Antonio Carraro of Campodarsego, Italy, a manufacturer of compact tractors for specialized agriculture (vineyards and orchards), closed its books for 2016 with a turnover of more than €83 million ($88 million) with an EBITDA close to 10% and a net profit of €2 million ($2.1 million).
Large ag equipment sales declines increased in January and marked the 36 month of year-over-year declines, according to Mircea (Mig) Dobre, an analyst with RW Baird. North American large tractor and combine retail sales decreased 32% year-over-year in January, down from the 22% decrease in December.
Supply and demand is alive and well in the U.S. agricultural economy. Harvest of U.S. crops has begun and brings with it a great expectation of a record yields. Like a huge seesaw, high demand for a commodity elevates the prices customers are willing to pay for that product and when there is an excess worldwide inventory, prices fall to meet the slowing demand.
Supply and demand is alive and well in the U.S. agricultural economy. Harvest of U.S. crops has begun and brings with it a great expectation of a record yields. Like a huge seesaw, high demand for a commodity elevates the prices customers are willing to pay for that product and when there is an excess worldwide inventory, prices fall to meet the slowing demand.
Each time that Farm Equipment surveys dealers used equipment continues to be among their biggest worries. The past effects of Section 179 Bonus Depreciation has filled dealer's lots with a large number of relatively new, low hour tractors, combines and other equipment and these units have had an effect upon the sale of new equipment.
Planting is completed and the crop is beginning to reach the point of showing what the harvest might look like and all eyes are on commodity prices. Some farmers were astute enough to hedge their production costs earlier when commodities were selling at acceptable levels.
For the largest categories of tractors and for combines the general economy certainly has an indirect effect upon sales activity at the dealerships. Rising commodity prices, a boon for farmers, ranchers and dealers, is reflected in an increased grocery bill for the consumer and is often accompanied by a resistance to paying the higher price for premium items.
North American large ag equipment sales continued to decline in October, according to the latest numbers released by the Assn. of Equipment Manufacturers.
North American large ag equipment sales declines continued in September. According to the latest unit sales figures released by the Assn. of Equipment Manufacturers, 4WD tractor sales are down 48.6% year-over-year (down 54.7% last month), combine sales fell 25.6% (down 28.1% last month), and row-crop tractor sales decreased 40.4% (down 30.9% last month).
North American large ag equipment sales declines accelerated in August. 4WD tractors sales saw the biggest decline at down 54.7% year-over-year (down 30.1% last month), combines sales dropped 28.1% (down 22% last month) and row-crop tractor sales declined 30.9% vs. the same period last year (down 22.9% last month), according to the latest unit sales figures released by the Assn. of Equipment Manufacturers on Sept. 10.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.