Industry Insider

Ag Equipment Intelligence

Farm Equipment Sales Continue to Boom

Tomorrow the Assn. of Equipment Manufacturers will release June farm equipment sales figures, and if the current trends hold, they should be hefty as North American sales of large ag equipment continued to skyrocket through the first 5 months of 2013.
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Forecast & Trends

Dealers' Outlook Remains Strong for 2013

North American farm equipment dealers are maintaining a strong positive outlook for the remainder of this year, according to the latest Dealer Sentiments & Business Conditions Update survey. Overall, the dealers' 2013 industry outlook improved to 5% in April, up from 3% forecast in the previous month.
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Ag Equipment Intelligence

Falling Land Values Could Signal Ag's Boom is Slowing

Dealers looking for indicators of when the current boom in farm equipment sales may be softening should look at any signs that the value of farmland may be weakening. In terms of both accumulated cash and high levels of asset values, the current wealth of U.S. farmers may be unprecedented. This is showing up, not only in their high levels of purchasing capital equipment, but also in their acquisition of farmland.
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Ag Equipment Intelligence

U.S. Trails Canada in Farm Tractor Use

It may or may not come as a surprise to farm equipment industry observers, but the U.S. is not the biggest user of farm tractors on a per-capita basis. It's number two, trailing Canada as utilizing the highest number of farm tractors per 1,000 farmers.
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Forecast & Trends

Following a Strong 1Q, Deere Raises 2013 Outlook by 6%

The world's largest farm equipment maker, Deere & Co., reported last week that its first-quarter net income grew by 22% as the strong upward trend in ag machinery sales continued to demonstrate that ag fundamentals remain strong going into the 2013 planting season.
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