Another important indicator for when a new business cycle for agriculture could be in the offing is rising interest rates. Low interest rates have been in effect for such an extended period of time, many consumers take for granted that they'll always be low. For many consumers today, extremely low borrowing rates have become the new norm.

If you were to ask any of Torgerson's top management about the most important aspect of farm equipment retailing these days -- those operations that, if not given particular attention, can spell dealership failure -- to a person they'll point directly at two things: turning used equipment and service and parts absorption rate.

In this video sponsored by IRON Solutions, Tom and Steve Janson of the 2011 Dealership of the Year award-winner Janson Equipment Company share their thoughts on recovery rates and their company's goals.

In this video sponsored by IRON Solutions, Tom and Steve Janson of the 2011 Dealership of the Year award-winner Janson Equipment Company discuss absorption rates and what they mean to their business.

Editor's Page - Telling Your Side of the Story

With corn insurance premiums falling by 7% and soybeans by 9%, farmers may have more to spend on equipment next year.

Ag bankers in the Federal Reserve Bank's Kansas City district say the overall farm economy remains solid, despite continued weakness in the hog and dairy sectors.