Predicting a "challenging environment" ahead for revenue growth as crop prices slip, Case IH dealership chain Rocky Mountain Equipment is set to expand further into Manitoba.
German implement manufacturer Amazone moved backward to progress forward last year, becoming the first manufacturer in a long while to start building moldboard plows at a time when soil conserving, non-inversion minimum tillage techniques are all the rage.
Conditions continue to be challenging for large ag equipment sales, as highlighted by the latest sales report released by the Assn. of Equipment Manufacturers.
A little over a year ago, Jim Tibbles, executive vice president of Osmundson Mfg., a manufacturer of tillage tools in Perry, Iowa, told us that he believed softening ag equipment sales in 2014 would represent a return to normal levels rather than a falloff.
Passage of the Section 179 and Bonus Depreciation tax incentives in late December probably helped some, but not enough to meaningfully reduce new and used farm equipment inventories on dealers’ lots.
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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.