JP Morgan analyst Ann Duignan says that investors are wrestling with whether 2011 represents the peak of the ag equipment cycle, given that cash receipts could be at peak levels and farmers can take advantage of 100% accelerated depreciation.
After finishing up an exceptional year for farm equipment sales in 2010, dealers, manufacturers, farmers and industry analysts that Ag Equipment Intelligence spoke with at the Ag Connect Expo January 7-11 in Atlanta expect the momentum to continue well into 2011.
USDA’s October World Agriculture Supply and Demand Estimates report was good news for ag machinery dealers, especially those in the grain regions of North America.
During a conference call with JP Morgan investors on April 14, Richard Guse, a corn and soybean farmer from Waseca, Minn., said, given current profitability, he expects to continue to roll his equipment annually unless corn falls below $3 a bushel.
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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.