Nearly 90% of dealers polled for Ag Equipment Intelligence's '2014 Dealer Business Outlook & Trends' survey say they expect prices for new equipment next year to rise between 1% and 6%. Only 2.8% of dealers say they don't expect increases for the price of new equipment in 2014.
North American farm equipment dealers' level of optimism followed the deceleration of tractor and combine sales in July, but their outlook for the full year remained intact from previous months.
Fifteen years ago during a series of speeches I delivered to various equipment dealer associations throughout North America, I predicted that the agricultural equipment industry would lose between 25-40% of its dealers during the first decade of the third millennium.
The hay business hasn't been the same since disc mowers began replacing sickle bars. And depending upon what kind of hay and forage is being grown in a given area, implement dealers can bale some sizeable benefits as they guide customers in deciding what they need to make quality hay. Conversations with a handful of dealers across the country show growing customer interest in new mowers, and the decision on whether to add a conditioner to help with windrow formation and dry-down is affected heavily by the end-use of the forage at hand.
Art's Way Manufacturing Co.Inc., a leading manufacturer and distributor of agricultural machinery, equipment and services is pleased to announce its financial results for the three and six months ended May 31, 2013.
On paper, the two 2013 Dealerships of the Year covered in this issue of Farm Equipment couldn't be farther apart. One Stotz Equipment has 23 locations in 8 states, 380 employees and revenues last year of $235 million. The other Lake County International has 1 location covering a small region in South Dakota, with 22 employees and annual revenues of just over $25 million. (For the record, until 1997, Stotz was a 3-store dealership.)
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.