In RW Baird’s “2016 Outlook” report (Dec. 22, 2015), analyst Mircea (Mig) Dobre, summarized his thoughts on the year ahead. "2016 likely marks the bottom in NA large ag equipment declines, but excess channel inventory is still an issue limiting a potential rebound in 2017..."
North American large ag equipment sales declines moderated during December, but mid-range sales were weak, according to the latest numbers released by the Assn. of Equipment Manufacturers.
John Deere gave its retail sales comment for December 2015 following the release of industry-wide unit sales for the month and year by the Assn. of Equipment Manufacturers on Jan. 12.
Addressing the question, “When do you see a rebound in store for the agricultural sector?” Samuel Allen, Deere & Co. chairman and CEO, said in the company’s 2015 Annual Report, “Nobody knows the answer, but we do know the current downturn is about too much supply, not too little demand.
At least a few farm equipment dealers who responded to Ag Equipment Intelligence's Dealer Sentiments Business Conditions survey in December indicated that their used machine situation was improving. But conditions are still generally difficult.
Engine manufacturers have started unveiling technical solutions to meet a further step in off-highway diesel engine emissions regulation planned by the European Union.
North American large ag equipment sales declines continued during November, with 4WD tractor sales down 37.6% year-over-year, combine sales down 22.7% and row-crop tractor sales down 38.2%, according to the latest numbers released by the Assn. of Equipment Manufacturers.
The global business climate for agricultural machinery remains weak going into the final months of 2015, according to the Agrievolution Alliance’s most recent survey of ag equipment manufacturers.
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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.