Both U.S. ethanol prices and production fell in 2012 compared with the previous year. And the chances are good that it won’t get a whole lot easier for producers in the year ahead.
North American ag equipment retail sales grew across all categories in January, as row-crop, 4WD, mid-range, and compact tractor sales increased 26.9%, 89.1%, 11.9% and 21.1% year-over-year, respectively.
On Feb. 11, USDA issued its initial 2013 estimates for farm net cash income and cash receipts and forecast a drop in net income of nearly 9%. The government economists also said that cash receipts will be slightly higher year-over-year.
North American farm equipment dealers are reporting that they’re seeing some reduction in price contribution to sales, and lead times from the factory, according to the most recent Dealer Sentiment & Business Conditions Update report.
Maybe it's all the talk about the "fiscal cliff"? or a general uncertainty in the overall economy that's causing equipment dealers serving the rural lifestyle and lawn and landscape markets to hold back on their projections for 2013.
According to a December survey of North American ag machinery dealers, incoming orders grew 2% on average in November, down from a level of 4% in October.
The strength of North American tractor sales during the last three years might lead one to believe that it’s always been this way, but dealers and others who have been around the business for more than a few years know better.
North American ag equipment retail sales grew across all categories in December. Year-over-year comparisons were positive for all equipment categories.
A significant, but unexpected uptick in North American tractor and combine sales in October is creating concerns with dealers about a build-up of used equipment taken in trade.
Each month when Ag Equipment Intelligence surveys North American farm equipment dealers, we ask them what surprised them most. Here are dealer responses from the last survey.
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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.