While some positive signs are emerging for large equipment sales in the production segment of the agricultural industry, sales of small equipment and other rural lifestyle products is where the real action is these days. In addition to the record-setting sales of compact tractors, other segments of this market are also booming.
Ag Equipment Intelligence will launch its newest program for the farm equipment industry with a quarterly survey of ag shortline/specialty equipment manufacturers. The project will kick off in mid-September.
Almost since the sales of farm machinery began its slide in late 2013 and early 2014, used ag equipment headlines have dominated the industry’s headlines. And rightfully so. Many of the best dealers in North America have said it, “The one thing that will destroy a dealer’s business faster than anything else is an uncontrolled inventory of used equipment.”
Like farm equipment dealerships, nearly every segment of agriculture in the U.S. is being transformed by a consolidation of its participants, from farmers to ag equipment makers and input producers.
Farm equipment dealers who cater to row-crop operations with large ag machinery and implements have been particularly affected by the downturn in the ag economy. And the beat down goes on.
U.S. farm sector assets and equity (inflation-adjusted) are forecast to decline in 2015 for the first time since 2009. The rate of growth in U.S. farm sector assets and equity (assets minus debt) is expected to moderate in 2015 compared with recent years, and to decline for the first time since 2009 after adjusting for inflation.
Half of the slightly more than 300 North American farm equipment dealers responding to Farm Equipment’s “2015 Dealer Business Outlook & Trends” survey expect sales revenues to decline in the year ahead compared with the year passed.
North American equipment dealers' latest outlook for 2014 calls for equipment sales to decline about 2%. This is slightly better than the 4% falloff dealers projected in the previous month.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at CNH Industrial’s goals for growing its precision business by 2030.
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.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
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