While fourth quarter sales figures had not been released as of this writing, it’s clear that 2018 was a challenging year for the Argentinian agricultural machinery industry. Reportedly, some companies were unable to meet their payrolls in December.
Slightly fewer dealers who focus on the rural lifestyle segment of the equipment business expect 2019 revenues to match the levels they experienced in the past year. Nonetheless, a majority of them anticipate solid sales revenues during the next 12 months.
Tractor and combine sales for 2018 showed a very good increase in nearly all categories and that growth will continue into 2019. Our models indicated growth above the normal replacement activity and that should provide for another good year ahead.
“The 2019 farm economy is going to be influenced by several ongoing issues. Those include the global trade war; strong U.S. and world economies; favorable 2018 weather with record crop yields; and a new farm bill covering the 2019 to 2023 crops,” says Chris Hurt, professor of agricultural economics and editor of the Purdue Agricultural Economics Report: 2019 Agricultural Outlook.
Recently, Ag Equipment Intelligence visited with industrial and agricultural analyst Mike Shlisky about what farm equipment dealers he’s spoken with are saying about the sales outlook for 2019.
With new customers for our agricultural products coming into view in 2019 and the prospects of real progress in the dispute with China, there is reason to be optimistic about U.S. agriculture in the near future.
While most districts said conditions had largely softened, the districts furthest south (Dallas) and west (San Francisco) noted improvement in their areas.
The new rules for lease accounting approved by the Financial Accounting Standards Board go into effect for financial periods starting after Dec. 15, 2018 for public companies, after Dec. 15, 2019 for private companies, and with a modified application for any other financial period presented.
With Internet of Things (IoT) technology becoming critical to equipment manufacturers, questions about data ownership are coming with increased frequency. And the answers aren't obvious.
Our models consist of historic data models that track net farm income, net farm cash income, commodity prices, currency exchange rates, worldwide agricultural market data and other factors that influence the purchase of tractors and combines in the U.S.
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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.