As the line goes from the ‘60s song by the Byrds, “Turn! Turn! Turn!” — this may be the time for dealers to “Build Up.” We’re talking brick and mortar here.
2009–2012 was a booming time for agriculture around the world. Commodity prices were high, and on-farm income was at record levels. As a result, ag equipment dealers’ lots were filled with both new and used equipment.
Iowa start-up Salin 247 field testing autonomous electric drive unit for planting in Iowa and Tennessee fields. Prototype machine also offers post-emergence capabilities in spraying and side-dressing.
With a lifetime of farming experience and degrees in agronomy and economics, Dave Krog says he’s trying to whittle variable and fixed costs from today’s equipment outlays with an electric, autonomous drive unit aimed squarely at the 24-row planter.
Remember when your dealership was a stand-alone operation? The distance from your boardroom to the breakroom was measured in feet. Now with acquisitions and expansion into big multi-location dealers, some of which span states, that distance is measured in miles.
Several times over the years, attendees of our Dealership Minds Summit (DMS) extended high praise to our editors in foreseeing key challenges 6-9 months in advance and hosting a networking venue to prep them before that topic hit code-red. Among them was our “Succession Planning & Next-Generation Management” for the 2015 DMS and “Used Equipment Remarketing” for 2017.
What a crazy end to 2021, and what a crazy start to 2022. Lead times haven’t gotten better, and in some cases they have gotten worse. Chip shortages are still an issue, and we likely won’t see much relief in the near term.
Sell tractors, fix them, collect the money and innovate.
Farm equipment dealerships are not considered the most innovative industry, although remarkable innovations occur there on nearly a daily basis.
Seattle autonomous equipment firm unveils pull-behind laser weeding machine to supplement existing farm equipment fleets with pin-point weeding ability, no ground disturbance, and no chemical residues.
It could be said that the service department is the lifeblood of the dealership. Yet, the service department often presents the most challenges for dealers.
Executive editor Kim Schmidt checking in from Farm Equipment headquarters with an update on 2025 Dealership Minds Summit set for July 29-30 in Iowa City.
The program is out. Check it out at DealershipMindsSummit.com.
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.
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