The Ditch Witch organization recognized Brandt Tractor Ltd. of Regina, Saskatchewan, with its Top Dealer Worldwide Award the highest honor for a Ditch Witch dealership's worldwide sales volume.
A significant majority of the specialty equipment makers that Ag Equipment Intelligence spoke with at the Farm Equipment Manufacturers Assn. last month in San Antonio,Texas, reported their sales levels were solid through the first half of 2014.
Managers at its parent company Bucher Industries credited Kuhn Group with achieving ‘outstanding profitability’ when it reported record results for the Swiss group and its agricultural equipment division.
Titan Machinery reported it made solid progress in reducing its equipment inventory, and, overall, the company’s fourth quarter 2014 earnings surpassed analysts’ expectations despite a year-over-year decline in revenues for the period.
Cervus Equipment, John Deere’s biggest ag equipment dealer group in Western Canada, saw a 23% jump in revenues for 2013, but margin pressures pushed net profits down by 1.3% for the year.
If Western Canadian farmers can get their crops to market, 2013 will have been a record year for much of the country’s agricultural sector, and ag machinery dealers didn’t have much to complain about either.
While Rocky Mountain Dealerships posted a 4% gain in overall sales for 2013, its fourth quarter numbers took a hit as the dealer group focused on reducing equipment inventories and its construction equipment segment continued to falter.
USDA’s initial forecast for 2014 net farm income is $34.7 billion lower than current expectations for 2013, but is $8 billion higher than the average of the previous 10 years.
Harvest machinery specialist Claas not only celebrated its 100th anniversary in 2013, it also posted another record set of financial results. Group sales were up 11% on the prior financial year ended September 30, hitting the equivalent of almost $5.2 billion at current exchange rates.
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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.