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.
CNH Industrial expects replacement buying will give its ag business a boost next year. The company also reiterated that it’s not looking to off load its construction equipment segment any time soon.
Producer sentiment toward the agricultural economy dropped to 124 in March marking the second consecutive month of decline, according to the Purdue University/CME Group Ag Economy Barometer.
If we could turn “optimism” and “positive sentiments” into sales, 2017 could end up being a pretty good year for farm equipment dealers and manufacturers. We all know that it will take more than rosy outlooks and good feelings to improve our bottom lines; it’s nonetheless good to hear some upbeat news for a change.
The rollout of their autonomous tractors at the 2016 Farm Progress Show in Boone, Iowa, garnered Case IH and New Holland a lot of attention for several weeks. The Case IH version is a cabless vehicle utilizing the brand’s Magnum tractor platform. New Holland’s model called the T8 NHDrive, is outfitted with a cab, but is fully autonomous.
Fueled by the acquisition of some of the best shortline brands in agriculture, beginning in 1991, AGCO Corp. has since grown to become the third largest farm equipment manufacturer worldwide behind John Deere and CNH Industrial.
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.
A substantial research project concerning cover crop use and involving farmers across the nation gives farm equipment dealers some positive light to shine on the practice as they work with customers incorporating the fast-growing practice into their management plans.
A substantial research project concerning cover crop use and involving farmers across the nation gives farm equipment dealers some positive light to shine on the practice as they work with customers incorporating the fast-growing practice into their management plans.
Like the rest of the industry, including dealers and manufacturers of ag equipment and consumable products, U.S. farms are also consolidating and getting larger. For example, according to USDA, Farms with over $1 million in gross cash farm income (GCFI) accounted for half of the value of U.S. farm production in 2015, up from about one-third in 1991.
Greg Petras, president of Kuhn North America, says despite the current market challenges the company is continuing to invest in its facilities, people and products.
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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