Items Tagged with 'forecast and trends'

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Forecast & Trends

Whatever It Takes, Dealers Making Headway in Reducing Used Equipment Backlogs

While supply and demand imbalances continue to plague many ag machinery dealers, the three publicly held North American farm equipment dealership groups are reporting progress in reducing their equipment backlogs. On the other hand, it has come at a price as dealers report that ongoing low used equipment values offer little or no profit margin. 
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AEI
Forecast & Trends

Report Suggests Driverless Tractor Sales Could Reach $31B by 2024

“The impact of driverless tractors on farm operations will be dramatic, and the vehicles hold the potential to provide a huge boost to productivity,” says Manoj Sahi of Tractica. In a report issued on Sept. 4, following the introduction of Case IH and New Holland’s concept autonomous tractors at the Farm Progress Show on Aug. 30, Tractica said it expects rapid growth of driverless farm vehicles starting about 2020.
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Forecast & Trends

40% of Dealers Expect Improving Precision Revenues in 2016

The revenue stream from the sale of precision farming equipment is expected to be as good as, or better than, what dealers saw in 2015. According to Precision Farming Dealer’s 2016 Benchmark Study, dealers share a cautiously optimistic outlook for total precision farming revenue in 2016, with 88.9% of the total respondents predicting similar or improved results from the 2015 totals (10% up 8% or more, 40% up 2-7%, 38.9% little or no change from 2015 levels). 
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Forecast & Trends

Dealers’ Sentiments, Outlook ‘Somewhat’ Improved

While farm equipment sales remain in the doldrums, U.S. and Canadian dealers’ sentiments about business conditions improved slightly according to the results of Ag Equipment Intelligence’s most recent Dealer Sentiments & Business Conditions Update survey. Here’s what dealers are reporting about current business conditions for ag machinery.


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Forecast & Trends

Deere Expects Farm Crop Prices, Cash Receipts to Slip Further in 2016

When Deere & Co. announced its first-quarter 2016 earnings last Friday (Feb. 19), it reported that its worldwide equipment sales declined 15% compared to the same period of 2015. The company also said that it expects fiscal year 2016 sales to be down 10% year-over-year vs. down 7% in its previous forecast. For the U.S. and Canada, the company says it anticipates retail sales to be down 15-20%, with large ag retail sales down by as much as 25-30%.
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