While the financial and operational performance of North American farm equipment dealers showed some improvement last year, several warning flags also popped up indicating ag machinery retailers need to sharpen their pencils and attention to finances.
While manufacturers and industry analysts have noted in recent months that the farm equipment industry has entered a replacement cycle, equipment sales alone don’t tell the full story of a farm equipment dealership’s health and profitability. Expenses, inventory management, marketing and other aspects of the business all factor into a dealership’s success.
Net income was $313 million for the full year 2017 and includes a non-cash pre- and after- tax charge of $92 million due to the deconsolidation of CNH Industrial’s Venezuelan operations effective Dec. 31, 2017
Despite ongoing concerns with low commodity prices, North American farm equipment dealers are far more optimistic about their business prospects than they were a year ago.
When it comes to farm equipment revenue mix, European dealers rely far more on new equipment sales and less on used equipment sales than do dealers in the U.S. and Canada. Beyond this, the sales mix for dealers in both regions is fairly similar.
Let’s face it, when it comes to news about the farm equipment business, John Deere almost always commands the most attention. So, it was a bit of a surprise when we tallied the total views of Ag Equipment Intelligence news items that appeared each Monday in Farm Equipment’s Ewatch Daily Email Updates throughout 2017 and AGCO claimed the top two spots.
Electric Power, Alternative Fuels and Imaginative Innovations with Internal Combustion Engine Design Promise a Diverse Stable of Farm Power in Coming Decades
For 50 years diesel power has ruled the roost on the world’s farms, providing fuel-efficient, rugged power plants that operate dependably at nearly full power throughout seasons of use.
In this episode of On the Record, brought to you by Benzi America, we take a look at former President Donald Trump’s threat of a 200% tariff on Deere’s Mexico built equipment. In the Technology Corner Noah Newman visits with Bluewhite about the company’s partnership with New Holland.
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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