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

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?

Hutson Inc. Acquires Gambles in Alpena, Mich.
Gambles will be transitioning from a turf only location, to an Ag & Turf location effective immediately.
Lindsay Q4 2022 Revenues Increase 24%
Revenues for the year ended August 31, 2022 were $770.7 million, an increase of $203.1 million, or 36%, compared to revenues of $567.6 million in the prior year.
Canadian Combine Inventories Forecast to Remain Tight
According to a Nov. 8 report from Canadian ag lender Farm Credit Canada, Canadian combine inventories are forecast to remain tight into the end of 2024.

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Mergers & Acquisitions

Hutson Inc. Acquires Gambles in Alpena, Mich.
Gambles will be transitioning from a turf only location, to an Ag & Turf location effective immediately.
United Ag & Turf Acquires 4-Store Dealer Austin Turf & Tractor
United Ag & Turf, a 40-location John Deere dealership, headquartered in Bryan, Texas, has completed the acquisition of Austin Turf & Tractor, a John Deere dealership with locations in Farmers Branch, Marble Falls, and Haltom City, Texas and in Bernalillo, N.M.
Trimble Acquires Bilberry, Extends Selective Spraying Capabilities
Trimble announced today that it has signed a definitive agreement to acquire privately-held Bilberry, a French technology company specializing in selective spraying systems for sustainable farming.

Earnings Reports

Deere Reports 4Q Worldwide Net Sales and Revenue Grow 37%
“Deere’s strong performance for both the fourth quarter and full year is a tribute to our dedicated team of employees, dealers, and suppliers throughout the world,” said John C. May, chairman and chief executive officer.
Lindsay Q4 2022 Revenues Increase 24%
Revenues for the year ended August 31, 2022 were $770.7 million, an increase of $203.1 million, or 36%, compared to revenues of $567.6 million in the prior year.
Buhler Industries Reports 3rd Quarter Earnings
Sales are expected to grow as the Company is able to resolve supply chain issues.

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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.

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Farm Profitability Top Factor Impacting Equipment Purchase Plans

In this episode we look at the top factors growers say are impacting their decisions to purchase equipment in 2023. In the Technology Corner, Noah Newman takes a closer look at Precision Planting’s new sprayer technology ReClaim. Also in this episode, Kubota’s 9 month U.S. sales break $5 billion and a preview of Ag Equipment Intelligence’s latest research report “Autonomous Farm equipment: U.S. Farm Adoption & Outlook.”

Kubota-9-Months-U.S.-Revenue-—-2017-22.jpg

Farm Profitability Top Factor Impacting Equipment Purchase Plans
In this episode we look at the top factors growers say are impacting their decisions to purchase equipment in 2023. In the Technology Corner, Noah Newman takes a closer look at Precision Planting’s new sprayer technology ReClaim. Also in this episode, Kubota’s 9 month U.S. sales break $5 billion and a preview of Ag Equipment Intelligence’s latest research report “Autonomous Farm equipment: U.S. Farm Adoption & Outlook.”
Canadian Combine Inventories Forecast to Remain Tight
According to a Nov. 8 report from Canadian ag lender Farm Credit Canada, Canadian combine inventories are forecast to remain tight into the end of 2024.
EU Ag Equipment Sentiment Continues to Improve
The general business climate for the ag equipment industry in Europe has improved for the second month in a row, according to the latest update to the CEMA Business Climate Index.
Employment Cost Index — 2017-22
Labor cost has increased about 20% over the last five years and is difficult to find during peak planting and harvesting, particularly when the work window closes up with inclement weather conditions.

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

Hutson Inc. Acquires Gambles in Alpena, Mich.

Lindsay Q4 2022 Revenues Increase 24%

Canadian Combine Inventories Forecast to Remain Tight

Mergers & Acquisitions

Hutson Inc. Acquires Gambles in Alpena, Mich.

United Ag & Turf Acquires 4-Store Dealer Austin Turf & Tractor

Trimble Acquires Bilberry, Extends Selective Spraying Capabilities

Earnings Reports

Deere Reports 4Q Worldwide Net Sales and Revenue Grow 37%

Lindsay Q4 2022 Revenues Increase 24%

Buhler Industries Reports 3rd Quarter Earnings

Webinar Replay

20/20 Vision on M&A

Featured Video

Farm Profitability Top Factor Impacting Equipment Purchase Plans

Data & Trends

Farm Profitability Top Factor Impacting Equipment Purchase Plans

Canadian Combine Inventories Forecast to Remain Tight

EU Ag Equipment Sentiment Continues to Improve

Employment Cost Index — 2017-22

Podcasts

[Podcast] Farm Profitability Top Factor Impacting Equipment Purchase Plans

[Podcast] Rising Interest Rates Weighing on Producer & Dealer Sentiment

[Podcast] Which OEM Leads in R&D Spending?

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