Lost in all of the news about Deere’s big push further into the precision farming segment with the acquisition of Monosem and Precision Planting has been the spate of acquisitions by Trimble.
It's been the softest spot in the used farm equipment market for the past couple years. I'm referencing late-model, large used planters — specifically 24-, 36- and 48-row models.
There's little doubt that 2015 will go down as a challenging year for farm equipment sales. Looking ahead to 2016, a recent survey of farm equipment dealers shows they are bit more hopeful than the major equipment manufacturers.
With nearly 3,000 companies including global giants and ambitious start-ups present at the recent Agritechnica show in Germany, there were plenty of innovations to attract the attention of serious investors or curious competitors.
With calendar year 2015 winding down, many in the farm equipment business have written off the possibility for any significant pick up in sales for this year and are looking at the possibilities for 2016.
Canada’s two publicly traded dealerships, Cervus Equipment and Rocky Mountain Dealerships, posted strong earnings reports earlier this month, especially considering the sluggish sales many farm equipment dealers have experienced during the past year.
Most industry observers agree that before ag equipment dealers and manufacturers see a significant upturn in unit sales we’ll need to see two things: an increase in commodity prices and a decrease in the volume of used machinery on dealers’ lots.
Rabobank doesn’t see sales of ag equipment picking up until possibly 2018. In the meantime, one of agriculture’s largest lending institutions thinks the time could be right for some of the bigger farm machinery manufacturers to get together to challenge market leader John Deere.
While slightly stronger auction prices have been seen on the used combine front, not so with of other equipment, including large used planters, self-propelled sprayers and 250-300-plus horsepower tractors.
President of Kongskilde Industries, Hans Rasmussen, gives a tour of the new state-of-the-art manufacturing facility in Hudson, Ill., that offers superior product quality and customer service to dealers and customers.
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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