In addition to concerns about falling grain prices, several other factors could affect farm equipment sales in 2014 and possibly beyond, according to a recent note from analysts at RW Baird. Among the other issues highlighted in the asset management firm’s January 7 “2014 Outlook: An Update on Commodity, Business and Inventory Cycles” report were dealers need to destock equipment inventories, price increases on new farm machinery and the current age of the farm fleet.
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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.
