Surrounded by hay fields, the newest addition to the Agri-Service network in Idaho, Utah, Washington and Oregon has opened its doors just outside of Blackfoot, Idaho.
Any time a locally owned company with 53 employees and between $35 million and $40 million in annual gross sales is sold to an out-of-state corporation, as was the case when Triple W Equipment in Missoula was sold to RDO Equipment earlier this summer, there can be cause for consternation.
Already a mainstay for new and used tractors, heavy farm equipment, and a wide variety of lawn care and maintenance products, Southern Tractor and Outdoors has added a second location in Albany, Ga., to its flagship location in Moultrie.
In response to increasing grower demand and as a result of Atlantic Tractor & Equipment’s decision to serve the agricultural industry with only CAT products, CLAAS of America has made immediate plans to expand its dealer presence on Prince Edward Island with the addition of its newest dealer, Allan Equipment.
North American large ag equipment declines continued in June, with 4WD tractor sales down 26.5% year-over-year, combine sales down 39.7% and row-crop tractors down 11.8%, according to the latest report released by the Assn. of Equipment Manufacturers.
Data on Eastern European agriculture and ag equipment sales is less frequently reported on than other areas of the world as information coming out many of these countries, is sparse at best.
To begin the second half of 2015, equity research analysts’ views for the stocks of major farm equipment manufacturers shift to neutral with most taking “hold” positions on AGCO, Deere and CNH Industrial stocks.
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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.