In 2011, the Big Dealer Report showed 22 Canadian dealers with 5 or more locations. These 22 dealer groups accounted for a total of 206 farm equipment dealerships in Canada with 234 total locations.
Harlan Little of Topcon touches on the company's bullish stance toward precision agriculture and how their recent acquisitions constitute a portfolio-style product.
T.J. Stauffer of Rich Connell Agri-Search discusses how a dealership’s precision staff can use reverse mentoring strategies to form a more harmonious and efficient work environment with administration.
While net farm income or net cash income is the deciding factor in farmers’ level of investment in capital goods, like ag equipment, crop and/or cash (includes livestock) receipts have proven to be the best ongoing indicator of farmers’ income, and thus future tractor sales.
In an article for Harvard Business Review, Eric Mosley writes that formal, annual employee evaluations and rankings are giving way to more informal peer review systems.
Stoltzfus Spreaders debuted the new BMS-2020XL spreader Aug. 18-20 at Penn State University Ag Progress Days. The new spreader holds 20 tons of low-density materials and features a 700 cubic-foot hopper, 70 feet larger than comparable equipment.
With Finning International's acquisition of Kramer Ltd. this past May, the fraternity of Caterpillar construction equipment dealerships in Canada became even more elite. This move leaves only eight CAT dealers operating 100 locations throughout the entire country. Nearly all of these are owned and operated by only three dealers, Finning and Toromont, both of which are publically held, as well as Hewitt Equipment.
A mid-year look at how dealers' expectations for 2015 are shaping up indicate that, on average, those responding to the July “Dealer Sentiments & Business Conditions Update” survey are looking for a year-over-year falloff of 15%. A year ago, dealers were forecasting a 6% year-over-year decline for 2014.
In an Inc. article, Jason Selk writes that to maintain profitability during times of adversity, leaders need to emphasize improvements and progress in their team. He says that while it may be easy to focus on the shortcomings of your team, this kind of thinking is detrimental to a business, especially in times of adversity.
Bolstered by strong sales to the livestock segment of the industry, sales of compact and mid-range tractors were among the few bright spots for farm equipment sales in 2014. Overall, sales of tractors 40 horsepower and lower were up for all of last year by 6.8%, while those in the 40-100 horsepower range rose by 8.9% year-over-year.
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.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.