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On the Record

USMCA Would Prevent Trump’s 200% Tariff Threat on Deere

By Kim Schmidt posted on September 27, 2024 | Posted in Data & Forecasts
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. Also in this episode, a different way of measuring yield and the impact the Fed’s interest rate cut could have on dealers.
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On the Record

Farmer’s Viral Video Spotlights Ugliness of Challenging Times for Dealers

By Kim Schmidt posted on September 13, 2024 | Posted in Data & Forecasts
 In this episode of On the Record, brought to you by Benzi America, we follow up on Jake Lieb’s viral TikTok video about AHW LLC canceling his order. In the Technology Corner, Noah Newman visits with Sloan Implements salesperson Jason Seger on demoing the S7 combine with automation. Also in this episode, an update on the auction market, the latest WASDE report from USDA and the most likely products to see year-end buying.
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On the Record

More Layoffs Hit Ag Manufacturers

By Kim Schmidt posted on August 23, 2024 | Posted in Data & Forecasts
In this episode of On the Record, brought to you by Benzi America, Alamo Group recently announced it was closing its Gibson City, Ill., facility and laying off its staff. In the Technology Corner, Noah Newman shares the impact Ag Leaders Al Myers has had on the ag industry. Also in this episode, Claas’s Eric Raby shares his outlook for the rest of 2024 and 2025 and the impact Deere’s layoffs will have on its bottom line.
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On the Record

Two Rate Cuts Possibly by Year End

By Kim Schmidt posted on August 9, 2024 | Posted in Data & Forecasts
In this episode of On the Record, brought to you by Benzi America, Greg Roberg, vice president of sales for AgDirect, shares his expectations for potential rate cuts yet this year based on the FOMC’s comments in late July. In the Technology Corner, Noah Newman highlights the upcoming Precision Specialist Week. Also in this episode, one manufacturer who supplies a number of OEMs says “Ag is on the fastest roller coaster ride down in a quarter-century” and TractorZoom’s Andy Campbell provides an outlook on the used equipment market for the remainder of 2024.
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On the Record

Nearly Two-Thirds of Farmers Identify as ‘Brand Loyal’

By Kim Schmidt posted on July 26, 2024 | Posted in Data & Forecasts
In this episode of On the Record, brought to you by Benzi America, we take a look at results of the 2024 Brand Loyalty study. In the Technology Corner, we examine how USDA’s use of ag data raises privacy concerns. Also in this episode, a look at the ag equipment companies that made the Industry Week U.S. 500 report and JP Morgan analysts say the rate of decline in the ag industry is expected to decrease.
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On the Record

Hurricane Beryl Leaves Extensive Crop Damage in its Wake

By Kim Schmidt posted on July 19, 2024 | Posted in Data & Forecasts
In this episode of On the Record, brought to you by Benzi America, we take a look at how much crop damage resulted from the rain and wind brought on by Hurricane Beryl. In the Technology Corner, Noah Newman examines what dealers need to do before hosting drone clinics to ensure they are FAA compliant. Also in this episode, used equipment pricing and inventory continue to challenge the industry and elected officials discuss how policy can impact the equipment manufacturing industry while in Milwaukee for the Republican National Convention.
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