Farm equipment dealers report that, on average in September, they saw year-over-year sales growth of 5%, which was down from 6% in August, according to Ag Equipment Intelligence's October 2011 "Dealer Trends & Business Outlook"? survey.
This week at the Agritechnica exposition in Hanover, Germany, John Deere is expected to launch a new transmission option as well as unveiling its smaller 6R tractors.
As a recent round of acquisitions illustrates, recovery in farm machinery markets has not come soon enough for some manufacturers although their financial difficulties have presented useful expansion opportunities for businesses with healthier balance sheets.
A report from Bloomberg last week that on plans by Deere & Co. to allocate combines in 2012 created somewhat of a stir in the ag equipment business last week. But according to at least one analyst, Deere had earlier talked about the allocation program on various occasions and it shouldn't be considered as "big news?"
The rapid rise and fall of compact tractor sales in North America during the past decade mirrors the surging and slowing of the rural lifestyle phenomena in the U.S. But according to the Mahindra USA executives interviewed by Ag Equipment Intelligence, the declining sales of small tractors appear to have finally plateaued. Slow growth during the next year or two is the likely scenario.
More North American farm equipment dealers see the production of ethanol from corn as a bigger benefit for the agricultural industry than it is to the economy as a whole.
While many industry analysts view the USDA's latest crop report (September 12) as a positive for ag machinery sales, Adam Fleck, associate director of research for Morningstar, sees it as a" neutral"? for farm equipment manufacturers.
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.
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