According to Ag Equipment Intelligence’s monthly Dealer Sentiments survey, since the start of 2017, farm equipment dealers’ year-over-year level of optimism has varied by as much as 42% from one month to the next compared to the prior year.
In this podcast, we discuss what dealers can expect from the new leadership at the Equipment Dealers Assn., farm equipment dealers’ precision revenue growth expectations for 2017, an update on dealer sentiment from Europe and an update on the right to repair battle.
In this podcast, we report on a big improvement in dealer sentiment, updates from the SIMA Agribusiness Show in Paris, Kubota’s 2016 financial results, improvements in Brazil’s ag equipment factory shipments and the need for broadband infrastructure in rural America.
Nearly half (49%) of dealers who cater to the commercial and consumer-type equipment needs of hobby farmers, large property owners, turf, lawn and landscape contractors, as well as municipalities and parks maintenance customers expect solid revenue growth during 2017. This confident outlook comes on the heels of strong sales years in 2015 and 2016.
North American dealers surveyed reported that, on average, equipment sales were down 16%. Dealer commentary focused on the most pressing issues facing the industry.
With calendar year 2015 winding down, many in the farm equipment business have written off the possibility for any significant pick up in sales for this year and are looking at the possibilities for 2016.
A mid-year look at how dealers' expectations for 2015 are shaping up indicate that, on average, those responding to the July “Dealer Sentiments & Business Conditions Update” survey are looking for a year-over-year falloff of 15%. A year ago, dealers were forecasting a 6% year-over-year decline for 2014.
Dealers report that average sales were down 8% year-over-year in March, which is a 4% improvement over the previous month’s average sales decline, according to the April 2015 “Dealer Sentiments & Business Conditions Update.”
In today's newscast we discuss the merger of the SouthWestern Assn. and Canada West Equipment Dealers Assn., the impact railcar delays are having on grain bagging system sales, dealer sentiments turn negative, Raven's first quarter results and farmland values for the first quarter.
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.