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On the Record

How Will Drought Impact Equipment Sales?

April 23, 2015

In today’s newscast we dig into how the drought in California is impacting farm equipment dealers’ sales, the final installment of Dave Kanicki’s JCB interview, farmers spending plans for precision technology, the ag equipment market in Europe and more.

Russian Deere Dealer Struggles to Stay Afloat

April 1, 2015 | Posted in Data & Trends, Equipment & Equipment Sales

Russian dealer, Ekotechnika Group, which claims to be one of John Deere’s top three dealers in Europe, is blaming the collapse of the ruble and deteriorating financial and credit conditions in the country for its need to restructure its debt load.

Equipment Sales Competing with Rising Crop Production Costs

July 1, 2014 | Posted in Commodities

Along with other variables, equipment dealers also compete with rising production costs for farmers’ dollars.

No-Till Farmers Report 2.5% Gain in Profits; Equipment Purchases Decline Across all Segments

April 1, 2014 | Posted in Data & Trends

The results from an annual survey of U.S. no-till farmers reveals that despite a downturn in grain prices and some challenging springtime weather, 2013 produced the highest crop yields in several years.

Huge Jump in Ag Sales Pushes Cervus’ Profits Up by 17.3%

August 1, 2013 | Posted in Earnings Reports

Farm equipment sales in western Canada remained robust through the second-quarter as one of John Deere’s largest retailers of ag machinery in the region, Cervus Equipment Corp., posted record revenues for the period.

Following Big 2Q, AGCO & CNH Raise Outlook

August 1, 2013 | Posted in Data & Trends, Earnings Reports

Not only did CNH and AGCO see significant gains in revenues and net income during the second quarter ended June 30, 2013, but both farm equipment makers also saw healthy increases in margins that bolstered the companies’ forecasts for the remainder of the year and into 2014.

‘Softer Sales’ Results from Rocky Mountain’s Push to Reduce Inventories

August 1, 2013 | Posted in Equipment & Equipment Sales

Rocky Mountain Dealerships’ posted revenue gains of 5.5% in the second quarter as the dealership group made a concerted effort to reduce its equipment inventories.

Strong Revenues, Margins in Deere’s F3Q, But F4Q to Decline

August 1, 2013 | Posted in Data & Trends, Earnings Reports

Deere & Co.’s third-quarter 2013 results easily surpassed analysts’ expectations as the world’s largest ag equipment maker posted a 26% increase in income on a 4% gain in net sales and revenues. At the same time, Deere said it expects a weaker fourth quarter in this fiscal year.

Despite Solid 1Q Ag Earnings, CNH Sees Softer Sales for Year

May 1, 2013 | Posted in Earnings Reports

CNH Global turned in a solid performance for the first quarter of 2013, but the heavy equipment maker doesn’t expect the same results in terms of unit sales for the remainder of the year.

Lindsay Posts Strong 2Q, Cautious About Second Half of 2013

April 1, 2013 | Posted in Earnings Reports, Equipment & Equipment Sales

Despite strong numbers in its second reporting period of 2013, Lindsay Corp., the Nebraska-based manufacturer of irrigation equipment for agriculture, isn’t at all sure the sales momentum will sustain itself through the remainder of the year.

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Dealers Expect Parts & Service Growth in 2025, Declines in Equipment Sales

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.

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