Earlier this year, Ag Equipment Intelligence surveyed U.S. and Canadian farm equipment dealers on their major sources for equipment loans. Overall, 61% of dealers reported that customer loans for purchasing equipment came from their manufacturers. But the percentage varied widely depending on the brand of equipment.
Nearly two-thirds of farm equipment dealers surveyed in earlier this year expect higher interest rates on retail equipment will cause their farm customers to think twice before deciding to buy new equipment in 2018.
RDO Equipment Co. has announced the acquisition of Washington-based equipment dealership Evergreen Implement. This adds stores in Coulee City, Moses Lake, Othello, Pasco and Ritzville to RDO Equipment Co.’s existing network, which includes Pasco and Sunnyside in Washington.
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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.