The Ag Economy Barometer drifted lower in January to a reading of 167, a decline of 7 points compared to December and equal to the index’s November reading.
According to results from the January 2021 Dealer Sentiments & Business Conditions Update, surveyed dealers reported their used combine pricing was up 1% in December 2020, the first time pricing has reached a positive reading since 2012.
The general Business Climate Index for the Agricultural Machinery Industry in Europe has continued to increase sharply after having reached the positive range in October for the first time since mid-2019. In January 2021, the index is at +44 points (on a scale of –100 to +100).
Fewer new loans to farmers continued to drive a pullback in agricultural lending activity. A historically low number of new loans contributed to an increase in average loan size and drove a slight decrease in the overall volume of non-real estate loans at commercial banks in the fourth quarter.
Despite the year’s challenges, 2020 saw increases in all categories of U.S. farm equipment sales, while Canada struggled with its larger equipment sales.
Ag Equipment Intelligence has gathered financial data from the filings of the ag industry’s key publicly-traded manufacturers and compiled its own list of these companies’ executives’ compensations. This data is updated on a regular basis and is available exclusively to Ag Equipment Intelligence paid members.
Ag equipment manufacturers reported industry recovery continued to move forward in the third quarter with significant improvement in the latest Agriculture Industry Conditions survey conducted by the Assn. of Equipment Manufacturers (AEM) in October 2020.
Rural equipment dealer confidence had been soaring for 2 years. Then 2020 happened — a year like most had never experienced. Uneven demand. Uncertain supply chains. Rising costs.
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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.