Even in a year with uncertainties brought by the war between Russia and Ukraine or new variants of the coronavirus, Brazilian representatives of agricultural machinery manufacturers are optimistic and believe 2022 sales will beat 2021.
The outlook for 2018 farm net income varies depending on recent reports from USDA on Aug. 30 and University of Missouri’s Food and Agricultural Policy Research Institute (FAPRI) on Sept. 18. However, the USDA outlook did not include potential payments from the Market Facilitation Program (MFP) that provides farmers with compensation for losses incurred because of trade disputes, announced on Aug. 27. On the other hand, FAPRI’s farm income projections incorporates the initial round of MFP payments.
After solid growth in 2017, investment in equipment and software should remain strong in 2018 and is projected to expand 7.9% (up from 7% in the Q3 Economic Outlook published in July) according to the Q4 update to the 2018 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation.
We look at dealers outlook for sales in 2015, what changes in dealership valuations mean, the forecast for precision equipment sales next year and the latest earnings report from a number of companies.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.