Like other equipment dealers in the North Central U.S. and Western Canada, the late spring impacted Titan Machinery’s fiscal year 2019 first quarter sales.
The Equipment Dealers Assn. (EDA) in May released the results of its 2018 Dealer-Manufacturer Relations Survey. EDA conducts the survey annually, in which dealers rate the manufacturers whose products they carry in-store.
As planting ramps up after spring was slow to arrive in many parts of North America, farmers will be closely monitoring their early-season fertilizer applications to ensure crops get off to a strong start.
Use of nitrogen stabilizers are a staple on some farms to prolong the effectiveness of spring-applied nutrients. But a new company is beta-testing a unique alternative to chemically-applied nitrogen inhibitors.
Growing concern among farmers over international trade conflicts has made them more cautious in making large investments, such as buildings and farm machinery, according to the Ag Economy Barometer survey from Purdue University and CME Group.
For the first quarter of 2018, AGCO raked in $2 billion in net sales, a 23.3% increase compared to the same 3 month period the year prior. And with the stage set, the company expects sales to reach around $9.3 billion by the year’s end.
North American large ag equipment unit sales were mixed in April, with overall unit sales up 2% year-over-year. Both U.S. and Canada had growth in combine sales (U.S. +59%), but that was partially offset by declines in 4WD tractors (Canada –28%) and row-crop tractors, according to the latest numbers released by the Assn. of Equipment Manufacturers.
CNH Industrial, parent company of Case IH and New Holland Agriculture, reported a 15% net sales increase of agricultural equipment in the first quarter of 2018 compared with the first quarter of last year.
John Deere used Agrishow, one of the largest farm shows in Brazil, to launch the Rural Connectivity Program. The initiative’s aim is to improve internet connectivity in Brazil to enable Brazilian farmers to better use Deere equipment.
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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.