In the past few weeks I've begun hearing from some dealers about how the major farm equipment manufacturers seem to be getting "pretty aggressive on pricing,"? as one dealer put it. That's code for they "are cutting prices for any number of reasons,” gaining market share, reducing inventory, whatever.
According to a recent survey of U.S. farmers, two-thirds of them believe the weather is becoming more volatile throughout the major growing regions of the U.S. As a result, some farmers are purchasing equipment they believe will help them adapt to the changing weather patterns. At the same time, some farmers say they delayed equipment purchases due to the drought this year.
In a note to investors, Henry Kirn, analyst for UBS Investment Research, said if past history holds true, equipment sales in 2013 could surprise. According to Kirn, John Deere's performance during the 1988 drought implies potential outperformance in the second half of this year.
Celebrating its 30th year in business, J D Equipment Inc. is pleased to announce its expansion in the global market for used agricultural equipment. J.D. Equipment Export LLC was recently formed as a wholly owned subsidiary to focus on the unique needs of global customers. The business is headquartered at the company's state-of-the-art facility in London, Ohio, and to provide a turnkey solution to customers throughout the world.
Last year was marred by extensive flooding in the Central Plains region and thus affected farmers in the area and across the province. But 2012 has shown much promise in the farming community, including in farm equipment sales. Gilles Chabot of Chabot Implements said so far this year has been very good for farm equipment sales.
9 editors are delivering real-time updates on the newest equipment developments, and supplier events and news conferences, from the 2012 Farm Progress Show in Boone, Iowa.
As farmers integrate more precision technology into their equipment and operations, the ability to remotely supervise and support those field operations becomes even more important to both farmers and dealers.
If your farm customers are holding off buying that new piece of equipment because they're concerned about rising costs, you can believe them, especially if you're in Iowa.
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.
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.