There are key differences between allowances under Section 179 and bonus depreciation. Understanding how to best apply each can improve the dealer’s sales process and aid farmers in making smart decisions in their capital equipment purchases.
This newscast kicks off with a status update on the tax extender bill impacting Section 179 expensing limits. The bill was approved by the U.S. Senate and House of Representatives and now moves to the President's desk.
In our latest newscast we get an update on the chances of Section 179 and Bonus Depreciation being renewed for this year, talk with the creator of a new video support mobile app that allows dealers to communicate with farmers in real-time, dive into Deere’s fourth quarter results and outlook for 2016, examine a warning given to farmers about leasing equipment and look at Titan Machinery’s third quarter results.
In today’s newscast we report on the passage of Section 179, AGCO’s move to reduce costs in 2015, the FAA’s regulatory exemptions for UAVs and improving farmer attitudes.
Few will argue with the fact that the very generous depreciation rules for farm machinery introduced 2008 have played a role in the protracted run of strong sales years for ag equipment dealers and manufacturers.
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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.