The Farm Machinery Manufacturing Producer Price Index was up 13.6% year-over-year in February (+200 bps sequentially), the strongest growth in Baird’s historical tracker (dating back to 2005).
The latest episode of On the Record is now available! In this week's episode we discuss growers equipment purchasing — and other capital investment —plans. While the Capital Investment Index from the Ag Economy Barometer went down, growers still indicated they are still optimistic about purchasing equipment. In the Technology Corner, we look at cyber security issues for dealers. Also in this episode: CNH Industrial and AGCO both have good first quarters, the rising costs of both new and used equipment and Cervus Equipment's first quarter results.
Ag Equipment Intelligence editors participated in a video conference earlier this month with a dozen large farm operators from various regions in the U.S., from the Western Corn Belt to California. A main topic of the discussion was the rising price of farm equipment.
Dealers are reporting a “significantly improved environment for new equipment pricing,” according to the most recent survey by UBS Investment Research of U.S. farm equipment dealers.
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.