Despite falling grain prices and instability in its Ukrainian market, Titan Machinery reported its earnings for the second quarter on September 9 and said that it is on plan with its equipment inventory reduction and cashflow goals.
Source: Ag Flash Reports, Assn. of Equipment Manufacturers
With used equipment building up on many farm equipment dealers’ lots over the last several months, dealers are now less willing to accept trade-ins on high-horsepower equipment. According to the 34th UBS Agricultural Dealer survey, more than half (56%) of all dealers surveyed are "less willing" to accept used high- horsepower equipment trade-ins
With new factories and OEM supply contracts underpinning its growth, South Korea's LS Mtron continues to make waves in the compact and utility tractor market.
The decline in North American large ag equipment retail sales continued in July, with 4WD tractor sales down 20.8% year-over-year and combine sales down 30.1%, according to the latest figures released by the Assn. of Equipment Manufacturers.
Depending on the country and size of the equipment, global sales of farm machinery through much of the first half of the year are best characterized as “uneven.”
With new factories and OEM supply contracts underpinning growth, South Korea’s LS Mtron continues to make waves in the compact and utility tractor market.
It’s not uncommon for tractor manufacturers to strike co-production and marketing agreements, but a deal between Claas and Same Deutz-Fahr for tractors in the 70-110 horsepower range appears to have greater strategic significance than usual.
Farm equipment dealers see the 2014 slowdown in sales as probably the beginning of a period of softer farm equipment sales, particularly in high horsepower machines, that in all likelihood will stretch into 2015.
PrairieLand Partners, a 9-store John Deere dealership group in Kansas, was formed in 2008 via the merger of Deer Trail Implement, Conrady Western and Pankratz Implement. Doug Neufeld, CEO of PrairieLand, shares his analogy of the importance of getting people in the best role for them within the organization.
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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.