Although a few more dealers say their early equipment orders are up compared to this time last year, overall, new farm machinery order books continue on a downward slide that began 3 years ago.
North American equipment dealers' latest outlook for 2014 calls for equipment sales to decline about 2%. This is slightly better than the 4% falloff dealers projected in the previous month.
With a 27% bump in unit sales in May vs. a year earlier, it appears that the prospects for compact tractors are improving significantly following 5 years of relatively flat sales.
Source: Ag Equipment Intelligence & Cleveland Research Co.
While dealers continue to report strong sales through the first four months of 2013, data is beginning to emerge that would seem to indicate that 2014 could be far more challenging for ag equipment sales.
For 2013, North American farm equipment dealers are forecasting a 2% growth in overall sales, according to the most recent Dealers Sentiment & Business Conditions Update survey. This was down from 3% in September.
Award-winning farmer and No-Till Farmer Conservation Ag Operator Fellow Ray McCormick talks about his long history of working with Alliance Tractor, particularly Sales Representative Ryan Seger, with whom he shares a passion for no-till farming and cover crops.
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.
Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.