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No-Till Farmers’ Equipment Purchasing Plans Up Slightly in 2020

March 13, 2020 | Posted in Data & Trends
Last year was challenging for nearly all U.S. farmers and no-till growers were no exception. Nonetheless, nearly 81% of no-tillers reported that they were profitable during the 2019 cropping year. This is according to the results of the 12th annual No-Till Operational Benchmark Study from No-Till Farmer, a sister publication of Ag Equipment Intelligence. This percentage is the highest since 2014 when an identical 81% of no-till farmers reported they were profitable. The good news for farm equipment dealers and manufacturers is, overall, a larger percentage of the approximately 650 no-till growers who responded to this year’s survey say they’ll increase their equipment purchases — slightly in the year ahead. In the current ag environment, any increase in capital expenditures is good news. Number one of the no-tillers’ list of equipment purchase for 2020 is planters.
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On the Record

[Podcast] Improving Crop Yields Offers $240B Precision Farming Opportunity

July 20, 2018
In this podcast we dive into a new report from Goldman Sach's on the $240 billion market that exists for precision farming technology to address the 70% increase in food production by 2050, Farmobile's acquisition of Prime Meridian, an increase in landscapers equipment spending, Deere's June retail sales, Art's Ways second quarter earnings and Clean Seed Capital's acquisition of Harvest International.
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On the Record

Will Rising Interest Rates Impact Farmers' Equipment Purchases?

March 2, 2018
In today’s newscast, we look at how interest rate hikes might impact farmers' decisions on whether or not to buy equipment, an encouraging outlook for 2018 sales from rural lifestyle dealers, where no-till farmers plan to spend their money when it comes to equipment needs this year, and John Deere's latest earnings and updated 2018 forecast.
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Technology Corner

Climate Corp. Expands Data Compatibility

February 16, 2018
Since Monsanto purchased the The Climate Corp. in 2013 for nearly $1 billion, the ensuring years have seen some dramatic changes in the precision farming landscape.
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On the Record

PFG America Invests to Strengthen Deutz-Fahr Brand in America

February 16, 2018
In today’s newscast, we look at the company that was formed to distribute Deutz-Fahr tractors in America — PFG America, The Climate Corp.’s parternship with Case IH for 2-way data sharing, more on Kinze’s partnership with Degelman, Case IH’s new classifications for autonomy and AGCO’s 2017 year end results.
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Technology Corner

The Reality of Artificial Intelligence in Ag

December 8, 2017
The term artificial intelligence, or AI, as it relates to agriculture, is often equated with other trending technologies like autonomous equipment and field sensors. But AI-based equipment is distinct in that rather than being programed to perform a function, it’s being designed to interpret data pulled from the field, act on it and teach itself best practices in the process.
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On the Record

[Podcast] Judge to Make Ruling on North Dakota Dealer Law by End of December

November 10, 2017
In this podscast, we have an update on the North Dakota Dealer Protection law and when we can expect a ruling from the judge, we take a look at the results from Purdue’s Center for Commercial Agriculture’s latest Ag Economy Barometer and what producers are saying about used equipment values, Deere dealers are looking to hire more precision farming techs, and the third quarter earnings reports from Rocky Mountain Dealerships, Cervus Equipment, CNH Industrial, AGCO and Alamo Group.
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On the Record

[Podcast] Major OEMs & AEM Lawsuit Put Brakes on Dealer Bill of Rights Law

August 11, 2017
In this podcast, we examine the lawsuit the Assn. of Equipment Manufacturers and the major OEMs have filed to stop the North Dakota “Dealer Bill of Rights” law from going into effect, Krone’s decision to cancel its plans to relocate its headquarters, the unique challenges of remarketing precision farming equipment and the latest earnings reports from Rocky Mountain Equipment and Alamo Group.
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AGCO Aims for $2 Billion in Precision Ag Business by 2029

AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market. 

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