21st Century Equipment, a Bridgeport-based, regional John Deere dealership group, has announced management appointments for its newly-acquired locations.
Few will argue with the fact that the very generous depreciation rules for farm machinery introduced in 2008 have played a significant role in the protracted run of strong sales years for ag equipment dealers and manufacturers.
The last few years have been record years for North American tractor sales and for some it may be hard to remember a time when business wasn’t booming.
North American large ag equipment retail sales increased in December, with 4WD tractor sales up 6.9% year-over-year, combines up 37.1% and row-crop tractors increasing 13.9%, according to the Assn. of Equipment Manufacturers.
In addition to concerns about falling grain prices, several other factors could affect farm equipment sales in 2014 and possibly beyond, according to a recent note from analysts at RW Baird.
Equipment dealers who cater to hobby farmers, large property owners and landscapers are banking on the economy continuing to improve to boost sales in 2014.
The attraction of efficient emissions control technology and a global industrial complex is helping Fiat Powertrain (FPT) Industrial, the diesel engines division of the CNH Industrial group, win more customers and orders.
A new R&D center and an additional assembly line for tractor transmissions was opened by Carraro in India shortly before the group announced a substantial investment in new production facilities at its Italian factories.
After much speculation and talk of acquisition (Ag Equipment Intelligence, August 2013), Kubota Corp. has confirmed that it will enter higher horsepower sectors than it currently serves by building tractors up to 170 horsepower.
North American large ag equipment retail sales increased in November, with 4WD tractor sales up 1.9% year-over-year, combine sales up 25.8% and row-crop tractor sales increasing 7.2%, according to the Assn. of 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.