Hemp acreage has plummeted over the past 5 years, but there still is an active market with plenty of potential — and plenty of specialized equipment needs
When the 2018 Farm Bill removed hemp from the controlled substance list, there was a lot of excitement over the potential of this “new” agricultural crop.
Krone North America and Northeast Farm Sales and Service, a single-store Kioti and LS Tractor dealer based in Irasburg, Vt., recently resolved a lawsuit centered around alleged agreement violates, according to a Jan. 30 report from Foley & Lardner.
Townline Equipment, a family-owned Kubota dealership group with locations in New Hampshire and Vermont, has purchased the 3 Sharon Springs Garage Kubota dealership locations in Troy, Sharon Springs and Oneonta, N.Y.
Over the past 15 years, Champlain Valley Equipment, a 5-store New Holland, Case IH and Kubota dealership in Vermont, has acquired six other dealerships. In several cases, the selling owner was offered a new position within the dealership. Brian Carpenter, general manager of Champlain Valley, says making the transition from owner to staff member has gone smoothly in each case.
“We’re a small ag dealer in Vermont where 90-95% of our ag business is with dairy producers. We’re not enjoying all the spoils of our Midwestern counterparts and continue to operate in a very cyclical and volatile ag sector. Add to this the conservative nature of our region’s farmers and the continued climb of equipment prices, and it makes for a very challenging business climate.
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.
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