In today’s On The Record newscast we report on an update on section 179, Deere’s outlook for the current downturn in the ag equipment industry, certified pre-owned programs and offer a preview into Farm Equipment’s coverage of the Dealership Minds Summit.
Preliminary data from Ag Equipment Intelligence’s “2015 Dealer Business Outlook & Trends” survey indicates that equipment early orders are down compared to what North American farm equipment dealers saw a year ago.
In today's newscast we look into the likelihood of El Nino conditions hitting the U.S. and Canada this year and its impact, the possibility of legislation to permanently increase Section 179 expensing levels, what shifts in global manufacturing cost could mean for U,S. equipment exports and more, a rise in first quarter farm loans and financial reports from AGCO and Titan International.
There’s little doubt that the generous Section 179 equipment expensing and bonus depreciation provisions helped boost U.S. farm equipment sales during the past several years.
Few will argue with the fact that the very generous depreciation rules for farm machinery introduced in 2008 have played a significant role in the protracted run of strong sales years for ag equipment dealers and manufacturers.
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.