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.
Canada’s two publicly traded dealerships, Cervus Equipment and Rocky Mountain Dealerships, posted strong earnings reports earlier this month, especially considering the sluggish sales many farm equipment dealers have experienced during the past year.
USDA-ERS data provide estimates of the costs per edible cup equivalent for a variety of fruits and vegetables, including vegetables often featured on American's’ Thanksgiving tables.
High used equipment inventories is a problem plaguing North American farm equipment dealers. According to the Ag Equipment Intelligence's October Dealer Sentiments & Business Conditions survey, a net 33% of dealers say they used equipment inventory was too high in September.
Net sales for the third quarter of 2015 were $231.6 million compared with net sales of $234.8 million for the third quarter of 2014, a decrease of 1.4%.
Most industry observers agree that before ag equipment dealers and manufacturers see a significant upturn in unit sales we’ll need to see two things: an increase in commodity prices and a decrease in the volume of used machinery on dealers’ lots.
Rabobank doesn’t see sales of ag equipment picking up until possibly 2018. In the meantime, one of agriculture’s largest lending institutions thinks the time could be right for some of the bigger farm machinery manufacturers to get together to challenge market leader John Deere.
Two weeks ago in this space we posed the question, “Are equipment leases trending?” Along with that blog, we conducted an informal poll of farm equipment dealers asking whether or not their sale of machinery leases increased during the past 12 months.
While slightly stronger auction prices have been seen on the used combine front, not so with of other equipment, including large used planters, self-propelled sprayers and 250-300-plus horsepower tractors.
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.