Farm Equipment editors encounter a variety of articles, social media posts, podcasts and videos that offer a unique look at various aspects of our great farm machinery industry. Here is our favorite content from the past week from across the web:
- Preparing for the End of 100% Bonus Depreciation for Equipment
- Merz Farm Equipment Celebrates 70th Anniversary
- How We Did It Docuseries: Martin Industries (part 1)
- 15 Financial Ratios You Need to Know
- Farm Equipment Contributing Editor Talks Autonomy with Brownfield Ag
- No-Till Drill Slides Trying to Farm Steep Slopes of Pacific Northwest
Best of the Web This Week is brought to you by CLEANFIX .
Proven in the most demanding of ag conditions, CLEANFIX reversible fans provide the most efficient diesel engine cooling and radiator cleaning available. The multi-patented reversing fan technology maintains machine cooling as needed and, when required, provides the strongest blowout of dust and debris -- without halting or slowing operations.
Preparing for the End of 100% Bonus Depreciation for Equipment
Being able to depreciate your equipment at 100% under the federal bonus depreciation rules starts to phase out in 2023. It drops to 80% this year and declines incrementally by 20% a year until hitting zero in 2027. To explain what all that means, Dan Furman, vice president of strategy for Crest Capital, appears on this episode of The Dirt. Furman explains the difference between bonus depreciation and Section 179 and what contractors need to know about the two when handling their newly purchased equipment at tax time. He also offers some helpful tax tips for contractors as well as gives his views on whether bonus depreciation will come back.
Merz Farm Equipment Celebrates 70th Anniversary
Merz Farm Equipment's General Manager Mitch Merz reached out to us recently to share the news that their dealership has celebrated its 70th anniversary! They decided the theme of the event would be Thank You — to their customers, reps, employees and families. To mark the event, this video, showing a bit of the history of their dealership and an explanation of one of their mantras: It Is Personal.
How We Did It Docuseries: Martin Industries (part 1)
Learn more about how Martin Industries overcame adversity and executed their big idea in this episode of the “How We Did It” Docuseries.
15 Financial Ratios You Need to Know
Does your staff know what all the financial metrics you measure you business by? More importantly, do they know how they are determined? Check out these 15 major financial ratios. For a great primer on how to get your team to understand the metrics that drive the farm equipment business, see the upcoming DEALERSHIP MINDS SUMMIT.
Farm Equipment Contributing Editor Talks Autonomy with Brownfield Ag
Dan Crummett, long-time contributing writer and editor for Farm Equipment, recently sat down with Brownfield Ag News to talk about one of our sister publication Ag Equipment Intelligence's most recent research reports, Autonomous Farm Equipment: U.S. Farm Adoption & Outlook. Crummett — who contributed heavily to the report – says by 2027, autonomous equipment is expected to be a $22 billion dollar industry globally and it’s a sleeping giant starting to awake in agriculture.
No-Till Drill Slides Trying to Farm Steep Slopes of Pacific Northwest
We listened to no-tiller Russ Zenner of Genesee, Idaho, talk about no-tilling ground with a 40% slope in a recent No-Till Farmer podcast, and this YouTube video from Jacob Steuckle puts equipment challenges posed by the slopes of the Palouse into perspective. Farmers like Jacob should check out Precision Farming Dealer’s free e-guide, “Making the Precision Basics Even Better with Implement Guidance.”
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Best of the Web This Week is brought to you by CLEANFIX.
Proven in the most demanding of ag conditions, CLEANFIX reversible fans provide the most efficient diesel engine cooling and radiator cleaning available. The multi-patented reversing fan technology maintains machine cooling as needed and, when required, provides the strongest blowout of dust and debris -- without halting or slowing operations.
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