The Equipment Leasing and Finance Assn.’s (ELFA) Monthly Leasing & Finance Index (MLFI-25), showed overall new business volume for December was $12.7 billion, down 1% year-over-year from new business volume in December 2017.
According to USDA’s Economic Research Service’s agricultural trade projections, U.S. ag exports are projected to total $141.5 billion in fiscal year (FY) 2019, while ag imports are expected to total $127 billion. This would indicate a trade surplus of $14.5 billion.
John Deere continues to be the top selling tractor in France, the EU’s largest market for farm equipment, according Axema, the trade association representing farm equipment manufacturers.
While fourth quarter sales figures had not been released as of this writing, it’s clear that 2018 was a challenging year for the Argentinian agricultural machinery industry. Reportedly, some companies were unable to meet their payrolls in December.
Reductions in headcount and other measures to improve cost efficiency concluded a tough year for staff and management at Buhler Industries, which has reported the company’s biggest ever financial loss and a C$24 million or more than 7% drop in revenues for 2018 from the year prior.
Slightly fewer dealers who focus on the rural lifestyle segment of the equipment business expect 2019 revenues to match the levels they experienced in the past year. Nonetheless, a majority of them anticipate solid sales revenues during the next 12 months.
Tractor and combine sales for 2018 showed a very good increase in nearly all categories and that growth will continue into 2019. Our models indicated growth above the normal replacement activity and that should provide for another good year ahead.
The Assn. of Equipment Manufacturers' December U.S. Ag Tractor and Combine Report shows all machine categories recorded year-to-date growth as 2018 closed out.
Results of the December 2018 Purdue University/CME Group Ag Economy Barometer indicates that U.S. farmers aren’t sure making capital expenditures for their farms is a good idea just yet.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
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.