Based on preliminary results from Ag Equipment Intelligence’s 2021 Big Dealer Report, dealer consolidation has showed no signs of slowing down. While the total number of big dealers dropped to 190, the total number of stores owned by big dealers rose from 2,240 in 2020 to 2,351 in 2021, an increase of 5%.
The semiconductor shortage, which was brought on by increased demand and a disruption to steady supply chains brought on by the COVID-19 pandemic, have slowed automobile manufacturing, with both General Motors and Ford announcing recently they will temporarily shut down several factories in North America as a result.
Recent analysis from Michael Shlisky, CFA, analyst with Colliers Securities, who met virtually with Alamo Group’s new CEO Jeff Leonard, indicates Leonard has no plans to change Alamo’s current successful business strategy.
The U.S. agricultural equipment markets are beginning to show signs of awakening and the prospects of increased income from grain crops should fuel growth in the larger horsepower tractor markets this year.
Jaybridge’s unique IP portfolio includes significant patents for technology directly related to path-planning, obstacle detection and avoidance, and multi-machine control systems.
Bane-Welker has purchased the sales and service areas of the Evolution Ag dealerships in Circleville, Utica and Plain City, Ohio. Bane-Welker will offer parts, sales and service at all 3 locations.
Despite “fast and decisive” implementation of infection containment measures that enabled Trelleborg Wheel Systems to keep its factories operating with a safe environment for employees, the agricultural tire and rim supplier still recorded lower net sales last year due largely to the coronavirus pandemic.
As if the impact of COVID-19 was not enough to contend with, managers and staff across the Danish Agro farm supplies trading group, including its machinery division operating across Scandinavia and the Baltics, had to cope with a prolonged IT systems shut-down because of a hacker attack
Despite the manufacturing and distribution challenges thrown up by the COVID-19 pandemic last year, German tillage equipment maker Lemken managed to record healthy sales, down less than 4% on the prior year.
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.
The latest episode of On the Record is now available! In this week's episode we take a look at AEM's recent survey of manufacturers on their outlook for business in 2021. In the Technology Corner, Jack Zemlicka discusses precision farming dealers' revenue outlook for the year ahead. Also in this episode, a closer look at AgJunction and Raven's latest earnings reports and an update on ag credit conditions.
Dallas Fed Reports Better Ag Credit Conditions in 1Q21
According to a recent report from the Federal Reserve Bank of Dallas, bankers responding to the first-quarter survey reported overall better conditions across most regions of the Eleventh District.
Based on preliminary results from Ag Equipment Intelligence’s 2021 Big Dealer Report, dealer consolidation has showed no signs of slowing down. While the total number of big dealers dropped to 190, the total number of stores owned by big dealers rose from 2,240 in 2020 to 2,351 in 2021, an increase of 5%.
According to a recent report from the Federal Reserve Bank of Dallas, bankers responding to the first-quarter survey reported overall better conditions across most regions of the Eleventh District.
According to the most recent Ag Economy Barometer update from Purdue University, the Ag Economy Barometer rose in March to 177, the highest reading for the barometer since the record high reading of 184 in October.