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DEERE REPORTS DECLINING 4WD DEALER INVENTORIES IN 3Q23
In its third quarter 2023 earnings released Aug. 18, John Deere reported its
dealers’ 4WD inventories, as a percent of trailing 12 month sales, had reached a
5-year low.
* TOP 10 AG EQUIPMENT INTELLIGENCE STORIES IN SEPTEMBER 2023
In case you missed them, here are the most popular items on our website from
the past month.
* [TECHNOLOGY CORNER] SOLIX HUNTER AUTONOMOUS ROBOT BY SOLINFTEC
I had the chance to attend the FIRA USA Conference in Salinas, Calif. last
week, and I got to see lots of new ag technology on display. Here is
Guilherme Guiné, chief sustainability officer at Solinftec, explaining some
of the key features of the company’s “Solix Hunter.”
* LELY SETTLES LAWSUIT, ANNOUNCES NEW DISTRIBUTION PARTNER
The settlement provided class members with the option to replace their
existing robot with Lely's newer A5 model or to receive cash relief.
More Editors' Picks
MERGERS & ACQUISITIONS
* JOINT VENTURE TO GIVE AGCO INTEREST IN TRIMBLE AG ASSETS, TECH
The company says the joint venture creates a global mixed-fleet precision ag
platform that will be the exclusive provider of Trimble Ag’s technology
offering.
* IOWA SPRING EXPANDS MANUFACTURING CAPABILITY THROUGH ACQUISITION OF NORTHEAST
SPRING
The acquisition of Northeast Spring closed on Sept. 15, 2023, and expands
Iowa Spring's presence as a supplier of precision-made springs for the
overhead door, construction, agriculture and recreational equipment
industries.
* LEMKEN INTEGRATES CROP CARE BUSINESS
Five years ago, the agricultural machinery specialist Lemken acquired the
Dutch company Machinefabriek Steketee B.V., expanding its crop care product
portfolio with implements for mechanical weed control and future-oriented
camera-assisted machine guidance.
See More
EARNINGS REPORTS
* PRODUCER PRICE INDEX PERCENTAGE CHANGES — AG EQUIPMENT & PARTS SEGMENT
Hay machinery & attachments reported the greatest year-over-year price
increase in August, up 10.5% from August 2022.
* DEALER M&A ACTIVITY: SEPTEMBER 2023
This standing feature in the Ag Equipment Intelligence newsletter catalogues
notable dealership merger & acquisition activity since the previous
newsletter.
* DEERE REPORTS DECLINING 4WD DEALER INVENTORIES IN 3Q23
In its third quarter 2023 earnings released Aug. 18, John Deere reported its
dealers’ 4WD inventories, as a percent of trailing 12 month sales, had
reached a 5-year low.
See More
WEBINAR REPLAY
20/20 VISION ON M&A
Nothing impacts valuation and business strategy like turmoil and interruption.
If hindsight is 20/20 (pun intended), what became clear about current and future
M&A strategies going forward? Industry experts from Kcoe Isom’s Equipment
Dealership and Strategic Advisory Teams share their vision of the current state
of M&A in the industry and how you can best position yourself and your business
for the future.
Learn More
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FEATURED VIDEO
NEW FEDERAL R2R BILL ‘DRASTIC DEPARTURE’ FROM STATE LEGISLATION
In this episode of On the Record, we take a look at the most recent push for
right to repair, this time at the federal level. In the Technology Corner,
Mackane Vogel shows us some new tech he recently encountered from Solinftec.
Also in this episode, the latest Farm Equipment text poll, responses to our
recent coverage of New Holland's brand purity attempts and one tire
manufacturer's bet on strong year-end ag equipment tax purchases. This episode
of On the Record is brought to you by Weasler Engineering.
See More
DATA & TRENDS
See More
* [PODCAST] NEW FEDERAL R2R BILL ‘DRASTIC DEPARTURE’ FROM STATE LEGISLATION
In this episode of On the Record, we take a look at the most recent push for
right to repair, this time at the federal level. In the Technology Corner,
Mackane Vogel shows us some new tech he recently encountered from Solinftec.
Also in this episode, the latest Farm Equipment text poll, responses to our
recent coverage of New Holland's brand purity attempts and one tire
manufacturer's bet on strong year-end ag equipment tax purchases.
* NEW FEDERAL R2R BILL ‘DRASTIC DEPARTURE’ FROM STATE LEGISLATION
In this episode of On the Record, we take a look at the most recent push for
right to repair, this time at the federal level. In the Technology Corner,
Mackane Vogel shows us some new tech he recently encountered from Solinftec.
Also in this episode, the latest Farm Equipment text poll, responses to our
recent coverage of New Holland's brand purity attempts and one tire
manufacturer's bet on strong year-end ag equipment tax purchases. This
episode of On the Record is brought to you by Weasler Engineering.
* LOOKING BACK: FARM EQUIPMENT MANUFACTURERS AND THE EARLY 1980S FARM CRISIS
Just after the Russian grain embargo in 1980, the prime lending rate soared
from an average of 6.8% in 1976 to an all-time high of 21.5% in 1981 and farm
debt for land and equipment purchases soared.
* REAL MARKET YEAR AVERAGE CORN PRICE — 2000-22
In a May 15 article, Agricultural Economic Insights examined corn prices over
the last 20 years in terms of the 2022 U.S. dollar.
PODCASTS
See More
* [PODCAST] CNH INDUSTRIAL & AGURU PARTNERSHIP REFLECTS GROWING IMPORTANCE OF
STRIP-TILL
* [PODCAST] BIG DEALERS NOW OPERATE OVER 2,600 LOCATIONS
* [PODCAST] RISING INTEREST RATES NOW A TOP CONCERN FOR FARMERS
FEATURED PRODUCTS
See More
* EQUIPMENT OPPORTUNITIES IN ORGANIC FARMING
* 2023 'BIG DEALER' REPORT
* RURAL LIFESTYLE EQUIPMENT IN NORTH AMERICA: A 10-YEAR RECAP OF PRIMARY
RESEARCH & OUTLOOK/TRENDS
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