Dealers are reporting a “significantly improved environment for new equipment pricing,” according to the most recent survey by UBS Investment Research of U.S. farm equipment dealers.
JP Morgan analyst Ann Duignan says that investors are wrestling with whether 2011 represents the peak of the ag equipment cycle, given that cash receipts could be at peak levels and farmers can take advantage of 100% accelerated depreciation.
USDA is forecasting that the 2011 crop — 2011 production and 2012 demand — will result in a record 13.5 billion bushels of corn production, and a 23% increase in ending corn inventories, to 900 million bushels.
No-till farmers throughout seven agricultural regions in the U.S. anticipate that their operating expenses for the current growing season will increase slightly more than 3% compared with the 2010 growing season.
AGCO’s Chairman and CEO, Martin Richenhagen, stirred things up in recent weeks when he charged that John Deere was slashing the prices of its tractors in South America in an effort to gain market share.
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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.