In this podcast, we examine Ag-Pro Companies latest acquisitions and changes to the “Big Dealer” list, how off-lease equipment are impacting the used equipment market, electric-based systems for ag equipment, and the latest earnings reports from AGCO, CNH Industrial and Art’s Way.
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.
Source: Ag Flash Reports, Assn. of Equipment Manufacturers
With used equipment building up on many farm equipment dealers’ lots over the last several months, dealers are now less willing to accept trade-ins on high-horsepower equipment. According to the 34th UBS Agricultural Dealer survey, more than half (56%) of all dealers surveyed are "less willing" to accept used high- horsepower equipment trade-ins
In the face of declining grain prices, uncertainty about depreciation rules, skepticism about a new farm bill, and a lot of talk about farm equipment sales peaking, North American farm equipment dealers continue to see good potential for solid sales in 2014.
With the exception of combines, North American farm equipment dealers are reporting that the value of most used ag machinery continued to hold firm through Feb. and there’s little evidence of any significant shift toward lower pricing in the near term.
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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.