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Rocky Mountain Dealerships’ 4Q19 and Full Year Sales Fall 26%

March 11, 2020 | Posted in Earnings Reports

Rocky Mountain Dealerships (RME) reported on March 11 that its fourth quarter 2019 sales declined 26%, which was just slightly better than full year results that saw sales drop by 26.3%.

ELFF Releases Ag Equipment Market Outlook Report

January 29, 2020 | Posted in Data & Trends

Continued adoption and integration of new technologies to improve crop yields and meet the soaring demand for food are expected to be key influencers for growth in the agriculture market, according to a new study, Vertical Market Outlook Series: Agriculture Equipment released by the Equipment Leasing & Finance Foundation.

Ag Equipment Sales Mid-Year 2019: U.S. So So; Canada Not So Much

August 5, 2019 | Posted in Analysis & Commentary

According to the Assn. of Equipment Manufacturers’ latest sales figures covering the first half of the year, only mid-size tractor sales during the first 6 months of 2019 showed a deficit compared to the first 6 months of 2018.

Lindsay Corp. 3Q19 Revenue Drops 29%; Low Commodity Prices and Trade Disputes

July 10, 2019 | Posted in Earnings Reports

Revenues for the third quarter of fiscal 2019 were $121.1 million, a decrease of $48.5 million, or 29%, compared to revenues of $169.6 million in the prior year third quarter.

Farmer’s Growing Debt Load Concerns USDA Chief Economist

February 28, 2019 | Posted in Data & Trends

While farm equity is only down 5% since 2014, farmers are tapping into their real estate equity to run operations and real estate debt hit a record high in 2018.

Producers’ View of Economic Conditions Slips in December

January 8, 2019 | Posted in Data & Trends

The Purdue University/CME Group Ag Economy Barometer declined moderately in December to 127, which was 7 points below the index’s value one month earlier and 9 points below October’s reading.

North American Dealers Expect Trade Tensions Will Hurt Business

October 9, 2018 | Posted in Data & Trends

Over the past several months, the U.S. has enacted tariffs on other nations and those countries have in turn retaliated with trade restrictions of their own. This prompted Ag Equipment Intelligence editors to add a question regarding these trade disputes as part of the 2019 Dealer Business Outlook & Trends survey.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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