Buoyant demand from farmers in Germany for agricultural tractors, machinery and equipment brought the country’s largest dealer network a record sales performance in 2020.
According to a recent report from the Assn. of Equipment Manufacturers (AEM), the relationship between ag equipment manufacturers and the customers who use their products is a complex one. There is no shortage of factors poised to influence how that relationship will evolve – for better or worse – in the not-too-distant future.
P&K Equipment is acquiring Grissoms, a neighboring John Deere dealer, with 5locations throughout Oklahoma, including Prague, Shawnee, McAlester, Muskogee and Ada.
The Salisbury, Mo. location will be a full John Deere parts, attachments, service and sales location for large agriculture, compact tractors, turf & utility, and commercial work site products.
Unlike the Deere & Co. attempt to acquire Precision Planting that ended up getting sidetracked by antitrust concerns, AGCO was able to close the deal to in less than 2 months.
If declining grain prices made 2014 a tough year for farmers, ag equipment dealers and manufacturers, they might take some comfort in the fact that those involved with energy commodities had a worse one.
Nearly one-half of North American farm equipment dealers are expecting that full-year revenues from the sale of new equipment in 2014 will be down vs. 2013.
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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.