While the excessive backlog of used farm machinery has captured much attention for the past few years, high new ag equipment inventories are also posing major challenges for North American equipment dealers. Of course, the precipitous drop in used prices added much of the urgency surrounding growing inventories.
Six years ago when Ag Equipment Intelligence initiated its Dealer Sentiments survey, a net 26% of dealers reported new equipment inventories were “too low.” The last time…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
