During the 8 years that Ag Equipment Intelligence has formally tracked farm equipment dealer consolidations in the U.S. and Canada, the number of big dealers — those operating 5 or more retail locations concentrating on the sales of farm machinery — have increased by 26.5%.
For most, the negative impact of currency translation and the continuing headwinds from agricultural commodity prices meant double digit loses for full-year farm equipment-related net sales.
While North American large ag equipment sales continued to weaken in February, mid-range and compact equipment sales experienced growth during the month, according to the latest numbers released by the Assn. of Equipment Manufacturers.
Dutch manufacturer Zuidberg is planning a major investment in its agricultural tracks business by manufacturing traction belts in a new factory that will expand its current facilities by one-third.
In their February report, Rabobank analysts Kenneth Zuckerberg and Sterling Liddell anticipate that commodity prices will stabilize over the next 5 years to near break-even levels.
First evidence in North America of AGCO’s efforts to reduce production costs by rationalizing its worldwide tractor platforms emerged at the National Farm Machinery Show, Feb. 10-13 in Louisville, Ky., with the launch of the Massey Ferguson 4700 Series.
There are key differences between allowances under Section 179 and bonus depreciation. Understanding how to best apply each can improve the dealer’s sales process and aid farmers in making smart decisions in their capital equipment purchases.
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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.