It’s not a secret or surprising that farmers first look at reducing or totally eliminating purchases of equipment when they need to cut costs. This reality was further reinforced by a recent survey of more than 500 farmers by Farm Journal Media and posted on its AgWeb.com website on April 7.
Rising employment levels are almost always a positive sign indicating a business is growing. That being the case, landscape contractors are on a roll — again.
Landscape contractors, one of the prime market segments for rural lifestyle and outdoor power equipment dealers, continue to show strong growth potential in 2017.
Like the rest of the industry, including dealers and manufacturers of ag equipment and consumable products, U.S. farms are also consolidating and getting larger.
It’s not getting any easier for farmers to borrow funds for ongoing operations, let alone ag equipment. Farm lenders are taking a much closer look at crop producers’ loan status as concerns about repayment are starting to grow.
North American large ag equipment sales turned positive with 10% year-over-year growth in February (U.S. +13%) after 36 months of consecutive declines, according to Mircea (Mig) Dobre, an analyst with RW Baird.
Tractor sales in Germany — the second largest EU market by unit volume after France — saw a decline for the third year running in 2016 as many farmers and custom operators deferred replacements in light of commodity price levels.
Ag producers’ confidence surged during January. That’s according to the latest reading of the Ag Economy Barometer, which is compiled by Purdue University and the Center for Commercial Agriculture.
Large ag equipment sales declines increased in January and marked the 36 month of year-over-year declines, according to Mircea (Mig) Dobre, an analyst with RW Baird. North American large tractor and combine retail sales decreased 32% year-over-year in January, down from the 22% decrease in December.
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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.