supply chain

5 Equipment Manufacturing Trends to Watch in 2023

January 9, 2023 | Posted in Analysis & Commentary

Source: Assn. of Equipment Manufacturers

With 2022 firmly in the rearview mirror and the new year now underway, it’s clear many of the opportunities and challenges impacting equipment manufacturers today are poised to remain as relevant as ever in the weeks and months ahead.

On the Record Podcast

[Podcast] Record Net Farm Income Could Be Good For Machinery Sales

By Ben Thorpe posted on January 6, 2023 | Posted in Data & Trends

In this podcast we take a look at farmer sentiment and how it’s being boosted by their strong 2022 profits. In the Technology Corner, Noah Newman discusses Indianapolis-based agtech company Smart Apply and their Intelligent Spray Control System. We also take a look at John Deere’s production ag equipment backlogs and what it spent on R&D in 2022. And finally, dealers are reporting that the rate of used equipment price increases is slowing, though they remain up year-over-year.

On the Record Podcast

[Podcast] Deere Predicts Fully Autonomous Corn & Soybean Cropping Systems by 2030

December 16, 2022

In this podcast, we review John Deere’s plan for autonomy. In the Technology Corner Now Newman discuss new developments with Sabanto’s autonomy system. Also in this episode, the capital investment index from Purdue University’s Ag Economy Barometer drops again and highlights from the 2022 Cost of Doing Business Study.

On the Record Podcast

[Podcast] Inventory in Short Supply, But Dealers Report Improvements

December 2, 2022

In this podcast, the latest Dealer Sentiments Report shows that dealers inventories of both new and used equipment are improving despite being too low. In the Technology Corner Noah Newman talks with Verdant Robotics plans to scale its fleet. Also in this episode, Titan Machinery reports record results for the third quarter of fiscal year 2023 and Farm Credit Canada forecasts tight machinery inventories well into 2024.

On the Record

Inventory in Short Supply, But Dealers Report Improvements

December 2, 2022 | Posted in Data & Trends

In this episode of On the Record, the latest Dealer Sentiments Report shows that dealers inventories of both new and used equipment are improving despite being too low. In the Technology Corner Noah Newman talks with Verdant Robotics plans to scale its fleet. Also in this episode, Titan Machinery reports record results for the third quarter of fiscal year 2023 and Farm Credit Canada forecasts tight machinery inventories well into 2024.

Farmers Focusing on Farm Profitability, Price Increases for 2023 Equipment Purchases

November 15, 2022 | Posted in Data & Trends

The ag equipment industry is facing a variety of challenges at the moment: new equipment shortages, rising interest rates and fear of a global recession, to name a few. This has some in the industry wondering: which factors are impacting equipment purchase plans for next year the most?

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Titan Machinery Reports Third Quarter in a Row of Inventory Growth

September 15, 2022 | Posted in Equipment & Equipment Sales

According to Titan Machinery’s Aug. 25 second quarter fiscal year 2023 earnings report, the company had $556.4 million in inventory as of July 31, its third quarter in a row of inventory increases.

Rising Interest Rates’ Impact on New Equipment Demand, Purchase Patterns in 2023

September 15, 2022 | Posted in Ag Equipment Business

The U.S. Federal Reserve has implemented four interest rate hikes so far in 2022. Federal Reserve Bank of Chicago President Charles Evans said another 75 basis-point increase could be coming later this month.

Deere Taking 'Multi-Pronged Approach' to Tackling Order Backlog

August 25, 2022 | Posted in Ag Equipment Business

According to an Aug. 23 report from SupplychainDive, John Deere is taking multiple steps to improve its components supplies and improve its inventory levels.