Despite ongoing concerns with low commodity prices, North American farm equipment dealers are far more optimistic about their business prospects than they were a year ago.
We’ve been reporting during the last few months that there were signs popping up in various places that suggest that business levels are improving for North American dealers. Many of these came from our own dealer surveys during the past year.
North American farm equipment dealers lowered their forecast for 2017 sales in September. According to the latest Dealer Sentiments & Business Conditions Update survey, in September on average, dealers are forecast sales to be down 8% in 2017.
There's little doubt that 2015 will go down as a challenging year for farm equipment sales. Looking ahead to 2016, a recent survey of farm equipment dealers shows they are bit more hopeful than the major equipment manufacturers.
Starting off 2015, dealers surveyed by Ag Equipment Intelligence and Cleveland Research Co. say that, on average, they’re expecting overall sales to decline 11% for the year. Compared to what the major equipment manufacturers are forecasting, the dealers' outlook appears almost optimistic.
Considering only the percentage of dealers who expect increases in revenues in 2015, Kubota and independent dealers, those not carrying any of the major brands, would be at the top of this year's 'most optimistic' list.
In today's newscast we talk to Titan's president Peter Christianson about how the company's 2 dealerships in Ukraine are fairing among the turmoil, a look at how spring planting is progressing, quarterly reports from Art's Way and Titan Machinery and an update on the 2014 dealer outlook.
Maybe it's all the talk about the "fiscal cliff"? or a general uncertainty in the overall economy that's causing equipment dealers serving the rural lifestyle and lawn and landscape markets to hold back on their projections for 2013.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at the preliminary results of the 2024 Ag Equipment Intelligence Outlook & Trends report.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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