Ag Equipment Intelligence spoke earlier this week with Tim Thein (formerly a Citigroup analyst and now at Raymond James & Assoc.), who dealers know from his attendance and presentations at Farm Equipment and Precision Farming Dealer’s annual Summits.
Dealers saw an increase in precision farming sales and service revenue in 2023, and most predict the positive trend will continue in 2024, according to the 11th annual Precision Farming Dealer benchmark study.
In an OEM panel at the Precision Farming Dealer Summit in St. Louis, Mo., in January, Seth Crawford, Kendal Quandahl and Matt Olson, fielded questions about their outlook on autonomy and right to repair.
In a year when dealers are facing inventory shortages from wholegoods down to parts — including their precision offerings — their outlook for precision revenue in 2021 is largely positive.
The 2019 Precision Farming Dealer benchmark study reflects an optimistic outlook from dealers in 2018. At the same time, the report shows weaker sentiments than reported in 2017. This continues a reversal from the upward trend started in 2016 and instead marks a slight pullback in overall market sentiment and revenue growth.
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.