CNH Global reported on January 31 that its net income for the fourth quarter of 2012 rose slightly to $195 million from $193 million for the last quarter of 2011.
The strength of North American tractor sales during the last three years might lead one to believe that it’s always been this way, but dealers and others who have been around the business for more than a few years know better.
The final tally for ag equipment sales is not yet in for the current year, and the larger than usual number of variables dealers and manufacturers are confronting is clouding visibility into 2013.
USDA’s crop acreage report revised the corn-planted acres down to 87.9 million acres compared with 88.8 million acres in March, but it was much lower than industry expectations of 89.3 million acres.
While North American sales of large farm equipment maintained its strong growth trend in seasonally important March, sales of compact tractors showed its first positive signs in nearly 2 years.
Perhaps the most reliable tool for industry forecasters to base their prognostications on trends in the sale of farm equipment sales is the situation in grain pricing.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.