Compared to dealers carrying other major brands of equipment, and even the independents that specialize in shortline products, Kubota dealers are easily the most optimistic going into 2017 — by a long shot.
As a group, more North American farm equipment dealers appear to be more hopeful about their prospects for increasing revenues going into 2017 than they did going into 2016.
While German farm equipment manufacturers saw a slight uptick in exports during the first 6 months of 2016, U.S. ag machinery makers weren’t as fortunate.
Although a few more dealers say their early equipment orders are up compared to this time last year, overall, new farm machinery order books continue on a downward slide that began 3 years ago.
Agricultural lenders are keeping a close eye on farmer finances, which includes trends in farmland values. Federal Reserve Banks throughout Mid-America are reporting that land values generally trended downward in the second quarter of 2016.
In its second-quarter survey of lenders the St. Louis Federal Reserve Bank (7th District) asked the ag lenders to assess the overall change in the financial condition of their ag borrowers (farmers and/or ranchers) compared with the prior year, based on 5 categories ranging from significant deterioration to significant improvement.
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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.