Profitability - Articles

Precision Farming Dealer Summit

Looking for Long-Term Profitability? Do What You Do Best

Dealers must define their role and scope in precision farming to make a difference in their customers’ operations.

By Dave Kanicki posted on March 12, 2016 | Posted in Best Practices, Precision Ag Sales & Service

Dr. Tom Krill defines precision farming as a management concept that recognizes variability within the soil environment and maximizes economic agricultural production while minimizing environmental impact for a specific location. And to evaluate it’s effectiveness, precision farming must have measurable objectives.

Building Profits Through Key Performance Indicators

[Webinar] Managing By the Numbers

February 23, 2016 | Posted in Operations & Finance

Farm Equipment's sister publication, Rural Lifestyle Dealer, presents a new webinar, "Managing By the Numbers" In it, Rural Lifestyle Dealer columnist Bob Clements shares how your business management software can help you improve the performance of the people and profitability of each of your departments. [To view any of our webinar replays, you must be logged in with a free user account.]

Sponsored Content: Success in Shortline Machinery

Succeeding as a Shortline Dealer: The Ultimate Wake-Up Call

Based on the experience of shortline dealers across the country, being cancelled by a major doesn't have to be the death knell of your business.

By Dave Kanicki posted on January 25, 2016 | Posted in Manufacturer & Dealer Issues, Niche Equipment Markets

Based on the experience of shortline dealers across the country, being cancelled by a major doesn't have to be the death knell of your business.

Profitability Varies be Farm Size

July 10, 2015 | Posted in Data & Forecasts

According to the USDA Economic Research Service, profitability is strongly associated with farm size. Larger farms can often use their resources more productively than smaller farms, generating more dollar per unit of capital.

Lenders Expect Farm Financial Performance to Moderate in 2014

July 30, 2014 | Posted in Data & Forecasts

Source: AgriBank

A recent poll found that after years of exceptional growth, farm financial performance is expected to decline in 2014.

[Webinar] Better Communication, Greater Profits in the Service Department

December 10, 2013 | Posted in Department Management

In today's competitive market, dealerships need to find new strategies to increase their profitability. For a closer look at how to optimize and increase efficiency in your service department sign up for Farm Equipment magazine's webinar "Better Communication, Greater Profits."

New Dual-Hybrid Planting System from Raven Industries

June 19, 2013 | Posted in Product Innovations & Introductions

Sioux Falls, SD, June 5, 2013 Raven Industries, Inc. introduces the industry's first, patent pending, multi-hybrid planter control solution. This new multi-hybrid system is an enhancement to Raven's OmniRow advanced planter control solution, and when combined with variable rate seeding, it will help increase yield potential and profitability.

No-Tillers Saw Solid Profits & Yields in 2012

May 10, 2013 | Posted in Data & Forecasts

The results from an annual survey of U.S. no-till farmers reveal that, despite the drought and rising input costs, 2012 produced solid results, both in terms of profitability and crop yields. As a result, no- till farmers expect to slightly increase equipment purchases in 2013.

Planning for Profits

The Link Between Sales & Absorption

By George Keen and George Russell posted on October 5, 2011 | Posted in Operations & Finance

Whether it's from your manufacturer's demand for market share or machine population, or your need for more revenue, dealers continue to look for ways to boost sales. A good place to start selling more machinery is to look first at your parts and service departments. There is a strong link between sales coverage and better parts and service profitability - meaning better absorption.