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While this will certainly benefit us as we move forward, we are somewhat concerned by the effect this is having on some of our production lead times.This is being partially addressed by our ongoing operational improvement initiatives, which we are accelerating and will result in an increased level of capital expenditures in 2018 compared to the averages in recent years. Should this topic be of interest to you, and you are unable to attend the live webinar, one on one demonstrations can be scheduled at Headlining presenters for the 2018 conference include microbiologist Ben Elliott, who will explore soil biology during his session, “Stimulating & Strengthening the Biological Power of Your Strip-Tilled Soils.” Harold van Es, professor of soil science and Chair of the Department of Crop and Soil Sciences at Cornell University will lead a session, “What Have We Learned About How Tillage Systems & Cover Crops Affect Soil Health?

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We feel well positioned to see continued growth in both sales and operating income in 2018, although, at more modest rates than achieved in 2017.

(Blu-Jet), Topcon Agriculture, Vulcan Equipment and Yetter Mfg.

The Company's Agricultural Division recorded net sales of .5 million in the fourth quarter of 2017 compared to .9 million in the fourth quarter of the prior year, an increase of 15.5%.

Certainly, in 2017 we benefited from fairly low inflation in both labor and purchased components used in our production.

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We feel in 2018 we will experience moderate inflation as labor availability tightens and our commodity costs of items such as steel and energy have been rising, but as long as these increases remain reasonable, it should not have a material impact on our results.

Additional discounts are available for group attendance.