Our data allows us to take a very objective view of the current situation in the agricultural equipment markets and all are pointing toward a solid base building this year. There are concerns about the export markets from several perspectives.
There are definitely signs that there is some strength building into the tractor markets as the year continues to progress. Confidence on rural main street remains high even though the political in-fighting in Washington D.C. roils.
Here is Glass Management Group’s discussion and analysis of the farm equipment sales report issued by the Assn. of Equipment Manufacturers on April 10, 2017.
There is a renewed sense of confidence within the country these days and the latest jobs report certainly supports these sentiments. This latest report nearly doubled the projected increase in jobs for the month of February and showed an increase in full time positions for the first time in many months.
After the release of our 2017 forecast last November, we have received several communications from readers who seem to have the same question; “What planet are you from?” They did not agree with our forecast and, from the looks of things, they might be right!
This past year has been one of the most trying years in recent history for farm equipment manufacturers and dealers alike with precipitous declines in the large tractor markets and the combine market. If you were in an area where small horsepower tractors dominate, you have a bit of a smile on your face as this year draws to a close.
2016 is shaping up to be a difficult year but there are some bright spots shining through. U.S. farmers continue to exhibit some financial strength and that should allow them to take advantage of any future buying opportunities that might arise.
Machinery manufacturers and dealers in Italy received a welcome boost in 2015 when the market for tractors and combines broke both national and Europe-wide trends to record an increase in sales over the prior year.
Deere & Co. released its retail sales commentary for August 2014 on August 11. The company reported that industry sales of utility tractors were up 9% for the month; Deere’s sales in this category were up more than the industry.
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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.