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.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.