Articles by Kim Schmidt

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On the Record

Machinery Costs Put Pressure on Net Farm Income

Happy New Year! The latest episode of On the Record is now available. In this week’s program, we look at how machinery costs for Minnesota farmers is keeping net farm income down despite growth in gross farm income. We also look at which dealers made the most M&A moves during 2018, dealers precision farming sales outlook for 2019, Buhler Industries’ year-end results and the potential for improved dairy prices in 2019.
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On the Record

As 2018 Closes, Some Ag Optimism Going into New Year

The latest episode of On the Record is now available! In this week’s episode we take a look at how accurate USDA ERS’ farm profitability projections are. Other topics in this episode include forecasting future precision growth, dealers concerns going into 2019, how November U.S. large ag equipment sales compare to the 5-year average and dealers’ views on their used equipment inventories and used equipment pricing.
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On the Record

Analyst Bullish on Deere, Titan Machinery

The latest episode of Ag Equipment Intelligence's On the Record is now available! In this week's program, we share one analyst's 2019 outlook for Deere & Co. and Titan Machinery in addition to Deere CEO & Chairman Samuel Allen's concerns over the lasting impact tariffs could have on U.S. farmers. We also discuss Ag-Pro Companies expansion into Ohio and the dealership's rapid growth since 2014. Also in this episode: technology lessons from the auto industry, changes in farm profits and farmers' income and an improvement in producers' interest in making large investments, like machinery.
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On the Record

European Dealers Rate Their Top Tractor Brands

The latest episode of On the Record is now available! In this week's episode we review a recent report by the Federal Reserve Bank of Minnesota on farm bankruptcies. While the trend is on the rise, it hasn't yet reached its peak. Also in this episode: the top tractor brands rated by European farm equipment dealers, how one dealer is expanding its agronomic services, Deere & Co.'s fourth quarter and fiscal year 2018 results and an improvement in dealers' used equipment inventories.
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On the Record
On the Record

Partnership with FarmersEdge Gives CNH Dealers Access to FarmCommand Platform

The latest episode of On the Record is now available! In this edition, we report on an improvement in producer sentiment according to the latest Ag Economy Barometer from Purdue University. We also discuss the new agreement between Farmers Edge and CNH Industrial. A number of manufacturers and dealers reported their latest earnings in the last week, including Cervus Equipment, Rocky Mountain Dealerships, AGCO, CNH Industrial and Alamo Group. In addition to its third quarter earnings, Rocky Mountain also announced plans to open an outlet store for late-model used equipment in the U.S.
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On the Record

Department of Homeland Security Identifies 3 Unique Threats to Precision Farming

The latest episode of Ag Equipment Intelligence’s On the Record is now available! In this week's broadcast we look at how dealers' sales outlook for 2018 compares to that of the OEMs, cyber-based security threats to precision farming and an increase in non-real estate farm loans. In addition, we look into the University of Missouri's Food and Agricultural Policy Research Institute's forecast for net farm income in 2018 and 2019, North American ag equipment sales through the first three quarters of 2018 and an improvement in irrigation equipment sales for Lindsay.
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On the Record

Will USMCA Alleviate U.S. Dairy Supply Situation?

The latest episode of Ag Equipment Intelligence’s On the Record is now available! In this week's episode we discuss the impact the new Unites States-Mexico-Canada Agreement could have on the U.S. dairy market. We also discuss some of the results of Ag Equipment Intelligence's recently published 2019 Dealer Business Outlook & Trends report, including dealers' outlook for profitability in 2018 and hiring plans. Other topics covered include an uptick in credit denials for farmers and the opportunity for ethanol in China.
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On the Record

Dealers Respond to Hurricane Florence

In this week’s episode we report on the leadership change at Buhler Industries and provide a look at some of the damage caused by Hurricane Florence in North and South Carolina. In this week’s Technology Corner segment, Jack Zemlicka takes a look at Redline Equipment's test plot in Gas City, Ind. Other topics include worldwide tractor sales for the first 8 months of the year, preliminary results to Ag Equipment Intelligence’s 2019 Dealer Business Outlook & Trends survey and the competition in the combine market.
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On the Record

Do Producers Think the $12 Billion Aid Package Will Help?

In this episode, we examine how farmers are responding to $12 billion aid package introduced by the Trump Administration and Smart Ag's new autonomous technology aftermarket kit. We also cover Titan Machinery's solid second quarter gains, results from Farm Equipment's first ever Marketing Expenditures survey and what new Case IH Vice President of North America Scott Harris sees as priorities for the company, and it's customers.
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On the Record

Optimism Fluctuates Among Tariff Concerns and Low Commodity Prices

In this episode we report on Deere & Co.’s third quarter earnings, which saw net sales increase 32%. In the Technology Corner, Jack Zemlicka discusses precision farming dealers’ 5-year investment projections. With uncertainty stemming from tariffs, trade and commodity prices we also look at how manufacturers, dealers and producers are responding. Finally, according to the Federal Reserve Bank of Minneapolis, farm income, capital spending and farmland values are all down.
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