North American dealers surveyed reported that, on average, equipment sales were down 16%. Dealer commentary focused on the most pressing issues facing the industry.
The latest global business climate index from the Agrievolution Alliance indicates that the majority of ag equipment manufacturers remain pessimistic about the sector with a 3 point drop from the April report.
AGCO reported net sales of approximately $2.5 billion for the fourth quarter of 2014, a decrease of approximately 13.1% compared to net sales of approximately $2.9 billion for the fourth quarter of 2013.
In today's newscast we look at the results of UBS Investment Research's 34th Dealer Survey, an update on Western Canada's crop and sales outlook for 2014, how the rail car shortage is impacting farmers in the Upper Midwest and Titan International and Valmont Industries second quarter results.
The U.S. Department of Agriculture today released its Outlook for U.S. Agricultural Trade report. USDA projects that Fiscal Year 2014 agricultural exports will reach $149.5 billion, an estimated $6.9 billion higher than previous estimates and, if realized, a new record for American agricultural exports.
Last week, Deere & Co. reported its second-quarter net sales and revenues were down by 9% to $9.9 billion and net sales and revenue, and net income fell to $981. Overall, worldwide equipment sales fell by 10% to $9.2 billion.
The Renewable Fuels Association released its annual 2014 Ethanol Industry Outlook and 2014 Pocket Guide to Ethanol providing an in-depth look at the current state of the ethanol industry at the National Ethanol Conference in Orlando, Fla.
Deere & Co.'s DE -4.71% fiscal second-quarter earnings rose 2.7%, but the company whittled its sales outlook for the year amid concerns that cool, wet weather in the U.S. will hamper this year's farm crop and hold down demand for farm machinery.
Dealers appear to be feeling good about their prospects these days, according to the most recent Dealer Sentiments & Business Conditions Outlook Update survey.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Marc Johnson, principal with Pinion, provides 4 factors that will be important for dealers to watch in 2025 that will impact their business.
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.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
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