BofA-Machinery, E C and Waste Today：Farmer sentiment channel check-tariff implications...-20250603

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Please join us for a call with James Mintert, Director of Purdue University’s Center ofCommercial Agriculture, to discuss the most updated results (May) of the Ag EconomyBarometer. This conference call will be held today at 11am ET. The Ag EconomyBarometer is a reading of farmer sentiment within the US. US farmer sentimentimproved post-election. We expect a lively discussion around farmer sentimentfollowing tariff headlines, some retreat in soft commodity prices, higher rates,constrained farmer net income and implications for new equipment purchases. We lookto May data to provide further insights in order trends for 2026 at a critical time post-election. The call will be highly relevant for names across our farm Machinery coverage(Deere, CNH Industrial, AGCO).