Survey Suggests Confidence Among Farmers, Rural Bankers
The March farm equipment-sales index showed growth for the 16th consecutive month. This has been the strongest string of monthly readings since spring 2011.
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Members of Four Dealer Associations Approve Merger
The dealership association landscape has shifted this week with the announcement of a new North American Equipment Dealers Association (NAEDA).
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Deere Responds to Right-to-Repair Suits, Farmers Continue Pressure
Deere shareholders asked executives during a recent meeting how the company plans to address these challenges.
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Farmers’ Moods Improve from January to February
More than 40 percent of producers in this month’s survey say that low farm machinery inventories are holding back their investment plans.
Read moreDealer News: Acquisition, Association Election
See dealer new from New York and the deep south.
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Barometer: Worried Farmers Focus on Input Costs
Fifty-seven percent of producers who responded said they expect farm input prices to rise by 20 percent or more in 2022; 34 percent said they expect prices to rise by 30 percent or more.
Read moreTractor/Combine Sales
Combine sales fell hard from January 2020 to this January. Big tractors continue to post double-digit sales growth.
Read moreDealer News
See the latest in acquisitions and expansions.
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Lawmakers File Right-to-Repair, Suits Continue
A bill filed in the U.S. would require all tools and equipment, wireless transmission of repair and diagnostic data, and access to on-board diagnostic systems needed for repairs be made available to the independent repair industry.
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Barometer: Worried Farmers Focus on Input Costs
Farmer sentiment weakened in January as the Purdue University/CME Group Ag Economy Barometer declined 6 points to 119, down from
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Staying Power on Equipment Sales Strong on Mainstreet
Bankers overwhelmingly named rising farm input prices as the top threat facing farmers in 2022.
Read moreDealer News
See news from Montana, Nebraska, Minnesota.
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Right-to-Repair Suits Continue
A cattle farmer in Alabama filed suit after he allegedly paid more than $600 for a repair that took fewer than three minutes to complete.
Read moreConflict in Ukraine Could Create Huge Corn Market
A grain market expert says global circumstances could lead to an all-time high for the corn market this summer.
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Rural Mainstreet: Longevity of Strong Equipment Sales Index Surpasses 2011
Farm equipment sales index readings over the past several months are the strongest string of monthly readings recorded since spring 2011.
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Deere Named in Class Action Lawsuit
John Deere is illegally monopolizing the U.S. tractor repair industry, according to a class action antitrust lawsuit filed in Chicago federal court last week.
Read moreDeere Says Driverless Tractors Ready for the Field
The significant new technology in this tractor is the addition of stereo cameras that scan in all directions, combined with cloud-based machine learning and artificial intelligence to understand what the cameras are seeing.
Read moreTractor/Combine Sales
Sales of 4WD tractors in Canada and the U.S. dropped dramatically compared to sales in December 2020. Combine sales in the U.S. continue to post big numbers.
Read moreBerlon Industries Acquires Lowe Manufacturing
Berlon Industries, of Hustisford, Wis., has acquired Lowe Manufacturing, a Viola, Wis.-based supplier of auger, trenching and grapple attachments that complement Berlon’s line of buckets and attachments for skid steers and other machines. The deal closed the first week of January 2022.
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Low Inventories Influence Plans to Buy Farm Equipment
Nearly four out of 10 farmers who responded to the survey expect input prices to rise by more than 30 percent in the upcoming year.
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Farm Equipment Sales Index Hits 10-Year High
While the indices show economic growth, bankers warned that inflation and rising costs of input and land could hinder rural economies.
Read moreDealer News
See the latest in acquisitions among dealers in the eastern U.S.
Read moreTractor/Combine Sales
Strong sales continue to the 100-plus horsepower tractor category in both Canada and the U.S. Sales of four-wheel drive tractors declined.
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Worry Over Production Costs Mounts for Farmers
The Farm Capital Investment Index declined, which seems to be a function of supply chain problems as well as concerns about rising input costs.
Read moreAgritechnica Calls Off February Show
A fourth wave of COVID in Germany prompted the decision. The show was expecting 2,000 exhibitors.
Read moreDealer News
See the latest in acquisitions and plans to build.
Read moreWith Financing Secure, Monarch Plans Expansion
In related news, CNH Industrial has entered into an exclusive, multi-year licensing agreement for electrification technologies with Monarch Tractor.
Read moreTitan’s Ag Segment Sets Quarterly Margin Record
“The combination of our larger base of revenues, healthy inventory position and lean infrastructure has allowed for powerful operating leverage that drove a 109 percent increase in pre-tax income for the quarter,” CEO David Meyer said.
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Equipment Sales, Land Values Strong in Rural Index
Readings for farm equipment sales and farmland prices over the last several months represent the strongest consistent growth since 2012.
Read moreFarm Data Company to Buy Sensor Tech Group
Fieldin, which helps farmers accelerate data collection, will acquire Midnight Robotics, which retrofits tractors with sensing technologies.
Read moreThe Rural Mainstreet Economy, November 2021
Approximately 30% of bank CEOs surveyed expect the recently passed infrastructure bill to have more negatives than positives for agriculture.
Read moreTitan Acquires Jaycox
Titan Machinery Chairman and CEO David Meyer said the acquisition “is a perfect complement to our existing footprint in the heart of this highly productive region.”
Read moreBrandt Buys Cervus, Creates Mega-Dealer
With the acquisition of the Cervus locations in Canada, Australia and New Zealand, Brandt now owns and operates 120 full-service equipment dealerships.
Read moreTractor/Combine Sales
Combine sales in the U.S. and Canada in October recorded 73 percent and 44 percent gains, respectively, compared to October 2020.
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Fear of Cost-Prize Squeeze Weakens Farmers’ Moods
Rising input costs are on most producers’ minds.
Read moreTractor/Combine Sales
Sales of combines in the U.S. and Canada posted 35 percent and 24 percent gains, respectively, compared to September 2020.
Read moreBiodiesel Gains Market Share, Drives Up Demand for Soy
As bidding gets more aggressive on soybean oil, crushers accelerate production. Before last week’s crop production report, soybean prices hit a 10-year high.
Read moreCorn, Soybean Harvests Ahead of Schedule
The U.S. corn and soybean harvests have passed the halfway mark.
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Machinery Purchase Plans Affected by Low Inventories
Fewer farmers this month said they planned to increase their machinery purchases than on the August survey. More than half say their farm machinery purchase plans have been impacted by low inventories.
Read morePower Shortage in China Threatens Food Prices
Among the areas worst hit by the severe energy shortage are northeastern provinces where about half of China’s corn and soybeans are grown.
Read moreEPA Document Suggests Big Hit to Ethanol Demand
U.S. Rep. Randy Feenstra (R-Iowa) denounced the proposal and said on Twitter he would “fight this tooth-and-nail.”
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Member Company Exec Shares Account of Ida’s Impact
The sugar cane crop took a hit from Hurricane Ida, as did the infrastructure that exports U.S. crops. Mark Naquin with member company M.J. Naquin describes the area after the storm.
Read moreTractor/Combine Sales
Combine sales in Canada posted a 29 percent gain in August. Sales of tractors in the 100-plus horsepower category in the U.S. increased by 38 percent.
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Strong to Stronger: Equipment Sales, Confidence in Economy
The farm equipment-sales index confirms the demand that manufacturers are experiencing.
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Bankers Report Record Farmland Price Index:
For the 10th straight month, the Creighton University Rural Mainstreet Index (RMI) remained above growth neutral, according to the monthly survey
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Farmer Sentiment Rises, Financial Outlook Remains Strong
Producers are becoming increasingly concerned about rising input costs. Thirty-nine percent of respondents said they expect input prices to rise by 8 percent or more.
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More Than One in Five Dealers Beat July Forecasts
Dealers report that inventories remain too low, pricing is up, and sales are beating forecasts. See the data from Ag Equipment Intelligence.
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Land Prices as High as an Elephant’s Eye
In Iowa, in one week, five counties broke records for price per acre on farmland. In at least one county, the record had only been standing for a week.
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COVID Payments to Farmers Not the ‘Boost’ Some Expected
Projections for farm income in 2021 are 20 higher than the 2020 projection and 49 percent higher than the average from 2015 to 2019.
Read moreBrandt Tractor to Acquire Cervus Equipment Corp.
On the same day the agreement was announced, Cervus reported earnings for its best-ever second quarter.
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