In today's newscast, we look what dealers can do when manufacturers push for purity, what the conflict between Russian and Ukraine could mean for North American equipment sales, the impact high milk prices will have on equipment sales, a shift from aftermarket to OEM sales for precision equipment and the latest financial results from dealer groups Rocky Mountain and Cervus Equipment.
Rocky View County is the future site of a new agriculture-implement dealership. Representatives from AGRO and Cervus Equipment Corporation broke ground Dec. 3, on its new 66,000-square-foot dealership. The dealership, to be located directly east of CrossIron Mills mall in the Balzac area, will replace the company's existing 28,000-square-foot facility located on 84th Street NE and 24th Avenue NE in Calgary.
One of the most difficult challenges for a dealer-principal who has poured his or her heart and soul into nurturing and growing a successful equipment dealership business is to step aside and let someone else watch the store.
When the brain trust of Cervus Equipment Corp. decided to take its John Deere dealership group public in 2000, the idea, of course, was to fund the company's future expansion.
Since Peter Lacey and his brother in law John Donald acquired their first John Deere farm equipment dealership in 1982, the company has continued to expand and is today one of John Deere's largest dealership networks in North America. But to maintain its growth rate, Cervus has diversified into construction and commercial equipment and, more recently, into trucks.
Everything about agriculture is getting bigger, except for the world in which it operates. That's why we're seeing so many manufacturers looking to grow their business by establishing operations overseas and vice versa.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
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.