Recent telephone calls with dealers and their written comments that have accompanied the various surveys we conduct between Farm Equipment and Ag Equipment Intelligence, are really quite revealing. Despite the current situation of excess used inventory and farmers slowing the spending on new equipment, dealers say they’re getting pushed to order more new product than they can sell — profitably.
The 2015 winegrape harvest was off to an early start this year - 3 weeks earlier than normal - and it officially wraps up this week, according to the Napa Valley Grapegrowers.
Over the last 5 years, the role of Brazil and Ukraine as suppliers of global corn markets has expanded rapidly, and in 2013/14 Brazil and Ukraine became the largest corn exporters after the United States.
Chairman of the Art's Way board of directors, Marc H. McConnell commented on the quarter saying, "Our third fiscal quarter of 2015 was challenging to say the least. Several of our business units are experiencing poor market conditions, but most notably in our agricultural products segment.
After several years of rising row crop prices, a perfect storm of high crop production (in excess of demand), a sharp correction in grain values and contracting farmer margins in mid-2014 has resulted in declining sales of agricultural equipment sales. This trend is expected to continue through 2017, according to Rabobank's recent report, 'Contraction Today, Consolidation Tomorrow?"
Today, USDA released its Crop Progress report for Sept. 27, 2015. According to the latest data, both corn and soybean harvest is underway in each of the 18 states that harvested 94% of corn acreage and 92% of soybean acreage in 2014.
The level of early orders for new 2016 farm equipment continued to decline this year, according to the results of Ag Equipment Intelligences' 2016 Dealer Business Outlook & Trends survey.
In the 11 years since Farm Equipment has conducted its annual Dealer Business Outlook & Trends survey, only one issue has made it into the Top 5 biggest concerns each and every year. Want to guess what it is?
New Holland is a diverse brand that reaches all sectors of the ag market. For that reason, the company’s new vice president for agriculture Bret Lieberman says 2016 will be a “decent year.”
Rabobank released a report in August on the impacts and implications on agriculture of an appreciating U.S. dollar. We had the opportunity during the 2015 Farm Progress Show to speak with Stephen Nicholson, vice president, Food & Agribusiness Research and Advisory with Rabobank and the author of the report.
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.