Data & Forecasts

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On the Record

Ag Economy Still Under Pressure While General Economy Grows

In this episode of On the Record, brought to you by Weasler Engineering, Pinion's Marc Johnson shares and updated forecast for dealers revenues in 2024. The latest Purdue Ag Economy Barometer shows producer sentiment improved in the last month but indicates most farmers still say it's a bad time to invest in new equipment. And, dealers report used equipment inventories continue to build. In the Technology Corner, Noah Newman visits with the precision team from Eis Implement in Two Rivers, Wis.
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Sponsored Content: Trade Values & Trends

Mower Conditioner Values Guide

This month's equipment value guide highlights Windrowers from Case IH, John Deere, Krone, MacDon, Massey Ferguson and New Holland All of the Windrowers included in the selection are model year 2021-2023 units and appeared in the Spring 2024 IronGuides Issue. For more detailed values use IronGuides.com, an online appraisal tool for agricultural equipment that adjusts for your machine’s unique region, options and usage.
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DataPoint: Canadian Combine Sales

Sales of new combines in Canada are projected to decline 20% in 2024, below the 5-year average. This is due in part to declining grain and oilseed revenue and strong sales from 2023, according to an April 24 report from Farm Credit Canada.
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Deere 2Q Ag Sales Drop 16%

Deere & Co.‘s Production and Precision Ag net sales were down 16% year-over-year for the second quarter. Josh Rohleder, Deere’s manager of investor communications, says the decline is primarily due to lower shipment volumes. That was partially offset by price realization.




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On the Record

Kubota Dealers React to New Acquisition Limitations Policy

In this episode of On the Record, brought to you by Weasler Engineeringwe take a look at some responses to Kubota's new limiting acquisitions policy for dealers. In the Technology Corner, Noah Newman examines how autonomy may provide a health benefit to the ag equipment industry. Also in this episode, John Deere's latest earnings and the end of AGCO and Ohio Ag Equipment's distribution agreement.
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