Buhler Industries (BUI) is reporting that the company revenues for the period ended June 30 set a record as the best third quarter in company history reaching $95.8 million, up 24.4% from last year's third quarter of $77 million.
Last year was marred by extensive flooding in the Central Plains region and thus affected farmers in the area and across the province. But 2012 has shown much promise in the farming community, including in farm equipment sales. Gilles Chabot of Chabot Implements said so far this year has been very good for farm equipment sales.
While U.S. and Canadian retail sales of farm tractors starting the second half of 2012 are showing surprisingly resilient, moderating trends in other countries are offsetting improvements in some overseas markets.
During the three month period ended June 30, 2012, revenue increased by $49.6 million ($12.8 million for our agricultural equipment segment and $36.7 million for our commercial and industrial equipment segment) to $196.7 million from $147.1 million, an increase of 34%.
While the drought throughout the Midwest grain-producing region of the U.S. has industry observers speculating about its impact on farm machinery sales for all of 2012, North American retail sales have more than held its own through June and the first six months of the year.
Alamo Group Inc. (NYSE: ALG) today reported results for the second quarter ended June 30, 2012. Net sales for the quarter were $167.0 million compared to net sales of $160.8 million in the second quarter of 2011, an increase of 4%. Net income for the quarter was $9.3 million, or $0.77 per diluted share, versus $8.9 million, or $0.74 per diluted share, for the same period of 2011, an increase of 5%.
According to a June report in the Wall Street Journal, Ethanol demand is topping out. The amount used in gasoline is near federal mandates, and gasoline consumption is declining. After 15 straight years of growth, ethanol production this year will fall slightly and will be roughly flat next year, according to the U.S. Energy Information Administration's May forecast.?
An 80% increase in sales to farmers and custom operators in North America is fuelling growth at JCB Agriculture, the farm equipment arm of Britain's construction machinery giant.
Strengthening your relationship with your existing customer base is one of the best ways to increase sales. Your company's account management and operating teams play critical roles in making this happen. If they're not performing at their peak, the door opens for competitors to step in.
In 2007, roughly 30 percent of principal farm operators were at least 65 years old. In contrast, farmers less than 35 years old made up roughly 5 percent of principal operators. Older operators' share of farms declined with sales class, reflecting their gradual withdrawal from farming.
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.