During the dealer-to-dealer panel on the "Anatomy of a Transition" at the 2015 Dealership Minds Summit, three inter-generational family pairs discussed the experience of succession from their senior and successor sides.
Miles Mackow, general manager of Webb's Machinery in Lamont, Alberta, discusses the challenges of having a single precision specialist to cover multiple stores and the dealership's goal of implementing a more formalized structure for their precision business to increase revenue.
In 2011, the Big Dealer Report showed 22 Canadian dealers with 5 or more locations. These 22 dealer groups accounted for a total of 206 farm equipment dealerships in Canada with 234 total locations.
Harlan Little of Topcon touches on the company's bullish stance toward precision agriculture and how their recent acquisitions constitute a portfolio-style product.
T.J. Stauffer of Rich Connell Agri-Search discusses how a dealership’s precision staff can use reverse mentoring strategies to form a more harmonious and efficient work environment with administration.
While net farm income or net cash income is the deciding factor in farmers’ level of investment in capital goods, like ag equipment, crop and/or cash (includes livestock) receipts have proven to be the best ongoing indicator of farmers’ income, and thus future tractor sales.
In an article for Harvard Business Review, Eric Mosley writes that formal, annual employee evaluations and rankings are giving way to more informal peer review systems.
Stoltzfus Spreaders debuted the new BMS-2020XL spreader Aug. 18-20 at Penn State University Ag Progress Days. The new spreader holds 20 tons of low-density materials and features a 700 cubic-foot hopper, 70 feet larger than comparable equipment.
With Finning International's acquisition of Kramer Ltd. this past May, the fraternity of Caterpillar construction equipment dealerships in Canada became even more elite. This move leaves only eight CAT dealers operating 100 locations throughout the entire country. Nearly all of these are owned and operated by only three dealers, Finning and Toromont, both of which are publically held, as well as Hewitt Equipment.
A mid-year look at how dealers' expectations for 2015 are shaping up indicate that, on average, those responding to the July “Dealer Sentiments & Business Conditions Update” survey are looking for a year-over-year falloff of 15%. A year ago, dealers were forecasting a 6% year-over-year decline for 2014.
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.