New product announcements from the summer farm shows fill several spots in this month's list. Also making the list was news of CNH's new dealer agreement, Kubota opening its first European production plant and two episodes of our On The Record newscast.
Chairman of the Art's Way board of directors, Marc H. McConnell commented on the quarter saying, "Our third fiscal quarter of 2015 was challenging to say the least. Several of our business units are experiencing poor market conditions, but most notably in our agricultural products segment.
After several years of rising row crop prices, a perfect storm of high crop production (in excess of demand), a sharp correction in grain values and contracting farmer margins in mid-2014 has resulted in declining sales of agricultural equipment sales. This trend is expected to continue through 2017, according to Rabobank's recent report, 'Contraction Today, Consolidation Tomorrow?"
The expanded new facility will benefit AGCO's West Coast dealer network. The parts distribution center will provide improved shipping times to western regional customers and dealers, including improvements for those who will receive expedited, next day delivery.
Two young brothers from northwest Ohio are making their way in a man's world by successfully running two businesses. Hunter and Cody Haar, 20 and 16, respectively, run a 550-acre farm in Elmore, Ohio, and own Haar Brothers Equipment in Gibsonburg.
With the theme of "Profitable Precision Strategies," this inaugural, dealer-only event will feature some of the most progressive minds in the precision farming business, sharing money-making methods and proven practices to maximize profitability in today’s market.
Hendershot Equipment will offer the complete line of Mahindra products in addition to parts and service departments to serve those Mahindra products at its Stephenville, Texas, location.
Today, USDA released its Crop Progress report for Sept. 27, 2015. According to the latest data, both corn and soybean harvest is underway in each of the 18 states that harvested 94% of corn acreage and 92% of soybean acreage in 2014.
At the Farm Progress Show, John Deere rolled out its new products including the new 9RX tractors, the 6E Series tractors, the 459E round baler, new models of the 8000 series self-propelled forage harvester and more.
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.