Farm Equipment
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk to a Solectrac executive about the company's search for a new investor. In the Technology Corner, Noah Newman talks about the majors' growing presence in the precision retrofit market. Also in this episode, a new partnership between Great Plains and Montag, Canadian ag equipment sales forecast and John Deere's 2023 earnings.
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Farm Equipment Resources
Fundamentals for Dealers
Feeling overwhelmed?
Start with these information-packed articles hand-picked by our editors:
How Dealers Can Use ROI to Sell More than Farm Equipment
To successfully sell customers on ROI, determine the numbers that are important to them — hours saved, fuel savings, yield increases — and go from there.
8 Factors for Cultivating & Promoting a Professional Culture of Excellence
These facets are all tied closely to developing your dealership’s image, which in turn goes hand-in-hand with high customer satisfaction.
The Washout Cycle — A Better Way to Manage & Sell Used Equipment
Casey Seymour swears by this strategy for managing used — and new — inventory for the best cashflow.
How Leverage & Inventory Turnover Keep the Balance Sheet in Order
This executive shares his approach to teaching employees throughout the dealership the importance of leverage and turnover, the guard rails for keeping the balance sheet — and dealership — on track.
Thought Leaders
Merging an AGCO & a Shortline Dealer into a New Company
In this episode of Farm Equipment's Thought Leader Series, Associate Editor Ben Thorpe sits down with Parallel Ag President and CEO Shawn Skaggs.
The Thought Leaders video series is brought to you by Laforge.
Current Issue
Farm Equipment Magazine’s ‘Origin Story’
How to Use a Compensation Plan to Align the Sales Team with Dealership Goals
Looking Back on ‘A New-Era Contract’
Dealers on the Move
- Tellus Equipment Solutions Acquires Dealerships in Texas
- Belkorp Ag Acquires Deere Assets of Turf and Industrial
- Linder Industrial Machinery Acquires Cumberland Tractor
- United Ag & Turf Acquires Chad Little Outdoor Power Equipment
- Honnen Equipment Sells Stores to RDO & 4Rivers
Farm Equipment Videos
More Dealers Forecasting 2024 Wholegoods Revenues Declines than Increases
In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk about the 10-year trend for dealer wholegood revenue forecasts, Titan's third quarter earnings for fiscal year 2024 and the next steps for spray drone technology.
Solectrac Exec Talks Search for New Investor, Future of Electric Tractor Market
In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk to a Solectrac executive about the company's search for a new investor. In the Technology Corner, Noah Newman talks about the majors' growing presence in the precision retrofit market.
CNH Industrial Aims for Almost All In-House Precision Tech by 2025
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at CNH Industrial''s goals for in-house precision tech production. In the Technology Corner, Noah Newman shows us Mississippi State University's brand-new Agricultural Autonomy Institute. Also in this episode, grain prices and farmer purchases, dealers' capital spending plans and Kubota's third quarter earnings.
Farm Equipment’s Move from New Product Tabloid to ‘Real Magazine’ Part 1
One of the keys in Farm Equipment’s journey was the day it became a “real publication.” Up until the mid-1980s, it was largely a new products vehicle and was edited by Johnson Hill Press (JHP) workhorse Butch Horn, who was juggling 5 publications single-handedly.
Industry Insider
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Dealer Principal Turned DMS Provider Talks Tech & Customer Service
While many suppliers can trace its history to a farmer building a better piece of equipment, Sean McLaughlin’s career took a different, albeit parallel, path: an ag equipment dealer who built a better piece of technology.
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Precision Ag’s Multi-Front Blitz
Major M&A activity, investment in tech stacks & retrofit kits are securing the beachfront for a whole new era for ag production. -
How Private Equity Can Help Farm Equipment Dealers Grow
During a Feb. 28 Farm Equipment webinar in conjunction with Franchise Equity Partners, George Russell, a founding member of the Machinery Advisors Consortium (MAC), shared some options dealers have when it comes to private equity investment and how those options tie into what he calls the “second machine age dealer.”
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133 Right-to-Repair Concerns — Growers Get Loud
When farmers were asked in an exclusive Lessiter Media email survey what they thought of the current right-to-repair issues, they didn’t hold back in voicing their opinions, feelings, thought and ideas.
Columns & Opinions
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Working Through the Slowdown
The talk for much of 2023 largely centered around an expected downturn and not if, but when. Ag Equipment Intelligence’s Dealer Sentiments & Business Conditions Update has continued to show dealer optimism in negative territory in every month of 2023. -
The Escape to Find Your Team’s Effectiveness
Last summer, after a few years’ absence, I rejoined my weekly men’s group at church, getting back with a few friends I’d started with 10 years earlier. Like me, guys come in and out as life changes around them, while new faces appear, some of whom I’m still getting to know. -
Examining Ag Equipment Financing Trends in 2023
The agricultural sector is consistently among the top users of equipment finance, and agricultural equipment is among the top-financed asset types. -
Intelligent Highway Tech Raises Questions about Future of Autonomous Agriculture
Nationally-circulated columnist says the government’s EV push is a waste. Instead, the money should be spent on improved digital equipment in cars and on roads, points that affect the future of robotic farm equipment.
Dealership Job Postings
Now Hiring
Check out the latest industry job postings! Farm Equipment is your valuable resource for individuals seeking employment opportunities within the agricultural machinery and equipment sector, connecting job seekers with relevant positions in the industry.
Want to list a job posting? Learn more here and contact Logan Fitch today.
2023 Dealership Minds Summit
REGISTER FOR THE 2023 DEALERSHIP MINDS SUMMIT
Join top farm equipment dealerships from around North America on August 1-2, 2023 for 2-days of unrivaled learning and networking during the 2023 Dealership Minds Summit. No other event gives you a FOR DEALERS ONLY learning opportunity featuring targeted sessions that deliver the latest research, ideas and tools to help your dealership reach its top potential.
Top Directory Listings
Yetter Farm Equipment
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
Montag Mfg
Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
Finance Scope
Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.
BEST OF THE WEB
Editors' Picks for This Week
Farm Equipment editors encounter a variety of articles, social media posts, podcasts and videos that offer a unique look at various aspects of our great farm machinery industry. Here is our favorite content from the past week.
The Best of the Web This Week series is brought to you by CLEANFIX.
TRADES VALUES & TRENDS
Sprayer/High Clearance Values Guide
This month's equipment value guide highlights high clearance sparyers from Apache, Case IH, John Deere, Miller, New Holland and RoGator. All of the sprayers included in the selection are model year 2020 units and appeared in the Summer 2022 IronGuides issue.
Values shown in the tables listed here represent the most commonly equipped options with typical usage hours on equipment of this age. For more detailed values use IronGuides.com, an online appraisal tool for agricultural equipment that adjusts for your machine’s unique region, options and usage.
Farm Innovations Review
Dealer Product Showcase
This month's featured products geared towards equipment dealers.
Special Coverage
Farm Equipment Dealer 100™
The Farm Equipment Dealer 100™ (a ranking of the top 100 North American farm equipment dealers — by number of locations) provides information on total and ag stores, brands, geographies served, employees, history, executives and ownership/company profile information.
Compiled by the editors of Ag Equipment Intelligence and Farm Equipment in collaboration with Machinery Advisors Consortium (MAC), this new, interactive content is made possible through the support of Verge Ag.
Product Roundups
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Shortline Spotlight 2023
Check out the latest from some of the industry's leading shortline suppliers. -
Shortline Equipment Spotlight 2023
Check out the latest from some of the industry's leading shortline manufacturers. -
Vertical Tillage Product Roundup 2023
Check out the latest vertical-tillage products from some of the industry's leading suppliers.
Top Store Items
Big Shortline Report: A Listing of Specialty Ag Equipment Manufacturers (PFD)
This first-of-its-kind report, "The Big Shortline Report: A Listing of Specialty Ag Equipment Manufacturers" is the result of an exhaustive 2-year project by Ag Equipment Intelligence editors to aggregate the key business metrics of more than 120 shortline equipment manufacturers throughout the U.S.
How New Equipment Technologies are Reshaping Farming
For decades, farmers equated machine control with having two hands on the steering wheel, navigating their field on instinct and tradition. But the next generation of machine automation is imminent, offering the ag industry promising, yet unproven opportunities.
Brand Loyalty in the Farm Equipment Business (PDF)
Every three years since 2011, Ag Equipment Intelligence editors have extensively surveyed farmers across 12 states encompassing the Corn Belt (Illinois, Indiana, Iowa, Ohio, Missouri), Lake States (Michigan, Minnesota, Wisconsin) and Northern Plains (Kansas, Nebraska, North Dakota, South Dakota) regions of the U.S. to gauge the level of loyalty they hold toward equipment. The culmination of a nearly a decade-long study, Ag Equipment Intelligence has now combined this extensive primary research into an insightful, comprehensive and unique dealership management report, Brand Loyalty in the Farm Equipment Business.
2018 Big Dealer Report
Since 2009, the editors of Ag Equipment Intelligence in collaboration with the Machinery Advisors Consortium have compiled the annual "Big Dealer" Report to provide the ag equipment industry with a thorough, by-the-numbers analysis into the shifts in dealer ownership, along with insight into the implications these shifts have on the industry. It's the most detailed source of information on ownership changes and consolidation trends of North America's largest farm equipment dealers.