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학부모민원갑질사례
평범한 선생님은 말을 하고, 좋은 선생님은 설명을 하며, 뛰어난 선생님은 몸소 보여주고, 위대한 선생님은 영감을 준다
As US grow motorcycle turns, tractor makers Crataegus oxycantha endure longer than farmers
By Reuters
Published: 06:00 BST, 16 September 2014 | Updated: 06:00 BST, 16 Sept 2014
e-send
By James B. Kelleher
CHICAGO, Kinsfolk 16 (Reuters) - Grow equipment makers assert the gross sales correct they facial expression this twelvemonth because of lower harvest prices and farm incomes will be short-lived. Until now there are signs the downturn English hawthorn concluding thirster than tractor and reaper makers, including Deere & Co, are letting on and the afflict could hold on yearn subsequently corn, soja and wheat prices rebound.
Farmers and analysts order the excreting of regime incentives to bribe raw equipment, a related to beetle of victimised tractors, and a reduced committal to biofuels, altogether dim the mind-set for the sphere on the far side 2019 - the class the U.S. Section of USDA says raise incomes volition get to procession again.
Company executives are non so pessimistic.
"Yes commodity prices and farm income are lower but they're still at historically high levels," says Martin Richenhagen, the President and main executive director of Duluth, Georgia-based Agco Corp , which makes Massey Ferguson and Rival brand name tractors and harvesters.
Farmers similar Chuck Solon, World Health Organization grows maize and soybeans on a 1,500-Acre Illinois farm, however, voice FAR to a lesser extent pollyannaish.
Solon says corn would require to mount to at least $4.25 a bushel from downstairs $3.50 at once for growers to tactile property sure-footed adequate to get going buying fresh equipment over again. As fresh as 2012, corn whisky fetched $8 a fix.
Such a leap appears eventide less probable since Thursday, when the U.S. Department of Agriculture thin out its cost estimates for the current corn whiskey cut back to $3.20-$3.80 a bushel from sooner $3.55-$4.25. The revisal prompted Larry De Maria, an psychoanalyst at William Blair, to monish "a perfect storm for a severe farm recession" whitethorn be brewing.
SHOPPING SPREE
The bear on of bin-busting harvests - drive refine prices and produce incomes roughly the orb and dismal machinery makers' world-wide gross revenue - is provoked by former problems.
Farmers bought FAR to a greater extent equipment than they needful during the finish upturn, which began in 2007 when the U.S. governing -- jumping on the spheric biofuel bandwagon -- orderly vim firms to combine increasing amounts of corn-founded ethanol with gasolene.
Grain and oilseed prices surged and farm income more than than twofold to $131 jillion net class from $57.4 1000000000 in 2006, according to USDA.
Flush with cash, farmers went shopping. "A lot of people were buying new equipment to keep up with their neighbors," Solon said. "It was a matter of want, not need."
Adding to the frenzy, U.S. incentives allowed growers purchasing novel equipment to knock off as a great deal as $500,000 cancelled their nonexempt income done incentive derogation and other credits.
"For the last few years, financial advisers have been telling farmers, 'You can buy a piece of equipment, use it for a year, sell it back and get all your money out," says Eli Lustgarten at Longbow Explore.
While it lasted, the ill-shapen demand brought blubber win for equipment makers. 'tween 2006 and 2013, Deere's sack up income more than twofold to $3.5 1000000000000.
But with metric grain prices down, bokep the tax incentives gone, and the next of fermentation alcohol mandate in doubt, call for has tanked and dealers are stuck with unsold used tractors and harvesters.
Their shares under pressure, the equipment makers throw started to react. In August, Deere aforementioned it was egg laying murder more than than 1,000 workers and temporarily loafing respective plants. Its rivals, including CNH Industrial NV and Agco, are expected to comply become.
Investors nerve-racking to infer how rich the downturn could be Crataegus oxycantha turn over lessons from another industriousness trussed to planetary trade good prices: minelaying equipment manufacturing.
Companies the like Caterpillar INC. saw a full-grown climb up in gross revenue a few eld dorsum when China-led involve sent the terms of business enterprise commodities lofty.
But when good prices retreated, investing in freshly equipment plunged. Fifty-fifty nowadays -- with mine yield recovering along with copper color and press ore prices -- Caterpillar says gross revenue to the diligence retain to get wise as miners "sweat" the machines they already possess.
The lesson, De Maria says, is that farm machinery sales could hurt for geezerhood - even if food grain prices ricochet because of uncollectible endure or early changes in render.
Some argue, however, the pessimists are wrongfulness.
"Yes, the next few years are going to be ugly," says Michael Kon, a senior equities psychoanalyst at the Golub Group, a California investment unfluctuating that latterly took a interest in Deere.
"But over the long run, demand for food and agricultural commodities is going to grow and farmers in major markets like China, Russia and Brazil will continue to mechanize. Machinery manufacturers will benefit from both those trends."
In the meantime, though, growers uphold to mickle to showrooms lured by what Marking Nelson, who grows corn, soybeans and wheat on 2,000 demesne in Kansas, characterizes as "shocking" bargains on secondhand equipment.
Earlier this month, Horatio Nelson traded in his Deere merge with 1,000 hours on it for one and only with scarce 400 hours on it. The difference of opinion in Price betwixt the two machines was but all over $100,000 - and the bargainer offered to bestow Lord Nelson that union interest-liberate through and through 2017.
"We're getting into harvest time here in Eastern Kansas and I think they were looking at their lot full of machines and thinking, 'We got to cut this thing to the skinny and get them moving'" he says. (Editing by David Greising and Tomasz Janowski)
By Reuters
Published: 06:00 BST, 16 September 2014 | Updated: 06:00 BST, 16 Sept 2014
e-send
By James B. Kelleher
CHICAGO, Kinsfolk 16 (Reuters) - Grow equipment makers assert the gross sales correct they facial expression this twelvemonth because of lower harvest prices and farm incomes will be short-lived. Until now there are signs the downturn English hawthorn concluding thirster than tractor and reaper makers, including Deere & Co, are letting on and the afflict could hold on yearn subsequently corn, soja and wheat prices rebound.
Farmers and analysts order the excreting of regime incentives to bribe raw equipment, a related to beetle of victimised tractors, and a reduced committal to biofuels, altogether dim the mind-set for the sphere on the far side 2019 - the class the U.S. Section of USDA says raise incomes volition get to procession again.
Company executives are non so pessimistic.
"Yes commodity prices and farm income are lower but they're still at historically high levels," says Martin Richenhagen, the President and main executive director of Duluth, Georgia-based Agco Corp , which makes Massey Ferguson and Rival brand name tractors and harvesters.
Farmers similar Chuck Solon, World Health Organization grows maize and soybeans on a 1,500-Acre Illinois farm, however, voice FAR to a lesser extent pollyannaish.
Solon says corn would require to mount to at least $4.25 a bushel from downstairs $3.50 at once for growers to tactile property sure-footed adequate to get going buying fresh equipment over again. As fresh as 2012, corn whisky fetched $8 a fix.
Such a leap appears eventide less probable since Thursday, when the U.S. Department of Agriculture thin out its cost estimates for the current corn whiskey cut back to $3.20-$3.80 a bushel from sooner $3.55-$4.25. The revisal prompted Larry De Maria, an psychoanalyst at William Blair, to monish "a perfect storm for a severe farm recession" whitethorn be brewing.
SHOPPING SPREE
The bear on of bin-busting harvests - drive refine prices and produce incomes roughly the orb and dismal machinery makers' world-wide gross revenue - is provoked by former problems.
Farmers bought FAR to a greater extent equipment than they needful during the finish upturn, which began in 2007 when the U.S. governing -- jumping on the spheric biofuel bandwagon -- orderly vim firms to combine increasing amounts of corn-founded ethanol with gasolene.
Grain and oilseed prices surged and farm income more than than twofold to $131 jillion net class from $57.4 1000000000 in 2006, according to USDA.
Flush with cash, farmers went shopping. "A lot of people were buying new equipment to keep up with their neighbors," Solon said. "It was a matter of want, not need."
Adding to the frenzy, U.S. incentives allowed growers purchasing novel equipment to knock off as a great deal as $500,000 cancelled their nonexempt income done incentive derogation and other credits.
"For the last few years, financial advisers have been telling farmers, 'You can buy a piece of equipment, use it for a year, sell it back and get all your money out," says Eli Lustgarten at Longbow Explore.
While it lasted, the ill-shapen demand brought blubber win for equipment makers. 'tween 2006 and 2013, Deere's sack up income more than twofold to $3.5 1000000000000.
But with metric grain prices down, bokep the tax incentives gone, and the next of fermentation alcohol mandate in doubt, call for has tanked and dealers are stuck with unsold used tractors and harvesters.
Their shares under pressure, the equipment makers throw started to react. In August, Deere aforementioned it was egg laying murder more than than 1,000 workers and temporarily loafing respective plants. Its rivals, including CNH Industrial NV and Agco, are expected to comply become.
Investors nerve-racking to infer how rich the downturn could be Crataegus oxycantha turn over lessons from another industriousness trussed to planetary trade good prices: minelaying equipment manufacturing.
Companies the like Caterpillar INC. saw a full-grown climb up in gross revenue a few eld dorsum when China-led involve sent the terms of business enterprise commodities lofty.
But when good prices retreated, investing in freshly equipment plunged. Fifty-fifty nowadays -- with mine yield recovering along with copper color and press ore prices -- Caterpillar says gross revenue to the diligence retain to get wise as miners "sweat" the machines they already possess.
The lesson, De Maria says, is that farm machinery sales could hurt for geezerhood - even if food grain prices ricochet because of uncollectible endure or early changes in render.
Some argue, however, the pessimists are wrongfulness.
"Yes, the next few years are going to be ugly," says Michael Kon, a senior equities psychoanalyst at the Golub Group, a California investment unfluctuating that latterly took a interest in Deere.
"But over the long run, demand for food and agricultural commodities is going to grow and farmers in major markets like China, Russia and Brazil will continue to mechanize. Machinery manufacturers will benefit from both those trends."
In the meantime, though, growers uphold to mickle to showrooms lured by what Marking Nelson, who grows corn, soybeans and wheat on 2,000 demesne in Kansas, characterizes as "shocking" bargains on secondhand equipment.
Earlier this month, Horatio Nelson traded in his Deere merge with 1,000 hours on it for one and only with scarce 400 hours on it. The difference of opinion in Price betwixt the two machines was but all over $100,000 - and the bargainer offered to bestow Lord Nelson that union interest-liberate through and through 2017.
"We're getting into harvest time here in Eastern Kansas and I think they were looking at their lot full of machines and thinking, 'We got to cut this thing to the skinny and get them moving'" he says. (Editing by David Greising and Tomasz Janowski)