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Kim Schmidt

Share Ideas … If Everyone’s Better at it, Everyone Wins

Used equipment is the elephant in the room. However, our August Dealer Sentiments & Business Conditions Update revealed a slight improvement, with fewer dealers saying their used equipment inventory was too high compared to the previous month. One dealer responding to the survey says, “Sitting on too much used inventory at unrealistic market prices has kept us very conservative when looking at new sales with trade-ins on high dollar items. Read More

Number of Big Canadian Dealers Grows Over Past 4 Years

In 2011, the Big Dealer Report showed 22 Canadian dealers with 5 or more locations. These 22 dealer groups accounted for a total of 206 farm equipment dealerships in Canada with 234 total locations. Read More

Improving Crop Cash Receipts Outlook Bodes Well for Ag Equipment Sales

While net farm income or net cash income is the deciding factor in farmers’ level of investment in capital goods, like ag equipment, crop and/or cash (includes livestock) receipts have proven to be the best ongoing indicator of farmers’ income, and thus future tractor sales. Read More

Creating an Effective Peer Review System

In an article for Harvard Business Review, Eric Mosley writes that formal, annual employee evaluations and rankings are giving way to more informal peer review systems.

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Bulk Spreader

Stoltzfus Spreaders Unveils New BMS-2020XL

Stoltzfus Spreaders debuted the new BMS-2020XL spreader Aug. 18-20 at Penn State University Ag Progress Days. The new spreader holds 20 tons of low-density materials and features a 700 cubic-foot hopper, 70 feet larger than comparable equipment. Read More

Dealing with Death at the Ownership Level

In 2012, Philip Lewis, the owner of Salem Farm Supply (Salem, N.Y), passed away. His daughter, Carole, had been working full time at the dealership for about a year. At the time of his passing, there wasn't a succession plan in place to dictate the future of the company. In this video, Carole, now president of Salem Farm Supply, shares the challenges they faced as they not only dealt with the loss of a loved one, but also had to work to resign manufacturer agreements with their suppliers. Read More

Feed Mixers Product Roundup 2015

Check out the latest Feed Mixers from some of the industry's leading suppliers. Read More

Albany Tractor Co. Changes Name to Flint Equipment Co., Opens New Store

The former Albany Tractor Co. becomes Flint Ag & Turf Monday with the opening of the company’s new dealership in Lee County, Ga. Read More

Townline Equipment Acquires Giddings Mfg.

Acquisition results in second location for this long-time Kubota dealership. Read More

On The Record: Rocky, Cervus Report Tough 2Q Results

In today’s newscast we look at one dealer’s outlook for the fourth quarter of 2015 and 2016, the latest earnings reports from Canadian dealers Rocky Mountain Equipment and Cervus Equipment Corp., how cash rents impact farmers’ equipment purchasing decisions and more. Read More

USDA Report Shows Increasing Internet Access on U.S. Farms

Seventy percent of U.S. farms and ranches now have access to internet, a 3 percent growth from 2013, according to the Computer Usage and Ownership report, released last week by the USDA's National Agricultural Statistics Service. Read More

Honda Power Equipment Announces Expanded Supply Partnership with Home Depot

The supply agreement targets seven Honda generator models in two different series. Beginning Sept. 1, the generators will be sold at Home Depot's top 300 U.S. PRO Desk locations. Read More

Deere Announces Third-Quarter Earnings of $512 Million

Sales from the Agriculture & Turf division fell 24% for the quarter and 25% for nine months due largely to lower shipment volumes and the unfavorable effects of currency translation. Read More

Raven Reports 28.5% Decline in 2Q 2016

Net sales for Applied Technology in the second quarter of 2016 were down 43.7% vs. the second quarter of 2015. Notably lower end-market demand conditions continue to impact the sales development of the division. Read More

Archbold Equipment Opens New Facility in Bowling Green, Ohio

The facility upgrade increases the shop, parts storage and showroom by more than three times the size of the previous dealership. The dealership has also added staff to enhance the customer experience. Read More

Trimble Names Darryl Matthews Senior Vice President

Trimble announced the appointment of Darryl R. Matthews as senior vice president and sector head responsible for Trimble's Agriculture, Forestry, Positioning Services and HarvestMark Divisions, effective Sept. 1, 2015. Read More

Geringhoff Acquires U.S. Distribution Partner

The Geringhoff Corp., headquartered in Ahlen, Germany, has acquired its North American distribution partner, Geringhoff Distribution LLC of St Cloud, Minn., previously owned by the Jandrisch family. Read More

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