align actions with strategy through MACKAYBEN. SATISFYD Presentation: https://blog.satisfyd.com/blueprint-for-attracting-and-retaining-millennial-talent?hs_preview=VlEwCfpx-160998029434 https://mackayben.com/about/ https://www.machineryadvisors.org/russ-green Got questions you want answered? Send them our way and we'll do our best to research and find answers. Know someone you think would be great on the AgEmerge stage or podcast? Send your questions or suggestions to kim@asn.farm we'd love to hear from you.
In this episode of On the Record, brought to you by Weasler Engineering, we take a look at some responses to Kubota's new limiting acquisitions policy for dealers. In the Technology Corner, Noah Newman examines how autonomy may provide a health benefit to the ag equipment industry. Also in this episode, John Deere's latest earnings and the end of AGCO and Ohio Ag Equipment's distribution agreement.
In this episode of On the Record, brought to you by Weasler Engineering, we break down the key takeaways from Ag Equipment Intelligence's newly released 2024 Big Dealer Report. In the Technology Corner, Noah Newman shows us how cover crop planting could be done autonomously. Also in this episode, CNH Industrial reports a drop in ag sales, AGCO combine and application equipment sales are down year-over-year and a UK New Holland factory strike could impact North America.
This week's guest on Open Mic is Bill Hurley, Vice President of Global Government Affairs for AGCO Corporation and Chairman of the Association of Equipment Manufacturers Agriculture Sector Board. This week “A Celebration of Modern Agriculture” returns to the National Mall in Washington D.C. The event features a display of the technology in farm machinery that's helping to feed and fuel a growing global population. Exhibiting companies will share how advanced technology is helping farmers not only increase production but also protect the environment with improved sustainability. Hurley says technology enables farmers to apply precision practices to individual plants in a field.
On Thursday's AOA, powered by Cenex, we start the show with a look at the markets and the recent moves in wheat and cattle with Mike Zuzolo from Global Commodity Analytics. In Segment Two, we talk about preparations for the upcoming Farm Progress Show this summer in Boone, IA with Matt Jungmann. In Segment Three, we listen to a recent conversation Jesse had about TikTok with Brian Firebaugh, known as CattleGuy on the platform. In Segment Four, we wrap the show discussing the evolution of on-farm service with AGCO's Stefan Caspari.
MIP #427 The Reroute Game In Baltimore With Blake BinaMoving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.comMove More Iron with Fusable! Get your Free Demo athttps://info.ironsolutions.com/moving-iron-podcast.SummaryImportance of Baltimore Port for Roll-On Roll-Off (RoRo) Operations: The Baltimore port is crucial for RoRo operations, particularly for equipment like Caterpillar and Agco products. Baltimore's efficiency in handling RoRo cargo makes it a preferred port for exporters of such equipment. However, with the recent bridge collapse incident, the port's closure has significantly disrupted RoRo operations.Impact of the Bridge Collapse: The incident was caused by a ship hitting the Francis Scott Key Bridge, which closed the main channel and affected commercial vessel transit. The Army Corps of Engineers is underway with salvage and recovery efforts, but clearing the channel and removing debris may take several months.Diversion of RoRo Ships: Major RoRo carriers like Holglines have already diverted their vessels to alternative ports like Savannah, Brunswick, and Jacksonville. However, these ports may not have the same infrastructure and capacity to handle RoRo cargo efficiently, potentially leading to additional costs and delays for exporters.Challenges for Exporters: Exporters with cargo staged in Baltimore face additional costs and potential delays in retrieving their goods. The longer cargo sits in the port, the higher the port authority's parking fees. To mitigate delays and costs, exporters may need to consider alternative ports and transportation methods, such as flat racks.Short-Term Bottlenecks: The closure of the Baltimore port has created short-term bottlenecks at alternative ports, leading to potential delays of two to three weeks for inbound vessels. The diversion of cargo and the strain on infrastructure at alternative ports may cause additional delays and challenges for exporters and importers.Long-Term Impact: While short-term delays are expected to be resolved as carriers implement contingency plans and increase capacity, long-term effects on cargo flow and logistics chains remain uncertain. Exporters and importers may face ongoing challenges in securing space on RoRo vessels and managing transportation costs until the Baltimore port resumes entire operations.Keywords:#Baltimore #portofbaltimore #RoRooperationsdisruption #FrancisScottKeyBridge #AlternativeportsforRoRoshipping#Exporterchallenges #Cargodelays #Transportationlogisticsdisruptions#Portclosures #supplychain #Shorttermbottlenecks #LongtermlogisticsimplicationsClick To Watch:https://youtu.be/LvdzgWMoKu8Click To Listen:Presented By @AxonTire @AgDirect @IronSolutions @EDAdata @Fusable @ValleytransincMusic By: @TalbottBrothersHost: @casey9673#agequipmentbusinesstal #letsgomovesomeironContact Me at:MovingIronLLC.commovingironpodcast@movingironpodcast.com
Top Climate-Smart Stocks includes one article with 26 global picks. Another article refers to ESG companies in ‘unassailable' market positions. By Ron Robins, MBA Transcript & Links, Episode 127, April 5, 2024 Hello, Ron Robins here. So, welcome to this podcast episode 127 titled “Top Climate-Smart Stocks.” It's presented by Investing for the Soul. Investingforthesoul.com is your site for vital global ethical and sustainable investing mentoring, news, commentary, information, and resources. Now, remember that you can find a full transcript, and links to content – including stock symbols and bonus material – on this episode's podcast page located at investingforthesoul.com/podcasts. Also, a reminder. I do not evaluate any of the stocks or funds mentioned in these podcasts, nor do I receive any compensation from anyone covered in these podcasts. Furthermore, I will reveal to you any personal investments I have in the investments mentioned herein. Additionally, quotes about individual companies are brief. Please go to this podcast's webpage for links to the actual articles for more company and stock information. Also, some companies might be covered more than once and there are also 2 article links below that time didn't allow me to review here. ------------------------------------------------------------- 26 climate-smart stocks shine in new BMO screen I'm beginning with this article from Canada, but its recommended stocks are pertinent to investors globally. It's titled 26 climate-smart stocks shine in new BMO screen. It's by Freschia Gonzales and found on wealthprofessional.ca. Here are some quotes from the article. “BMO Nesbitt Burns analyst Doug Morrow has launched a new ‘climate opportunities screen' targeting stocks positioned to thrive in the fight against climate change, as reported by The Globe and Mail… The selection process started with 432 stocks rated as outperform at BMO, evaluating them against criteria such as net-zero emissions policies, transparency in carbon emissions, and board oversight of climate targets…” Here are the first 5 of the final 26 stocks on the list. Adobe Systems (ADBE) AstraZeneca (AZN) Avery Dennison (AVY) Baker Hughes Co. (BKR) BHP (BHP).” End quotes. For the rest of the companies go to this podcast edition's web page at investingforthesoul.com/podcasts and click the link to this article. ------------------------------------------------------------- 5 Cheap Sustainable Stocks With Moats The next article appeared on the renowned morningstar.com site. It's titled 5 Cheap Sustainable Stocks With Moats and it's by Muskaan Hemrajani and Leslie P. Norton. Now some quotes from the authors. “These companies not only have low ESG risk scores, indicating that the companies are exposed to fewer environmental, social, and governance risks, but they are also trading at a price 50% lower than their fair values, according to Morningstar. In addition, all five have been assigned a Morningstar Economic Moat Rating of wide or narrow by the analyst covering the stock… Note: quoted stock prices are as of March 22, 2024. 1) Etsy ETSY Fair Value: $140 Morningstar Rating: 4 stars Price: $67.82 Etsy is trading at a 51% discount. Etsy is a top-10 e-commerce marketplace operator in the US and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. 2) BorgWarner BWA Fair Value: $72 Morningstar Rating: 5 stars Price: $33.20 BorgWarner is trading at a 54% discount. BorgWarner is a Tier I auto-parts supplier with three operating segments: An air management group, a drivetrain and battery systems group, and an e-propulsion segment. 3) Sirius XM Holdings SIRI Fair Value: $7.50 Morningstar Rating: 5 stars Price: $3.88 This stock is trading at a 48% discount. Sirius XM Holdings consists of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its satellite radio network, primarily to consumers who pay a subscription fee, often tied to a vehicle. Pandora, acquired in February 2019, is a streaming music platform that offers an ad-supported radio option and a paid on-demand service. 4) Aptiv PLC APTV Fair Value: $148 Morningstar Rating: 5 stars Price: $78.72 This stock is trading at a 46% discount. Aptiv is an automotive supplier. Its signal and power solutions segment supplies components and systems that make up a vehicle's electrical system, including wiring assemblies and harnesses, connectors, electrical centers, and hybrid electrical systems. 5. Charter Communications CHTR Fair Value: $550 Morningstar Rating: 5 stars Price: $290 This stock is trading at a 46% discount. Charter owns cable TV networks. It is the product of the 2016 merger of three cable companies: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 56 million US homes and businesses, around 40% of the country. End quotes. ------------------------------------------------------------- The Ethical Investor's Dream: 7 Socially Responsible Stocks With Skyrocketing Potential Now Investor Place has produced some interesting research articles with many ESG and sustainably oriented stock picks. Their latest article is this one titled The Ethical Investor's Dream: 7 Socially Responsible Stocks With Skyrocketing Potential. It's by Josh Enomoto. “1) Microsoft (NASDAQ:MSFT) While Microsoft ranks among one of the biggest technology companies in the world… it ranked as number one on Investor's Business Daily's (IDB) 100 Best ESG Companies for 2023 list. Judging from its nearly 16% upside performance since the beginning of January, it's ethical and viable… Experts rate Microsoft a strong buy with a $470.30 average price target. That implies about 10% upside potential. 2) Alphabet (NASDAQ:GOOGL) Another world-renowned tech giant, Alphabet came in at number 25 on IDB's list for top ESG companies last year. Fundamentally, the company should benefit from its ownership of the Google ecosystem. Commanding an overwhelming market share of the search engine space, Alphabet probably isn't going anywhere but up… Alphabet carries a strong buy consensus view with a $165.37 price target, implying about 10% upside. 3) TJX Companies (NYSE:TJX) TJX Companies is a discount retailer… it specializes in off-price apparel, shoes and accessories. It made number 22 on IDB's list of top ESG businesses in 2023. On a fundamental note, the gradual return to normalization could see increased demand for cheap business casual attire… Analysts rate TJX a strong buy with a $110.84 average price target, implying over 11% growth potential. 4) Air Products and Chemicals (NYSE:APD) provides atmospheric gases, process and specialty gases, equipment, and related services throughout the world. On IDB's ESG list last year, Air Products came in at number 18. To be fair, it's one of the riskier ideas on this list, with shares losing 13% year-to-date… Air Products and Chemicals also carries a moderate buy view with a $272 price target, implying 15% upside potential. If you want a potentially discounted opportunity among socially responsible stocks, this might be it. 5) Mondelez (NASDAQ:MDLZ) A multinational confectionary, food, beverage and snack company, offers everyday relevance for investors and consumers. And if the economy gets a bit wobbly, Mondelez should rise as a beneficiary of the trade-down effect. Notably, Mondelez ranked as number 15 on IDB's top ESG list… Experts rate Mondelez a strong buy with an $83.47 price target. 6) Bunge (NYSE:BG) A critically important name among socially responsible stocks, Bunge operates as an agribusiness and food company worldwide. It conducts operations through four segments: Agribusiness, Refined and Specialty Oils, Milling and Sugar and Bioenergy. On IDB's ESG list, Bunge came in at number 11… Analysts are optimistic with Bunge's chart performance, rating it a moderate buy with a $115.30 target. That implies more than 16% growth potential. 7) Adobe (NASDAQ:ADBE) Another top-tier technology enterprise, Adobe is a software giant. It's perhaps best known for its Photoshop program and other products aimed at the creatives community. Because of the rise of the gig economy, Adobe could be more important than many people realize. As for its inclusion as one of the socially responsible stocks, Adobe ranked as number 14 in IBD's top ESG list… Analysts rate Adobe a moderate buy with a $620.63 target, implying over 24% upside potential.” End quotes. ------------------------------------------------------------- Benefits of Sustainable Investing and 3 Companies Paving the Way! This next article comes from a site I haven't seen before – techbullion.com. Its author, Adriaan Brits, offers some good insights backing his stock picks. It's titled Benefits of Sustainable Investing and 3 Companies Paving the Way! Here's some of what Mr. Brits says about his picks. “1) AGCO: Advancing Agricultural Sustainability AGCO, an American agricultural machinery manufacturer, has emerged as a compelling option for sustainable investing. AGCO integrates sustainability into its core business strategy, emphasizing innovation and technology to make agriculture more efficient, productive, and environmentally friendly. 2) ICL Group: Promoting Sustainable Agriculture and Nutrition ICL Group, a leading global specialty minerals company, and one of the largest fertilizer manufacturers in the world, offers another attractive opportunity for sustainable investment. ICL's operations center around producing a sustainable food supply, focusing on soil health, plant nutrition, and food quality. 3) John Deere: Pioneering Precision Agriculture John Deere, a familiar name in agricultural machinery, has been pushing boundaries to make farming sustainable and efficient. The company's focus on innovations to improve machinery efficiency and promote agriculture makes it a promising prospect for sustainable investors.” End quotes. ------------------------------------------------------------- Why I Keep Loading Up on These High-Yielding, Renewable-Energy Dividend Stocks Lastly, is another article by an analyst who is frequently covered in these podcasts: Matt DiLallo at The Motley Fool. This article is titled Why I Keep Loading Up on These High-Yielding, Renewable-Energy Dividend Stocks and it's seen on finance.yahoo.com. Quotes… “The transition to renewable energy is one of the biggest investment megatrends of our lifetime. Over the coming decades, the world needs to invest trillions of dollars to decarbonize the economy. That should power above-average growth for companies focused on those sectors in years to come. I want to cash in on this megatrend. That's why I've been loading up on renewable-energy stocks. I recently bought a few more shares of NextEra Energy Partners and Brookfield Renewable. Here's why I believe they could generate powerful total returns over the long term. 1) NextEra Energy Partners (NYSE: NEP) NextEra Energy Partners has hit a speed bump in recent years. Surging interest rates have driven up its cost of capital. Not only have borrowing costs risen, but its stock price has lost nearly 70% of its value from the peak in early 2022, driving its dividend yield up to 13%. That has made it more difficult to secure new funding at an attractive rate to refinance existing financing as it matures and obtain new capital for acquisitions. Because of that, the company has had to alter its strategy… If NextEra Energy can execute its plan, it could produce powerful total returns. It would pay a very lucrative and growing dividend. On top of that, it has significant stock-price appreciation potential as its share price recovers. While there's a high risk of a dividend cut due to its high payout ratio, a reduction could accelerate its recovery by enabling it to retain more cash to fund growth and strengthen its balance sheet. This high upside potential is why I continue loading up on its stock. 2) Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) Brookfield Renewable has gotten caught up in the growth concerns weighing on NextEra Energy Partners. Its shares are more than 55% below their high in 2022. That pushed its dividend yield up over 6%. However, its issues were more a matter of timing than problems with financing. The company grew its funds from operations by 7% per share last year despite rising rates and supply chain issues. That was slightly below its target of 10%, largely due to later-than-expected transaction closings in the fourth quarter. It also had one that didn't close because shareholders voted against the deal… Brookfield's dividend income and earnings growth alone could power total annual returns in the mid-teens from here. Add in a recovery in its stock price, and the upside potential is even more significant.” End quotes. ------------------------------------------------------------- One Other Honorable Mention 1) Title: Strong Buy Renewable Energy Stocks to Add to Your Q2 Must-Watch List on investorplace.com. ByVandita Jadeja. One Article from Australia 1) Title: 10 ASX Cleantech Stocks (Updated 2024) on nasdaq.com. By Melissa Pistilli. ------------------------------------------------------------- Ending Comment Well, these are my top news stories with their stock and fund tips -- for this podcast titled: “Top Climate-Smart Stocks.” Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you. And please click the share buttons to share this podcast with your friends and family. Let's promote ethical and sustainable investing as a force for hope and prosperity in these deeply troubled times! Contact me if you have any questions. Thank you for listening. I'll talk to you next on April 19th. Bye for now. © 2024 Ron Robins, Investing for the Soul
As we head into the spring planting season, there is much focus on technologies and innovations that will enable producers to drive returns in a tightening farm economy. Andrew Sunderman, Join Venture Transition Lead for AGCO, joins today to talk about their new JV with Trimble and having an innovation ecosystem ready to serve the farmer – no matter how or what they're investing in for their operations during any given year. In a time where it could be easy to say no to new tech or innovation, how does AGCO differentiate? Andrew talks control and accuracy, usability and optimizing outcomes. From their retrofit tech approach that helps to leverage smaller bets on-farm to improved performance of current equipment, he gets into solving problems that have never been met before and how the joint venture with Trimble will add continuation to their work.
As we head into the spring planting season, there is much focus on technologies and innovations that will enable producers to drive returns in a tightening farm economy. Andrew Sunderman, Join Venture Transition Lead for AGCO, joins today to talk about their new JV with Trimble and having an innovation ecosystem ready to serve the farmer – no matter how or what they're investing in for their operations during any given year. In a time where it could be easy to say no to new tech or innovation, how does AGCO differentiate? Andrew talks control and accuracy, usability and optimizing outcomes. From their retrofit tech approach that helps to leverage smaller bets on-farm to improved performance of current equipment, he gets into solving problems that have never been met before and how the joint venture with Trimble will add continuation to their work.
Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF Anurag Rana, Bloomberg Intelligence Senior Technology Analyst, discusses the US Justice Department suing Apple. Mandeep Singh, Bloomberg Intelligence Senior Tech Industry Analyst, joins the program to discuss Reddit's U.S IPO. Chris Williamson, Chief Business Economist, at S&P Global Market Intelligence, discusses S&P Manufacturing/Service/Composite PMI data. Nicole Webb, Senior Vice President, Financial Advisor at Wealth Enhancement Group, discusses her market outlook. Eric Hansotia, AGCO CEO, discusses the strategic reasons behind AGCO's pursuit of the largest ag tech deal ever. Hosts: Paul Sweeney and Alix SteelSee omnystudio.com/listener for privacy information.
Get the latest news of agriculture with American Ag Today! We learn more about new products from Case IH and AGCO during the National Farm Machinery Show. Jesse Allen talks with Morgan Dietrich from Case IH and Luke Weller from AGCO.
On this episode, we head to the 2024 National Farm Machinery Show in Louisville, Kentucky. You'll hear from Mahindra USA CEO Viren Popli and AgRevolution President and CEO Stacy Anthony will provide and update on the continued growth of the AGCO-owned dealer network. We preview next week's conversation with 2024 National Association of Farm Broadcasting President Carah Hart, and in “Bushels and Cents,” Ray Bohacz discusses engine coolant depletion. The episode also features the music of Clarksville Creative Sound recording artist Lonnie Bartmess. Timestamps Intro/news: 0:00 Viren Popli, Mahindra USA: 6:05 Stacy Anthony, AgRevolution: 15:16 Carah Hart, National Association of Farm Broadcasting: 20:49 Ray Bohacz, “Bushels and Cents”: 22:42 Lonnie Bartmess: 24:19
AGCO is touting a five to seven percentage fuel efficiency gain for its new AGCO Power Core50 engine. The 4-cylinder 5.0 litre engine first appeared in the the Fendt 600 Vario tractor and AGCO is billing it as the “most advanced diesel engine platform on the market today.” It’s set to debut in other AGCO... Read More
Eric Hansotia, Chief Executive Officer at AGCO, discusses growth, technology and sustainability in the agriculture industry. theSkimm Co-Founder Danielle Weisberg talks about their Show Us Your Child Care initiative. Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick and Bloomberg News Cross Asset Reporter Denitsa Tsekova provide the details of their Businessweek Magazine story Hedge Funds Turbocharge Volatility in Cratering US Bond Market. And we Drive to the Close with Amanda Agati, Chief Investment Officer at PNC Asset Management Group.Hosts: Carol Massar and Mike Regan. Producer: Paul Brennan. FULL TRANSCRIPT: This is Bloomberg Business. Wait inside from the reporters and editors who bring you America's most trusted business magazine, plus global business, finance and tech news. The Bloomberg Business Week Podcast with Carol Messer and Tim Stenebeck from Bloomberg Radio. Well shares at Adco. Check it out, everybody, They're up our third day, They're at more than six percent in that time. Company reported earnings yesterday morning, of which third quarter just at EPs was a big beat. Third quarter net sales in line with expectations, and the maker of tractors and combines also said it still sees fiscal year net sales of about fourteen point seven billion, slightly above street estimates, with fiscal year just ADPs of about fifteen dollars seventy five cents a share. That's fifty cents above the company's earlier forecasts. Three analysts nonetheless cutting their price targets on the company by an average of three and a half percent since it reported yesterday. So let's get to it. We have a great guest. We have the CEO, Chairman, President and CEO at ADCO, Eric Hansotea. Excuse me, Eric Hensotia, He's on zoom from Duluth, Georgia, and he joins, us, forgive me, forgive me. I'm trying to race to get to you. So I apologize. Eric. Oh you good, no problem, Really great to have you here with us. First of all, how are you? And I do have to ask you about the FED? In an environment where the FED says, you know, we could still continue raising rates, we're still worried about inflation. Does that kind of mesh with the outlook that you see? Well, your first question was how am I doing great? Just couldn't be happier with the progress that our company is having relative to our strategy. We're going to have two billion more in sales this year, We're going to grow margins significantly relative to the and it's all in line with our high tech focus on being the industry leader and smart farming machines relatively to the FED. You know, interest rates do weigh on farmers' minds. These are big as they carry a lot of technology. They're expensive machines, many times half a million to a million dollars, and so they often finance those machines, and higher interest rates are part of the part of the decision. I'm expecting that we're you know, at a high plateau and that we're more likely over the coming year to have red rates go down then up, and that would be welcomed by our customers, you know, Eric, I'm looking at the revenue growth of ag CO over the years and really some impressive growth there. Twenty twenty one is up, twenty two, twenty twenty two up fourteen percent, sixteen percent. This year, it does, at least according to analyst estimates, look like you might be in for a dip in revenue last year. And I'm wondering what's the what's driving that? Is that entirely an interest rate story or is there is there something else going on? It's actually very little related to interest rates. Agriculture often is not connected, not correlated highly with the regular GDP growth. It's more tied to the agricultural agricultural economy. So the price of corn, wheat, soybeans, and that's a function of how much green there is in the world. For the last two or three years, there's been green shortages and so green prices have been high. That means more profit for our farmers. Now they've had a great year this year in terms of harvest and so there's a little bit more stock prices have come down a bit, and that's really more what drives farmer profitability and then turn their interest to purchase equipment. Hey, Eric, what I wonder is longer term how you guys think about the business, how you plan, because I wonder if things like weather, climate change, demographics globally, is that more significant in terms of how you think about the growth longer term? And if so, what does that maybe indicate to you. Yeah, that's a great point, Carol. So we see three macro tailwinds plus this weather factor. So let me touch those real quickly. Number One, we're moving from eight billion people to ten billion people between now and twenty fifty. Number two, emerging economies are adding more meat to their diet as they do that. That's a multiplier on the demand for green chicken is a two to one multiplier, beef is a ten to one multiplier. And then third is renewable fuels, so ethanol in the United States. But now the next one is renewable diesel. Ethanol consumes forty percent of the corn crop today. Renewable diesel is likely going to grow to that same kind of proportion over the next few years. Those are all macro tailwinds that cause the farmer to have higher yields and more pressure on higher yields. And then weather is another one. We're having more severe droughts and more severe floods every year that reduces the overall global global ability to produce cream. So you add those four factors together and the farmers are pushed to have higher yields while using less inputs, less fertilizer, pesticide, chemicals and things like that, and so there's a big squeeze for productivity. Using our technology, we're using artificial intelligence on our now to be able to use vision systems so identify the difference between a weed and a plant as a machine's going through the field and spray only the weed, saving like seventy percent of the chemical and a lot of automation of features throughout all of our products. Can you say, I'm assuming you've been using AI for a long time though, right, Yes, we have. Across many of our machines. We use AI to understand the variation in soil or crop and have the machine learn over time to be able to optimize itself real time in the field. It's amazing because when you think of AI. The last thing I think most people think of is farm labor. Do you think of machines though, I think a machine. Well, Eric made a great point and I wanted to ask about this. Is right at the beginning, you said that technology aspect of your business is so important, and again, if you're not really familiar with ACO, you might not think about that. But one thing I wanted to ask about, Eric, and full disclosure, I'm not an expert on tractors. In fact, I hire a kid to cut my own grass, so I'm really I've driven a tract, this big one. There we go. So I'm coming at this from a pure ignorance state of mind. But I would think that self driving technology would be easier to implement on the farm with a tractor. But from my understanding is it's not really I wonder if you could talk to us a little about where you are with that type of technology. You know what we see it anytime soon? Or is it just, for whatever reason, too complicated to have self driving tractors. It's a great topic. It's at the heart of our strategy is putting technology on machines to have the machine be smarter and be able to do more things for the customer. I talked about the sprayer. We're automating all our functions on all of our machines. We've increased our engineering spend by sixty percent over the last three or four years since we started a strategy. We've bought six tech companies. We just announced the biggest AGG tech deal in history with Trimble agg where is over a two billion dollar deal to bring those to their technology and our technology together. So technology is a big deal. Now let's talk about the autonomy question. Already, guidance, which Trimble is is one of the world leaders in is used by farmers once they get into the field. They get into the field and they already turn on auto steer, which is a satellite driven guidance, tip the steering wheel out of the way and the machine steers for itself. Now it's still supervised today, but most large AGG has is the machine is doing the steering for itself. We've committed when we were in Wall Street last week last year, we committed that by the end of the decades, so twenty thirty, we would have the full crop cycle, meaning planting, spring, tractors, harvesting, all autonomous with no driver in them, and by twenty twenty five we'd have a retrofit kit that would be able to be put on an existing machine to make it autonomous. So it's a more contained environment. There's not so much other traffic and other things in the way, and you can stop. You don't have a lot of other traffic around, so you can if there's runs into a situation hasn't seen before, the machine will just failsafe mode is stop and then you can remotely view into it and restart it. It's like about right, there's lots of move there's a lot of space around you. Autopilots work really really well. Hey, in twenty twenty four, what do we expect for your company? Do you see higher prices due to inflation continuing And just got about forty seconds. Yeah, yeah, prices are going to moderate. You know, these last couple of years, we put a lot of pricing into the market, more than our a little bit more than our cost. We expect to still put more than our cost into the market because of all this technology we're bringing in the value it generates. But inflation is coming down pretty significantly for us, and so we think it'll be much more normalized. You know, we haven't given guidance, but it'll be more in the mid to low single digits than where we've been before. Any any kind of peak ten seconds in terms of the ag machinery market, do you see any kind of peeking out just very quickly. Well, we've still got strong demand going into next year. Our order boards are out six or seven months on large egg. We're sold out for our seasonal products. We're all through Mighty Year twenty four, so we still see twenty four as a good year, although getting more normalized. All right, love it, listen, come back soon, so appreciate it. Eric Hansodia He is chairman, president CEO at AGCO on zoom from Duluth, Georgia, So appreciate your time. On this Wednesday, you're listening to the Bloomberg Business Week podcast. Catch us live weekday afternoons from three to six Eastern Listen on Bloomberg dot com, the iHeartRadio app and the Bloomberg Business app, or watch us live on YouTube. All right, we're going to switch gears a little bit off of earnings. Talk about the skim. It's a non partisan digital media company catering to women. It's a subscription newsletter company to offer up things like the daily Skim Skim Money. There's also a podcast and a lot more in terms of what they do the privately held company. Their investors include GV which was formerly Google Ventures. Also Disney. We just heard Denise talk about Disney when it comes to the Hulu ownership. Ventures is another investor in the company. We talked with both of the founders back in March, and great to have back with us this time around. The Skim co founder Danielle Weisberg. She's on Zoom in New York City. Danielle, how are you. I'm good, Thanks so much for having me here today. Before we get into some specifics, I always like to talk perspective. You guys have been around for more than a decade. It's been a few months, about six months or so since we last talked. Talk to us about, you know, how business is doing this year, and just talk to us about how you see the environment right now. Yeah, So you know, listen, you guys are in this day in and day out in terms of public companies, and I think that when it comes to this environment, we know ADS spending has been really up and down. It's been tenuous. I think that when those budgets flex, the biggest thing that you can rely on is a direct relationship with a sought after customer. And at the Skim we have been representing millions of win women for over a decade. Our audience is the people that you want to reach and that you need to reach. They are the ones that are making ninety five percent of household purchasing and spending decisions. So while the overall media landscape continues to have challenges, we've certainly felt that, but at the Skim, what we come back to again and again is what you can't duplicate and what you can't just start overnight, which is a real direct relationship with a group of women who look for look for us every single day. How big is that group? Just remind us in terms of your reaction base over twelve million women. Wow, that's a lot. That is a lot. Are you just remind me to only subscription based or no, there's ad dollars that comes in. No, we have a differentiated revenue model. So we have sponsorship, we have subscription, and actually our fastest growing line of revenue has been commerce. Danielle, at the Skin, you have a very interesting initiative going on called show us your Childcare, Talk to us a little bit about what that is, what the goal of that is. Yeah, so it's a good day to talk about it because there was I don't know if you guys saw this, but there was a report today where we were finally able to look at data in comparison to childcare costs in twenty nineteen. So the price of childcare is up thirty two percent. That means that many families can't afford to both work, and that price search outpaysd overall inflation. I mean, when you look back this year, how much time have we spent reporting on inflation and thinking about what that is doing to families and the decisions that they're having to make, and think about then what it means to say childcare costs are going beyond that. And again this isn't new. This child share share childcare crisis has been in existence for years and the pandemic only made that worse. And in fact, the only time that there has been an investment the US has ever made a sizable investment in childcare was during the pandemic. And when that pandemic era funding expired, which it did, there were no other solutions offered. So it's leaving about three point two million children and their families without childcare options, and that is absolutely just unacceptable. We have an economy that more and more relies on parents, both of them to work, and to do that, you need to make sure that your kids have proper care. Right Listen, you're preaching to the choir. Nobody's going to like get. We totally agree. We talk so much here, I feel like about the lack of affordable daycare or childcare, if you will, for many, many millions of Americans. Other countries seem to have figured it out. You guys, have a partnership and talk to us a little bit about it with moms first. You're partnering also with companies such as Verizon, MasterCards, show Banni on this. Tell us what specifically are you are doing to kind of impact this problem or the situation. Yeah, So we launched hashtags show us your Childcare. And this is the second real civic action campaign that we've lost that we've launched. The first was hashtag show us Your Leave. And what we believe is really matching areas with there is a disconnect for what the government is doing so. Again, childcare has not been something that's been solved by Democrats in leadership or Republicans, and so because of that, we again have really needed the private sector to step up. And I think that this is a time when there's not one right way to know how to support your business through a childcare cliff. But how best do you think the private sector can do it? I think many would argue, yeah, maybe the government doesn't need to be involved, that there are private sectors that have definitely been very profitable and that as a benefit, or to help out their workers to make it easier, or in a tight labor force, bring more workers in to actually provide childcare. So what are the one or two things that can really make a difference here. Well, the first is use it to attract and retain talent. So this is a big way to make your policies transparent. Use our hashtag show us your childcare. And that's where we've gotten over eighty companies such as Pinterest, Shobani, ww ets, Verizon to make their policies transparent. And what that does is it really virtue signals that you care about families and that you are going to put your money where your mouth is. But what any of those companies actually do, That's what I'm curious about. What do they do that actually helps people with their childcare needs. Yeah, so it's everything from flexible work hours to cash stipends to put towards childcare costs. One of the things that we do at the SKIM is team up with a partner VB to make sure that there's backup care options. So we offer kind of a bank of credits those days when you have normal childcare but you need a plan B your childcare provider is closed or someone sick. So it really runs the gamut to onsite childcare centers. And again, you know, it's going to depend on the size of your business how much you're able to invest. But there are different things out there, and we want to make sure that that's part of the conversation when it comes to benefits. And I imagine there's a pretty good economic incentive for some companies to get more engaged with childcare. Is that a selling point of this initiative? And Daniel just got about twenty seconds. Yeah, I think it is, and I think overall as a society, we should all make sure that we have a growing workforce that we have nice things like social securities, and to do that, we need to make sure that women stay in the workforce. So I think overall there's a benefit there, but there's also investing employees they'll stay longer. All Right, we got to run, Thank you so much, A very timely issued something we've been talking about. Bloomberg. This give co founder Danielle Weisberg on zoom in New York City. This is Bloomberg. You're listening to the Bloomberg Business Week podcast. Catch us live weekday afternoons from three to six Eastern on Bloomberg Radio, the Bloomberg Business app, and YouTube. You can also listen live on Amazon Alexa from our flagship New York station, Just say Alexa playing Bloomberg eleven thirty. Yeah. One man's loss is another one's game. That is definitely cocky. Attention of the hedge fund industry on this FED decision day Wednesday, if you will, the US Treasury, you know, trade is definitely on our minds, Mike. The funny thing is it's been on our minds a lot this year, amid big swings in the trade volatility in any given day, we've seen tremendous swings. Yeah. Absolutely, and it's fascinating to see sort of new classes of hedge funds get involved in the treasury market. You know, there's certain macro funds that are always president there. But whenever I see the name long tail Alpha, you know, a tail risk catch fund, I know something's gone wrong somewhere when these guys are actively involved in the trade. So I think that's the case with the story. Well, let's get to it, because it's a story that is reported out in the new issue of Bloomberg Business Week. Let's get into what's going on, as I said in the upcoming new issue on newsstands tomorrow, already online a Bloomberg dot com slash business Week, and of course on the Bloomberg terminal. So let's get to it. Bloomberg News Chief correspondent for Global macro Markets, Liz McCormick is with us. She is on zoom in New Jersey, and also with us is Bloomberg News crossauset reporter Denisatsakova. She's here in our Bloomberg Interactive Brokers studio. Guys, so great to have you here with us. It is in BusinessWeek, the upcoming new issue, which will be out on newsstands tomorrow. Denise, let's start with you. I'm curious about the conversation in the newsroom. Joel has a tendency they'll kind of walk around the newsroom and like kind of poke people about stories. How did this story come about? What was the conversation or did you know one of you say like, you should see what hedge fund guys are up to, So tell us how this came to be. Yeah, so it came back to that theme. We've talked a lot about price sensitive and price incentensitive buyers, so we wanted to look into who are really those new buyers, and hedgephone's a big part of it. And obviously, like if you think of just generally trading treasuries and think of it as the safest market and kind of a little bit slower moving market compared to I don't know, compared to equities, currencies, I don't know. So the conversation came, how has the day of those people changed? And this is what we ask them, So won't tail Alpha ven year's day is very different? You know. The first anecdote is he wakes up every two hours to check the prices, and you know, it's being there on your Bloomberg terminal or whatever. You check your prices all the time and following every little move and then every small data release is very important and potentially it can make you move things. And obviously, like some of those traits have voice trades, sometimes you have to be in the and look at all those releases together decide where you have to make moves. And you can imagine this is very different than I don't know, five years ago, when the FED was such a big important buyer and prices maybe weren't as sensitive to those things. Yeah, this is why I'm not a tail risk hedge fund. That that well, well, I want to bring listen to this conversation, Liz, because we talk about the extreme volatility that we see in the US bond market this year. So are they playing our hedge fund guys and gals, if you will, playing a significant role in that volatility? Well? Yeah, right? Is it circular? Right? And they like the volatility, they come in, they create more volatility, right, So it kind of feeds on itself and then more it becomes and I have to do a shout out. I know Tracy Alloway at some point did a story treasury is trading like a meme stock, so we have to book that one up. But that it becomes like, you know, what was it? Oh, I think Mike Reagan must have edited one of these stories we did where there was other things that were like the hot things that was crypto. And now look at this treasuries even today, look at the yields across the curve. It's like down, you know, over fifteen bases points. It's crazy. So I think hedge fund's coming in because there's more volatility and trading than that adds to it. But they do kind of on the flip side say hey, we're adding to the liquidity, we're you know, making markets. And Deniza knows. Today we had the refunding today and they had their barring committee, which the Treasury always does look into different things. One of them was like the demand base, and they brought up things that were in our story, not that it was from our story, but that the buying base has changed. You know, you have less commercial banks, foreign central banks, you have more households and hedge funds you know, involved in the treasury market. So it's kind of interesting that they brought that up today. Mike did call it a meme stock by the way early. Yeah, I really wanted to take credit for that, but of course Liz Tracy's way ahead of me as usual. But Liz, you know, one of the sort of standard bread and butter hedge fund trades when it comes to the treasury market is something known as the basis trade, which basically looks to profit between discrepancies in the price of bond futures and the actual bonds trading in the cash market. That seems to be kicking into high gear this year, and there's a bit of a backlash to that from the government and some scrutiny about what hedge funds are doing. I know, it's created its own backlash to the backlash, Ken Griffin coming out and saying, why do they care about this? This is sort of an innocuous trade that actually helps save taxpayers money in the bond market. Walk us through the basis trade and why there is scrutiny of it right now? Yeah, in fact, you're front running another story I have covered. Helpful get it out before you do. But yeah, it's been interesting. Like you said, we've had the FED, the BIS, A lot of regulators say hey, we'll worry the side of the size of this basis trade is gotten as jig as it was like in March twenty twenty, and we know what happened then. But yeah, normally this is kind of like you say, picking pennies up under steamroller. You're shorting the futures, you're buying the cash. If you take it to you know, to expiration of the futures, they should converge and where they see some discrepancies, some price discrepancies, that's why you'll do that trade. Where the risk comes in is that most of that is done using leverage, meaning using the repo market to finance the treasury side. So you have the risk that's what happened in like twenty nineteen, that repo rates go crazy for whatever reason and you just can't keep funding this trade. On the flip side when volatility picks up, as you know in futures, you tend to get margin calls. It's just part of the metrics. And so if you started getting margin calls on the short side, so you know, things can just go awry on both sides and all of a sudden, you know you just can't keep in this trade. Then there's a mass exit. That's the way that there's a problem when everyone's running on the same way, right and no one can get out. And remember Mike, in twenty twenty, we had people saying, hey, I had a good trade, I couldn't even get out of that because there's just no liquidity, right. Well, that's what I wanted to ask. Don't we want it to be a little bit of a sleepy market that you know, foreign central banks and the Fed and others you know, use and can count on to be kind of trade a certain way. I mean, don't we to some extent they need to care about the composition of buyers or are we just glad that there are buyers in this market. We do care about the composition for sure, and obviously, like just to give perspective, So those big traditional buyers, including the FED, commercial banks, foreign buyers used to count for seventy five percent of the ownership of the treasury market. That number now is fifty five percent. So this is a very big drop. And speaking to different experts who've been following this for a year, a lot of people saying that in a case where there's a little like a slightly bigger shock, probably there will be very sharp moves, and the market is more fragile to those moves that and it was in the past because obviously hedge funds are a big part. They're very price sensitive, but mutual are also growing fast, pension funds are growing fast. They're not necessarily moving as fast as hedge funds obviously, but are sensitive to macro events. So all those different participants are a lot more likely to react on who knows the next banking news or oil prices or any of those little things. But hedge funds have always been a part of this market, right, it is now there a bigger part we know, percentage wise. Yeah, they have tripled in the past year. So currently they own two point three trillion, which is close to ten percent of the treasury market. Which makes me wonder if he gets sleepy again, Mike, do they just run in the other direction right to make money? Yeah, and it makes me You know, the dirty word in macroland is are you a tourist in this market? Yeah? Are you really a macro fund who's used to this trade and knows what to do? Or are you taking riskue you're an equity manager, you know. I've seen a few headlines out this week Bill Ackman with shortening treasuries, he's changed his mind. He's now covering that shere Stan, Truck and Miller are a very wealth known hedge fund manager used to work with George Sourez without saying he's very bullish treasuries. So is that at least the tourist sort of mentality. Does it seem like the consensus is we've seen the peak and yields, it's now time to back up the truck and start going along the treasury market? Do you think? I think the peak is for sure, very important, but it's also very important that for a very long time it was the direction of trouble was very sure. And obviously like the Fed is likely to continue rowing off its bounce sheet, so them being a smaller portion of it guarantees more volatility, whether those traits are whether short bonds will still be a successful trade. Obviously this is this is going back to the debate where we've seen the peak, but the fact that they're more say realty value trades or or you know, basis traits or things where you can exploit that volatility stace. No matter whether we've reached dot peakids I wonder too, Liz, come on back in. I mean what you make for someoney who's also followed this, you know for a long time in terms of the bond market and treasury trade to see a greater role of hedge funds. I do wonder, listen. They love volatility, right, they want things to move. That's how you make money and quickly for investors. But I do wonder does that potentially, you know, or could it spell trouble? We always talk about right, these changing rate environments, and you know, as the tide goes out, like we get to see all the problems and we you know, could it create some kind of crisis many or otherwise in the future. Well, I have to say, and I wouldn't be doing a good service. And maybe Treasury Department will still talk to me if I do mention that. John Josh Frost, to the Treasury Department Assistant Secretary for Financial Markets, said publicly in a press conference. Listen, we still have a very diverse buyer base. We're not lying on any one type of investor or group of investors. So they're saying, hey, we're doing fine. But to your point, Carol, I think that is why regulators worry like they're zoning in on leverage of things, but you don't want a massive positioning and with one group of investors, who if they go the other way, you just create this groundswell of movement and they take everyone else out in the process. So I think that's the risk when any trade gets too big, especially when it's leveraged, that's a problem. But like I said, Treasury saying, we're okay, we're looking at all this, but we still have enough folks that want to buy our stuff that we're not concerned. But like, who knows well to see what happens for now? How? Yeah? Yeah, Well, let's I wonder you know that that expression crowded trade comes to mind with a story like this. I mean, is there enough diversity in sort of the trades going on or is there a risk of crowding in certain trades, especially you know when you look at how the yield curve is really steepened pretty aggressively in the last couple month, you know, is that potentially a crowded trade or you know, are there any pockets of crowded trades we should think about in this market right now? Well? I would say I think the biggest one is the basis, even though some people argue there's reasons it's not as big, But I keep saying, like Denisa says, it's this debate have yields peaked and that I think people keep getting burned, you know. I mean, we've seen a massive fall today, but that yields have peaked, let me just load up, bring up the truck and buy them, and then yields go up again. And so I think that's where the risk is that people are trying to just can't seem to time this market right, you know. So that's creating the extra volatility, not just from the hedge funds but just regular macro funds, et cetera, thinking it's time now. Maybe they're okay in the long run because this will come back. But I think that's the risk that people just can't seem to get a clarity for sure where rates are going. Yeah, right, exactly. The crystal ball is really muddy right now, Deniza. Just to bring it back to how you guys kick off this story the founder of long Tail Alpha and talking to him, does it feel like it's a trade he plans to be in for a long time or is it something he's like, Yeah, this is maybe a one or two your thing or I don't know. Yeah, I think this is not including the story. But he actually said that probably the best time for this trade is yet to come. As cliche as that is, but this is something we've also heard. We talked to people, of course, I mean, what else could he say, But we also talk to people like who are selling trading algorithms and who very you know, have a very good perception where the basis trade is growing, and they're saying that in the past three months they've seen the most demand they've seen for these type of things, and obviously they have interest in saying that this will continue to be strong. But this is this is a thing we're saying. So for sure, there are numerous players in this space that are saying that as long as there is uncertainty of peakios, as long as the FED is rowing off his bounce sheets, as long as we see that volatility, uh, there may be more appetite for those things. Feels like we could see some more volatility, guys. Thank you so much. Bloomberg News process that reporter Deniza Zakova along with Bloomberg News, she correspondent for Global Macro Markets Liz McCormick. This story in the new upcoming issue of Bloomberg Business Week, on newstands tomorrow, already on the Bloomberg and already online at Bloomberg dot Com. I'm brother Marco, the journal. Now about you. Let me drive? No no, no no, no, please going to drive, honey, please, I'll do the gravels. Let's wat I want to try it. It's good question that try. This is the drive to the clothes dot com tek we'll buy around fold it on Bloomberg Radio and a very good afternoon, everybody. Welcome to Bloomberg Business Week live in our Bloomberg Interactive Broker studio, streaming on YouTube than Bloomberg Originals. It is a FED Wednesday, as you've been listening on TV and across Bloomberg channels. FED Wednesday, the first day of November, and the FED holding rates at a twenty two year high for a second straight meeting, and the FED Chief Jay Powell asking should we be hiking more? Which I feel like sets the tone. I'm Carol Masser. Tim Stanovec is off today and with us as Bloomberg's Mike Reagan, and I do feel like Mike. There was a lot of things where they He kind of continued to remind us that inflation is still elevated, and I feel like they might not be done yet. Yeah, I mean, and I don't think he said anything too new today really changed the outlook for interest rates at all. But we do have this really wild rally in the stock and the bond market right now, So I wonder you know how much of that is sort of people caught on the short end, short selling both stocks and bonds before this and now having to cover. I'm not one hundred percent convinced you can trust this as sort of the markets interpretation of what he's saying. Right you think about how they were positioning ahead of all of this and thinking it was going to be a lot more negga, Yeah, and so often, you know, we see these reactions in the market the day of a FED press conference and then wake up the next morning and wait a minute, everyone, wait twenty four hour cycle that hasn't happened before this year. It's a really good point. But we are seeing equities hold and it's pretty broad based buying. Let's get back to the markets. It is a FED Wednesday. Stocks are ralling. We've seen yields back off, and lucky for us on our drive to the close on this FED Wednesday is Amanda Gotti. She's chief investment officer at P and C Asset Management, joining us once again out there on zoom in Philadelphia. Amanda, there's a rally underway in stocks. Yields have backed off. I think Mike makes a great point that maybe some investors were caught off guard expecting a much more negative tone or negative description statement whatever from the Federal Reserve. Do you discount the trade today? Oh? Absolutely, I discount the trade. I mean, there's no question that sentiment has been pretty lousy in the last you know, four to six weeks. Yields of move rapidly higher. We think very crowded positioning at one end. So there's a scurrying around that's happening here into the close today to reposition. But I'm not sure that we learned a lot of new information. I mean, I think it's hard for me to say that Powell had his hawk costume on for Halloween. Maybe it was a little bit lighter of a tone than he has been recently. But the door is still very much open for additional tighter policy from here. So we think this rally is going to be short lived. And I know you're in Philadelphia, and I think we should make a deal not to discuss the Phillies at all during this interview. Thank you, I appreciate that. Yeah, yeah, me too. But I wonder, as October, for all the wrong reasons, I was in a hotel with the Arizona team when they lost. Uh yeah, am I wrong? Well they lost, they lost a few games in Philly, but they ended up winning the series. Hey, we're not going to talk about it, Carol, all right, Okay, still too soon now, I mean, you know, we're going to talk later in the show about sort of this wild year of volatility in the bond market. And I wonder, just as a professional in these markets, what's it like coming in every day and seeing these wild moves in the treasury market, you know, this market we were so accustomed to being quiet and sort of boring, you know, And what do you think is needed to calm it down? Well, it's a great question. It's almost an unanswerable one at the moment here. I think as investors we've been conditioned to a hashtag high volatility regime for quite some time now. I mean, think about the last three years of unprecedented challenges and return negative returns in the bond market, so we're starting to get conditioned to this. But I think at the end of the day, it's all a function of this unprecedented policy accommodation that came in at the onset of the pandemic and now this unprecedented unwinding. At the end of the day, it's just going to take a lot longer. I keep saying longer for longer. It's not higher for longer, it's longer for longer. Everything about this is just going to take longer to normalize than what investors would like. And I think it's, you know, again, kind of just hammering the same thing that I feel like Mike and I kind of agree in terms of what we got from Japwell, the risks of doing too little. They're worried about that, even though he's stressed right out of the gate, we've got a dual mandate and that eventually maybe some of this will start to work its way into the labor side of the equation. The risks of doing too little is certainly I feel like top of mind for him, absolutely, and we agree with that that's why we continue to think that the door is potentially open for some tighter policy ahead. I think the key question is whether the market has done the Fed's job for it or not. And he even acknowledged that a little bit that with the I think the market has done enough of the job for the FED at this point. I think it's done enough at the moment. I mean, think about the you know, one hundred bases points that we've seen a move here in the longer term portion of the curve. It's been a very violent move, no matter how you slice and dice it. And so I think for now we're definitely in sufficiently restrictive territory. But there's still plenty of ammo from an economic data perspective to go further here. Economic growth continues to come in pretty strong. Ism report today gave a very polar opposite story here, but US consumer is still very strong, inflation not to the long term target, So I think there is room. I think we just need to, as Pale said, let some of the lagged effects of this policy work its way through here. But we are definitely in restrictive territory for sure. Yo. I meta one of the themes this year is the yield curve, you know, the difference between yields on shorter term debt and longer term debt. And we've been living with this inverted curve for a long time where the shorter maturity debt is yielding more than the longer maturity debt. We have seen this very aggressive steepening in the last few months, and you had a really interesting point in your note to us talking about that steepening of the curve, and it's a very unique thing that's happening, this bear steepening of the curve while it's inverted. What's the takeaway from that, Well, I think it's an interesting dynamic because we of course have this inverted yield curve, it's been consistently inverted for the better part of a year plus, but we're also having this bear steepening phenomenon. And usually when you see that start to come into the equation, it's like, oh, here's the signal for something's going to crack in the backdrop. But it's actually only happened once in the last fifty years where we've had both of these dynamics in play that you don't usually see them together, and so the one time that we have in history was right before the nineteen sixty nine nineteen seventy recession began. And so one data point does not make a trend. It's not a perfect guide or predictor for what's to come next. But we do think the net effect is just a lot of pressure on high valuation stocks and the long end of the curve too. All right, we've got to run. Hey, listen, Amanda, Thank you so much, so appreciate. Amanda A. Gotti of URPNC. This is the Bloomberg Business Week podcast, available on Apple, Spotify, and anywhere else you get your podcast. Listen live weekday afternoons from three to six Eastern on Bloomberg dot com, the iHeartRadio app, tune In, and the Bloomberg Business App. You can also watch us live every weekday on YouTube and always on the Bloomberg journaloneSee omnystudio.com/listener for privacy information.
GDP Script/ Top Stories for Oct 8th Publish Date: Oct 7th From the Henssler Financial Studio Welcome to the Gwinnett Daily Post Podcast. Today is Sunday, October 8th and happy birthday to author R.L. Stine. ****Goosebumps Theme**** I'm Bruce Jenkins and here are your top stories presented by Peggy Slappy Properties. University system will not intervene in Georgia Gwinnett College 'no confidence' matter, Chancellor Sonny Perdue wants both sides to continue talks Gwinnett schools grappling with a rise in 'chronic absenteeism' Gwinnett police working to identify suspect accused of breaking into urgent care All of this and more is coming up on the Gwinnett Daily Post podcast, and if you are looking for community news, we encourage you to listen daily and subscribe! Break 1: Peggy Slappy Story 1: University system will not intervene in Georgia Gwinnett College 'no confidence' matter University System of Georgia Chancellor Sonny Perdue has declined to intervene in the dispute between Georgia Gwinnett College President Jann Joseph and the college's Faculty Senate, which is on track for a no-confidence vote in November. Instead, Perdue is urging both parties to resolve the matter through conversation. The Faculty Senate had asked the university system to mediate the dispute, but Perdue and USG Chief Academic Officer Ashwani Monga rejected that request, stating that discussions should be directly between the Faculty Senate and GGC leadership. A no-confidence vote would signal dissatisfaction with the administration but doesn't have the power to remove Joseph from her position..........…..read more at gwinnettdailypost.com STORY 2: GCPS School Absenteeism Gwinnett County Public Schools has reported a doubling of chronic absenteeism across the district since the COVID-19 pandemic began. Chronic absenteeism is defined as a student missing 10% of enrolled school days during the year, regardless of whether the absences are excused or not. GCPS officials see it as a significant challenge to student performance and noted that students who are chronically absent perform significantly below their peers who regularly attend school. While chronic absenteeism is highest in high schools, Gwinnett's elementary schools also see high levels, particularly among kindergartners. Demographically, Hispanic students have the highest percentage of chronic absences, followed by American Indian, multiracial, Black, White, and Asian students. GCPS is implementing a multi-tiered approach to address chronic absenteeism, including preventative measures and awareness campaigns. STORY 3: Gwinnett police working to identify suspect accused of breaking into urgent care Gwinnett County police are searching for a suspect who burglarized an urgent care facility and a neighboring business in Duluth. The break-ins occurred on September 28, with the suspect entering North Georgia Urgent Care and a nearby business, stealing approximately $7,200. The suspect, described as a black male wearing a gray hoodie and black sweatpants, remains at large. Authorities are urging anyone with information to contact detectives at 770-513-5300 or report tips anonymously to Crime Stoppers at 404-577-8477. A cash reward is being offered for information leading to an arrest and indictment. Tips can also be submitted at stop crime ATL dot com We have opportunities for sponsors to get great engagement on these shows. Call 770.874.3200 for more info. We'll be right back Break 2: MOG – TOM WAGES OBITS – CUMMING FAIR STORY 4: Hull Middle School special education teacher earns national recognition Celia Ayenesazan, a special education teacher at Hull Middle School, has been recognized as an EcoRise Teacher Ambassador for her dedication to sustainability education. The EcoRise Teacher Ambassador title is awarded to experienced leaders in sustainability education who demonstrate a strong commitment to elevating youth voices, expanding educational programs, advancing systems change, and promoting climate justice. In this role, Ayenesazan will provide support to teachers in Gwinnett County Public Schools, particularly within the Gwinnett Green and Healthy Schools program, encouraging students to address local environmental and social issues through advocacy, design thinking, and change-making. She plans to continue her work started at Radloff Middle School, where students repurposed leather seat covers from Southwest Airlines, saving 150 pounds of leather waste from landfills. STORY 5: GA Power CEO Joins Rowen Foundation Kim Greene, the Chairwoman, President, and CEO of Georgia Power, has joined the board of the Rowen Foundation. With her leadership role at Georgia Power, Greene brings a strong commitment to emerging technologies, innovation, and STEM-related education to the foundation. In addition to her role at Georgia Power, she serves as a director for Valero Energy Corporation and the Metro Atlanta Chamber. Greene is also on the board of trustees for the Morehouse School of Medicine and the Georgia Research Alliance and is a member of Atlanta Rotary. She has received various awards and honors, including being named one of Atlanta's Most Admired CEOs by the Atlanta Business Chronicle and induction into the State of Alabama Engineering Hall of Fame. We'll be back in a moment Break 3: ESOG – INGLES 8 STORY 6: 'Duluth is our home' — ACGO CEO enjoys hometown feel as he leads Fortune 500 company AGCO Corporation, a Fortune 500 agricultural machinery company, participated in Duluth's annual Fall Festival parade. The company's headquarters in Duluth, Georgia, employs 735 people and oversees its global operations. AGCO has a significant presence worldwide, with offices on six continents, 26,000 employees, and substantial annual revenue. The company manufactures farm machinery, grain bins, and farming technology, with a focus on enhancing efficiency and sustainability. Despite its global reach, AGCO maintains strong ties to its Duluth home. The recent completion of a $2 billion deal with Trimble further solidifies the company's position in the industry. AGCO's CEO, Eric Hansotia, has a deep connection to farming, having grown up on a dairy farm in Wisconsin. STORY 7: Chefs to show off Big Green Egg skills Saturday at Gwinnett's Coolray Field Big Green Egg, known for its premier outdoor cooking system, is hosting the 26th annual EGGtoberfest at Coolray Field in Lawrenceville, Atlanta. This event showcases live-fire cooking with professional chefs demonstrating the versatility of Big Green Egg. Started as a way to thank loyal customers, EGGtoberfest has grown into a family-friendly weekend with over 200 EGGs cooking a wide range of dishes. Tickets cost $75 and include live-fired food, a T-shirt, swag bag, beverages, cooking demos, and more. Additionally, a BBQ throwdown is held on Friday for $50. EGGs used during the event are sold afterward, giving attendees a chance to purchase a freshly used grill. For details, visit EGG Toberfest dot com We'll have final thoughts after this. Break 4: Henssler 60 Thanks again for hanging out with us on today's Gwinnett Daily Post podcast. If you enjoy these shows, we encourage you to check out our other offerings, like the Cherokee Tribune Ledger Podcast, the Marietta Daily Journal, the Community Podcast for Rockdale Newton and Morgan Counties, or the Paulding County News Podcast. Read more about all our stories, and get other great content at Gwinnettdailypost.com. Did you know over 50% of Americans listen to podcasts weekly? Giving you important news about our community and telling great stories are what we do. Make sure you join us for our next episode and be sure to share this podcast on social media with your friends and family. 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Tom and Ben discussed CarMax, AGCO, the bond market, Micron earnings, and lots more. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure
The Dow fell, snapping a 13-day win streak, and Jim Cramer is digging into what today's downturn means for the bull market. First, Otis hit a new 52-week high after earnings - Cramer's going one-on-one with CEO Judy Marks to see if the stock can keep moving higher. Then, how are the war in Ukraine and climate change impacting global food supply? Cramer's asking AGCO CEO Eric Hansotia. Plus, Meta rallied after earnings - Cramer's giving you his take on the quarter. Mad Money Disclaimer
Your first swing at a rodeo will differ from your first swing at a jackpot. In this bonus Roping.com tips episode of The Short Score, Nick Sartain explains the difference between his jackpot and rodeo swings. About Nick SartainSartain is a six-time NFR header and the 2009 world champion and NFR average title winner who has a ProRodeo record that speaks for itself. But, in 2018 and 2019, Sartain heeled for more than $250,000 in earnings at the Ariat World Series of Team Roping Finale, the bulk of which came from winning the Ariat #12 in 2018 with Bob Freeman to earn $272,000 for the team. In the Yeti #13 that year, he and Mike Row placed third for a team total of $127,000 and, when he returned in 2019, he placed second with Glen Crane in the AGCO #14.5, worth $136,000.Become a Better Roper:Roping.com is the online training resource for team ropers. In addition to thousands of videos and exclusive roping films in your back pocket, members get private access to World Champion coaches like Jake Barnes, Matt Sherwood, 26-time World Champion Trevor Brazile, and more every day. Take advantage of step-by-step tutorials, run critiques, private members-only Facebook group, live video demos and other benefits. Join now for only $29.95/month.
The major averages posted losses but ultimately finished higher on the week and Jim Cramer is eyeing how the debt ceiling is impacting the market. First, Cramer's giving you his Game Plan for next week's action as the all-important debt ceiling deadline draws closer. Then, Cramer's going granular on grain - he's talking to Agco CEO Eric Hansotia on the state of the agriculture industry. Plus, Cramer lays out his bull case for Charles Schwab as the banking crisis continues to bring down the financials. Mad Money Disclaimer
Jack talks with farmers about a runup in land prices, healthy crop margins, and the ag-tech revolution. Agco's CEO weighs in. Learn more about your ad choices. Visit megaphone.fm/adchoices
The major averages all ended the day in the red, with the Nasdaq posting the largest loss of more than 1%m and Jim Cramer is diving deeper into the market action. First, Cramer's talking to AGCO CEO Eric Hansotia about the agriculture sector's strength amid rising costs. Next, Cramer goes one-on-one with Commerce Secretary Gina Raimondo about the Biden Administration's top priorities, the labor market and U.S. manufacturing. Plus, Cramer breaks down Mattel's disappointing fourth quarter results with CEO Ynon Kreiz. Mad Money Disclaimer