Starting off 2015, dealers surveyed by Ag Equipment Intelligence and Cleveland Research Co. say that, on average, they’re expecting overall sales to decline 11% for the year. Compared to what the major equipment manufacturers are forecasting, the dealers' outlook appears almost optimistic.
Reading about projections for a significant falloff in net farm income and cash receipts in the year ahead might lead you to think that farmers are in desperate shape. But the fact is after coming off 4 or 5 really strong years, as a whole, U.S. farmers are sitting pretty nicely when it comes to strong assets and low debt levels.
Conventional wisdom would tell us, no. Now is the time to avoid the risk that comes with a soft market and wait until business picks back up. This kind of sounds to me like trying to time the stock market: take your best educated guess at when things will pick up or fall off and hope you guessed correctly.
Net sales for the fourth quarter of 2014 were $223.9 million compared to net sales of $166.7 million for the fourth quarter of 2013, an increase of 34%.
The Krone Group reported sales of more than €1.6 billion ($1.8 billion) for the last financial year, which represents an increase of 9% on the previous year’s figure of around €1.5 billion ($1.7 billion).
J.D. Power Asia Pacific released two inaugural studies, the 2015 India Tractor Product Performance Index (PPI) Study and the 2015 India Tractor Customer Service Index (CSI) Study.
As anticipated, the high inventory levels in North America, low commodity prices as well as the political uncertainty in Eastern Europe have led to a decline in sales.
Rural Lifestyle Dealer, the leading communication vehicle for dealers to the rural market, has compiled an extensive management report where we dig a little deeper than just the numbers to study dealer business trends and the outlook for 2015.
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.
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