With market realities causing American grain farmers to plug in $3 corn to their spread sheets in place of $7, the machinery industry has seen a rapid slowing of demand for new, increasingly efficient farm equipment as producers defer replacing machinery and scramble to cut expenses.
A year ago I wrote a column entitled Gathering Storm Clouds. That was followed up by last month’s column articulating the nine steps that should be undertaken during the turbulent times that lie ahead for equipment dealers. While some may be too timid to call a war a war, make no mistake about it, what equipment dealers will experience over the next 5 years will be a “war of attrition.”
Despite the rumors that it might not happen, on Friday afternoon President Obama signed the Tax Extender Bill into law, retroactively expanding the Section 179 deduction limits through Dec. 31, 2014.
For the last 11 months, we’ve been holding our breath on whether or not Congress would renew Section 179 depreciation limits to 2013 levels — up to $500,000 in deductions.
It's Thanksgiving week here in the U.S. A big part of our focus this Thursday will be on food and one would hope we would take some time to express our gratitude for all we have.
Hello from a buried office desk. Haven't been in office much over the last 3 weeks, as I've been on the road in Minnesota and North Dakota and then at the Farm Equipment Manufacturers Assn. Convention last week in Las Vegas, where I participated in a Q&A-type panel with dealers from Iowa and New York.
One of the reasons we ask dealers for comments when we conduct industry surveys is because they give the aggregated numbers of the survey some "color". Another way to say it is they add context to the compiled data
It looks like combines are in for a rough year. With the continuing slowdown in sales, you can't help but wonder what will happen with combine rolls that have become so popular over the past decade.
While strict EPA Tier 4 emission standards for small off-road diesel engines have been in effect since January 1, 2013, many customers for new small tractors have been buying “built ahead” Tier 3-compliant models — but the inventory of those machines is rapidly dwindling.
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.