Source: Dealer Sentiments & Business Conditions Update, April 2014
For the second month in a row, North American farm equipment dealers are reporting that manufacturers have become more aggressive with incentives to increase machinery sales.
USDA reported yesterday that corn planting in the U.S. continues slightly ahead of last year but it’s falling farther behind compared to the 5 year average.
In today's newscast we talk to Titan's president Peter Christianson about how the company's 2 dealerships in Ukraine are fairing among the turmoil, a look at how spring planting is progressing, quarterly reports from Art's Way and Titan Machinery and an update on the 2014 dealer outlook.
North American large ag equipment retail sales fell in March, with 4WD tractor sales down 6.4% year-over-year, combine sales down 23.9% and row-crop tractor sales down 9.5%, according to the latest figures released by the Assn. of Equipment Manufacturers.
In today's newscast we discuss John Deere's push for purity with its Canadian dealers, Ingersoll Tillage Group's acquisition of Bellota and Lindsay Corp.'s second quarter financial results. In addition, Howard Dahl, president and CEO of Amity Technology shares his perspective on the Ukraine situation after a recent visit.
North American equipment dealers' latest outlook for 2014 calls for equipment sales to decline about 2%. This is slightly better than the 4% falloff dealers projected in the previous month.
Following a presentation I made to Indiana and Kentucky dealers in Louisville several weeks ago, I was asked by a dealer attending the session how much confidence did I have in monthly reports from the U.S. Dept. of Agriculture.
While the unpredictability of commodity prices in the past year have given some cause for concern, the fact remains U.S. agricultural fundamentals continue to support the long-term health of the industry.
In today's newscast, we look what dealers can do when manufacturers push for purity, what the conflict between Russian and Ukraine could mean for North American equipment sales, the impact high milk prices will have on equipment sales, a shift from aftermarket to OEM sales for precision equipment and the latest financial results from dealer groups Rocky Mountain and Cervus Equipment.
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.
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