2015 is turning into “The Year of the Lease.” There’s been a big push by equipment manufacturers to offer attractive lease deals, and farmers have responded in big way.
The Assn. of Equipment Manufacturers reports that exports of U.S.-made ag equipment declined 15.8% for the first three quarters of 2015 compared to 2014, for a total $5.8 billion shipped worldwide.
It's been the softest spot in the used farm equipment market for the past couple years. I'm referencing late-model, large used planters — specifically 24-, 36- and 48-row models.
Over the past 15 years, U.S. production of pumpkins for all uses (jack-o-lanterns, fresh and processed food, seed, and other) rose 31 percent, from 1.46 billion pounds in 2000 to 1.91 billion pounds in 2014.
There's little doubt that 2015 will go down as a challenging year for farm equipment sales. Looking ahead to 2016, a recent survey of farm equipment dealers shows they are bit more hopeful than the major equipment manufacturers.
Weakness in global markets for farm and construction equipment led to declines in sales and earnings for the company for the fourth quarter and full year.
The latest global business climate index from the Agrievolution Alliance indicates that the majority of ag equipment manufacturers remain pessimistic about the sector with a 3 point drop from the April report.
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.
At the 2026 Farm Progress Show, Colin Rush, Vice President of Sales and Marketing with Bourgault Industries, details the Canadian manufacturer's newly announced partnership with CNH.
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.
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