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Farmland Prices Fall Below Growth Neutral for Second Consecutive Month in Creighton University Survey

By Landon Swan posted on July 29, 2024 | Posted in Data & Trends

For the 10th consecutive month, the Rural Mainstreet Index (RMI) has fallen below the neutral growth threshold.

Claas Reports FY20 Sales Up 3.7%, Strong Sales Growth in North America

December 21, 2020 | Posted in Earnings Reports

The North American market gave Claas a shot in the arm as its European strongholds weakened to help drive the group to record revenues.

Art’s Way Posts 15% Increase in Ag Sales in 3QFY20

October 8, 2020 | Posted in Earnings Reports

Art’s Way Manufacturing (Nasdaq: ARTW) reported consolidated sales of $6.5 million, up 17.5% vs. the same period a year earlier, in its fiscal third quarter ended Aug. 31, 2020.

Citing Pent Up Demand, Alamo Expects Pick Up in Ag Sales

October 2, 2020 | Posted in Equipment & Equipment Sales

During the Colliers International Securities 2020 Investor Conference last month, managers from the Alamo Group said they’re seeing the effect of several years of pent up demand and as result are anticipating improvement in ag equipment sales going forward.

Outlook for Canadian Big Ag Equipment Sales Remains Challenging

September 4, 2020 | Posted in Analysis & Commentary

Sales of large farm machinery in Canada has gone through some turbulent times in recent years. According to Farm Credit Canada (FCC), next year will continue to challenge Canadian equipment dealers and manufacturers, but some improvement is expected even as farm revenues continue to soften.

Titan Machinery 2Q Ag Revenues Up 2%, 1H Ag Sales Rise 13.5%

August 27, 2020 | Posted in Earnings Reports

Titan Machinery, Case IH’s largest dealer of farm equipment, reported consolidated revenues slipped 3.7% for the period ended July 31, 2020, but year-over-year sales from its agriculture segment increased by 2% for the quarter.

Deere’s 3QFY20 Sales & Revenue Drop 11%; Ag & Turf Equipment Down 5%

August 21, 2020 | Posted in Earnings Reports

Deere & Co. reported consolidated net sales and revenues of $8.9 billion during its third quarter ended Aug. 2, 2020 vs. $10 billion in the same period a year earlier, a decline of 11%. Equipment operations came in at $7.9 billion during the period compared to nearly $9 billion last year, also a drop off of 12%.

CNH Industrial Revenue Drops 26%; Ag Sales Fall 18%

July 30, 2020 | Posted in Earnings Reports

CNH Industrial posted consolidated revenues of $5.6 billion in the second quarter of 2020, down 26% compared to the second quarter of 2019. In total, consolidated revenues were $5.6 billion for the second quarter of the current year, down 26% year-over-year compared to the second quarter of 2019.

Small Ag Equipment Sales are Something to Cheer About

By Dave Kanicki posted on July 21, 2020 | Posted in Analysis & Commentary

It’s difficult finding anything positive coming out of the COVID-19 pandemic, but it appears the stay-at-home/work-from-home directives are pumping up the sales of small farm machinery.

Ag Economic Outlook: The Impact of COVID-19 on the Remainder of 2020

June 10, 2020 | Posted in Data & Trends

Back in February, the U.S. Department of Agriculture (USDA) was projecting a $3.1 billion increase in net farm income this year. Then COVID-19 emerged. Now, a private forecast from the Food & Agriculture Policy Research Institute estimates farm income to drop roughly 11% from the USDA's original projection.

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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.

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