Here is Glass Management Group’s discussion and analysis of the farm equipment sales report issued by the Assn. of Equipment Manufacturers on April 10, 2017.
There is a renewed sense of confidence within the country these days and the latest jobs report certainly supports these sentiments. This latest report nearly doubled the projected increase in jobs for the month of February and showed an increase in full time positions for the first time in many months.
After the release of our 2017 forecast last November, we have received several communications from readers who seem to have the same question; “What planet are you from?” They did not agree with our forecast and, from the looks of things, they might be right!
This past year has been one of the most trying years in recent history for farm equipment manufacturers and dealers alike with precipitous declines in the large tractor markets and the combine market. If you were in an area where small horsepower tractors dominate, you have a bit of a smile on your face as this year draws to a close.
2016 is shaping up to be a difficult year but there are some bright spots shining through. U.S. farmers continue to exhibit some financial strength and that should allow them to take advantage of any future buying opportunities that might arise.
Supply and demand is alive and well in the U.S. agricultural economy. Harvest of U.S. crops has begun and brings with it a great expectation of a record yields. Like a huge seesaw, high demand for a commodity elevates the prices customers are willing to pay for that product and when there is an excess worldwide inventory, prices fall to meet the slowing demand.
Supply and demand is alive and well in the U.S. agricultural economy. Harvest of U.S. crops has begun and brings with it a great expectation of a record yields. Like a huge seesaw, high demand for a commodity elevates the prices customers are willing to pay for that product and when there is an excess worldwide inventory, prices fall to meet the slowing demand.
Each time that Farm Equipment surveys dealers used equipment continues to be among their biggest worries. The past effects of Section 179 Bonus Depreciation has filled dealer's lots with a large number of relatively new, low hour tractors, combines and other equipment and these units have had an effect upon the sale of new equipment.
Planting is completed and the crop is beginning to reach the point of showing what the harvest might look like and all eyes are on commodity prices. Some farmers were astute enough to hedge their production costs earlier when commodities were selling at acceptable levels.
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.
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