An especially long and bitter Canadian winter cut into Rocky Mountain Dealership’s sales and inventory turnover, say company executives in reporting its first quarter 2018 results.
A report from global management consulting firm McKinsey & Co. maintains that, despite the “massive advances in computing power, data analysis and connectedness,” the agricultural and construction industries are lagging behind other sectors when it comes to “productivity gains associated with digitization.”
At least one prognosticator is suggesting that “due to an unusual confluence of factors” the price of corn could double to $8 per bushel in the next few years. In the April 9, 2018, issue of Barron’s, Simon Constable says these factors include “declining output, an ethanol-led demand surge in China and likely brutal weather.” (Corn Prices as High as an Elephant’s Eye?)
Titan Machinery Inc., announced it has entered into a definitive purchase agreement to acquire all interests of two companies, AGRAM Landtechnikvertrieb GmbH and AGRAM Landtechnik Rollwitz GmbH.
Tractors and Farmer Equipment, TAFE, one of India’s largest tractor makers has acquired Serbian tractor maker IMT (Industrija Masina i Traktora). IMT manufactures equipment between 35-220 horsepower and the brand is well established in Eastern Europe, Northern Africa and the Balkans.
The long running farm equipment exhibition, ExpoDireto, was held March 6-9 in the state of Rio Grande do Sul. The event typically runs during one of the key times for agricultural producers in southern Brazil to seek special credit lines to purchase farm machinery, particularly harvesters, seeders, sprayers and irrigation pivots.
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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.