A changing agribusiness sector
An ag retailer says as commodity prices soften and margins get tighter, the agribusiness sector is having to tighten its belt, too.
Doug Hemm with Ohio based K-Buildings -Elgin Service Center says farmers had a pretty good run of high commodity prices and increased farm incomes – and their buying practices reflected that.
But things are changing.
“For every high you definitely have a lower point that comes along with it,” he says. “And that’s where we’re at right now. There’s a lot of people walking through the trade show here but very few people are talking seriously about purchasing that ag storage building in 2016.”
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