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Farm Profitability Top Factor Impacting Equipment Purchase Plans

November 18, 2022 | Posted in Data & Trends

In this episode we look at the top factors growers say are impacting their decisions to purchase equipment in 2023. In the Technology Corner, Noah Newman takes a closer look at Precision Planting’s new sprayer technology ReClaim. Also in this episode, Kubota’s 9 month U.S. sales break $5 billion and a preview of Ag Equipment Intelligence’s latest research report “Autonomous Farm equipment: U.S. Farm Adoption & Outlook.”

Canadian Combine Inventories Forecast to Remain Tight

November 17, 2022 | Posted in Data & Trends

According to a Nov. 8 report from Canadian ag lender Farm Credit Canada, Canadian combine inventories are forecast to remain tight into the end of 2024.

CEMA november 2022

EU Ag Equipment Sentiment Continues to Improve

November 16, 2022 | Posted in Data & Trends

The general business climate for the ag equipment industry in Europe has improved for the second month in a row, according to the latest update to the CEMA Business Climate Index.

Ag Equipment Data Points

Employment Cost Index — 2017-22

November 15, 2022 | Posted in Data & Trends

Labor cost has increased about 20% over the last five years and is difficult to find during peak planting and harvesting, particularly when the work window closes up with inclement weather conditions.

Large Ag Equipment Sales Strong in October

November 15, 2022 | Posted in Data & Trends

Large ag equipment unit sales rose 29.6% year-over-year, with strong growth in combine and row-crop tractor sales, according to analysis from RW Baird analyst Mircea (Mig) Dobre.

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Examining Canadian Ag Implement Imports by Country

November 15, 2022 | Posted in Data & Trends

Data from Statistics Canada on the country’s agricultural implement manufacturing industry (NAICS 33311) reveals that 59.4% of all Canadian ag implement manufacturing imports came from the U.S. in 2021.

Producer Price Index Percentage Changes — Ag Equipment & Parts Segment

November 15, 2022 | Posted in Data & Trends

Farm plows, harrows, rollers, pulverizers and attachments reported the greatest year-over-year price increase in October, up 29.3% from October 2021. Harvesting machinery and attachments had the highest month-over-month price increase at +6.7%.

Farmers Focusing on Farm Profitability, Price Increases for 2023 Equipment Purchases

November 15, 2022 | Posted in Data & Trends

The ag equipment industry is facing a variety of challenges at the moment: new equipment shortages, rising interest rates and fear of a global recession, to name a few. This has some in the industry wondering: which factors are impacting equipment purchase plans for next year the most?

Growers' Investment Plans Remain Down on Equipment Price Increases

November 1, 2022 | Posted in Data & Trends

According to the latest Ag Economy Barometer from Purdue University, 40% of growers who said now is a bad time to make large investments were most worried about the rising prices of farm machinery and new construction.

CEMA business climate index october 2022

European Ag Equipment Business Climate Continues Sideways Movement

October 17, 2022 | Posted in Data & Trends

According to the October update to the CEMA Business Climate Index, the index's development has continued its sideways movement after the declines in the course of the war in Ukraine.

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Dealers Expect Parts & Service Growth in 2025, Declines in Equipment Sales

Dealers Expect Parts & Service Growth in 2025, Declines in Equipment Sales

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.

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