Farms.com Home   Ag Industry News

$100k donation boosts education in Dallas community

By: Farms.com  

During its 2024 annual conference in Dallas, the North American Equipment Dealers Association (NAEDA) achieved a significant milestone by fundraising nearly $100,000.  

This effort supports the Equipment Dealers Foundation (EDF) and Canada Equipment Dealers Foundation (CEDF), which are at the forefront of educational and workforce initiatives in agriculture. 

The conference featured a live auction with items donated by NAEDA’s industry partners, demonstrating the power of collaboration and the shared goal of advancing the industry.  

Brad Hershey, NAEDA's Chair, celebrated the successful event, noting how the raised funds will help tackle some of the most pressing challenges, including the urgent need for more skilled mechanics and improved workforce development strategies within dealerships. 

These foundations have been instrumental in providing scholarships, funding for technical training facilities, and programs that encourage young people to pursue careers in agriculture. Their work has contributed nearly $4 million to these causes, significantly impacting the sector's future. 

The event’s success was made possible by the generous contributions of partners such as Ritchie Bros, Federated Mutual Insurance, Federated Canada, Seigfreid Bingham, and Kohler.  

Their support, alongside the funds raised through annual activities like clay shoots and golf tournaments, continues to bolster the agricultural community by developing skilled professionals ready to lead the industry forward. 


Trending Video

Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.