While the sales environment for ag equipment remained challenging this past year, at least a few of the shortline manufacturers reported increased revenues for the year.
Large ag equipment sales declines increased in January and marked the 36 month of year-over-year declines, according to Mircea (Mig) Dobre, an analyst with RW Baird. North American large tractor and combine retail sales decreased 32% year-over-year in January, down from the 22% decrease in December.
Ambitious plans for new products and expansion into new export markets — including the U.S. in time — could more than double the size of Keenan, the Ireland-based diet feeder manufacturer and animal nutrition consultancy acquired from bankruptcy by Alltech (see Ag Equipment Intelligence, May 2016).
The acquisition of U.S. self-propelled sprayer maker ET Works in January 2016 helped the Exel Industries Group of France increase revenues in its 2016 financial year.
As a result of this newest store, Ag-Pro now has 37 total locations across Georgia, Florida, South Carolina and Texas. The company has promoted CJ Thompson to store manager of the new location.
Ag equipment businesses with a rich heritage and an enthusiastic following should milk these assets for all they are worth, judging by the impact of a special run of Versatile tractors that helped Buhler Industries increase sales revenues last year when most manufacturers experienced a decline.
Ambitious plans for new products and expansion into new export markets — including the U.S. in time — could more than double the size of Keenan, the Ireland-based diet feeder manufacturer and animal nutrition consulting group acquired from bankruptcy by Alltech (see Ag Equipment Intelligence, May 2016).
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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.