The unknown resulting from the current trade negotiations have had a major impact on the positive feelings that existed just a few months ago. Farmers and ranchers are facing reduced incomes coupled with rising interest rates for their necessary operating capital and that does not produce a bright, cheery outlook.
The ag economy is fragile at best! Interest is creeping up, commodity prices are soft, and the ability to make a profit is a struggle day-in-day-out. This is not something new. Producers across North America have faced a declining economy since 2013. Each year has been harder than the year before.
What happens in the auto industry often finds its way into the farm equipment industry, and it’s no different with dealer consolidation. And while dealers have been merging and acquiring each other for years, recently there’s been a growing interest from private equity investors — both in the auto dealer world and our own
Where do you draw the line with catering to new management styles for different generations of employees? Should you have to adapt to the preferences of a younger generation or should they be the ones adapting?
Our industry is navigating some very choppy waters as international trade negotiations continue. Uncertainty has created caution in farmers’ spending recently and most likely will continue until there is some resolution to the trade talks now underway.
The MAGIE show supports the best equipment offerings in our industry and brings together the best companies and employees in the crop production supply and service sector. The future is bright for those who excel in the agriculture sector.
Built on 88 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.
Machinery Scope offers premier risk management tools for farm equipment. We provide timely, personalized, and flexible solutions to protect more farm equipment investments than anyone in the industry. We add value and peace of mind when you are buying, selling, or managing your farm equipment by offering extended warranty plans.