In January, USDA once again lowered its 2013-14 outlook for farm cash receipts. The ag agency is now expecting cash receipts to decline by 14% in the year ahead. This is down from a 13% drop USDA projected in December.
Bill Hodgeman has a 14 year history in the farm equipment business, first with Derby Equipment and at Champlain Valley Equipments Derby, Vt., store. He started in sales and transitioned to the service department and took on management of the shop 5 years ago at the Derby location.
Once the dealer and sales manager acknowledge the importance of monitoring their departmental sales mix as well as the sales mix between their new and used equipment sales, as outlined in the previous two columns, then it would behoove them to turn their attention to the subject of turnover.
In today's newscast, we look at how a third year of drought will impact farm equipment sales in California, the outlook for Canada ag equipment sales, compact tractor sales surpass the 100,000 unit mark again, Salford expands its Iowa facility, and a number of dealers on the move.
Corn prices got at least a reprieve from its 40% decline from a year ago on the news that USDA lowered ending stocks to 13.9 billion bushels, a drop of 64 million bushels from previous estimates.
If sales of farm equipment soften in 2014 as many are suggesting, industry veteran Jim Tibbles views it as getting back to normal levels, rather than a decline.
In today's newscast, we look at 2014 forecasts that point to a softening in the ag equipment market, what a shift from corn to soybeans could mean for equipment sales, the new financial report from ag equipment manufacturer Buhler Industries and the increase in demand for lawn and garden 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.
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.