Should Farmers Outsource Harvest Operations?

The rising costs of farm machinery and the rapid evolution of technology is causing farmers to weigh the benefits of leasing, outsourcing or purchasing their equipment.

CNH Industrial Acquires Minority Stake in Swiss Zasso Group AG
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced that it has completed its acquisition of a minority stake in Zasso Group AG, a global specialist in non-chemical weed and invasive plant management solutions using electrical power.
RDO Equipment Co. Announces New Leadership Roles
RDO Equipment Co. announced three role changes in the Agriculture Division. Daryl Shelton transitioned to Executive Vice President of the Agriculture Division.
USDA Crop Progress Report Shows 72% of Corn Harvested
According to the latest crop progress report from USDA, 72% of corn in the U.S. has been harvested, surpassing the 38% harvested in the same week last year and the 5 year average of 56%.

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Mergers & Acquisitions

CNH Industrial Acquires Minority Stake in Swiss Zasso Group AG
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced that it has completed its acquisition of a minority stake in Zasso Group AG, a global specialist in non-chemical weed and invasive plant management solutions using electrical power.
AGCO Announces Intent to Establish AgRevolution Dealership
AGCO announced today its intention to acquire certain assets of Boyd Company of Louisville, Ky.Upon completion of the agreement, AGCO will form AgRevolution, an agricultural equipment dealership to provide industry-leading products and support services
Chinese Manufacturer Zoomlion Acquires Rabe
According to a report from Profi, Chinese heavy equipment manufacturer Zoomlion has acquired German ag equipment manufacturer Rabe.

Earnings Reports

Alamo Group Posts 7.3% Net Sales Gain for 3Q20; Ag Sales Rise 2%
Alamo Group, manufacturer of equipment for agriculture and infrastructure maintenance, reported consolidated net sales in the third quarter 2020 were up 7.3% to $291.8 million.
Lindsay Corp. Reports FY20 Revenue Up 7%
Revenues for the year ended Aug. 31, 2020, were $474.7 million, an increase of $30.6 million, or 7%, compared to revenues of $444.1 million in the prior year.
Valmont Reports 3Q20 Net Sales Up 6.3%
Valmont has reported net sales of $734 million increased 6.3% led primarily by significantly higher Utility Support Structures segment sales and improved international market demand.

Webinar Replay

Opportunities in the Changing Economy

In the wake of corporate OEM restructuring and the economic impacts of COVID, dealerships are seeing both challenges and opportunities due to multitude of forces. Hear from the dealership and ag experts Marc Johnson and Clinton Baker from K·Coe Isom as they discuss the Opportunities for your Dealership in a rapidly changing economy.

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Judge Sides with Dealers in North Dakota Dealer Protection Law Ruling

The latest episode of On the Record is now available! In this week's program, we discuss the judges ruling on the North Dakota dealer protection law that had been challenged by manufacturers. In the Technology Corner, Jack Zemlicka discusses dealers hiring plans for the precision farming department. Also in this episode, we also look at the latest dealer survey from Stifel on third quarter sales and examine more results from the 2021 Dealer Business Outlook & Trends Report.

2020 Economic Outlook Forecasts Positive Equipment Investment Growth in 4Q20
After severe declines in equipment and software investment in the first and second quarter of 2020 due to the effects of COVID-19 and the impact of social distancing measures, investment in equipment and software bounced back in the third quarter as the U.S. economy began to reopen.
Kansas City Fed: Fewer Loans Issued to Farmers Limit Lending Activity in 3Q20
Farm lending remained muted in the third quarter of 2020 but increased from last year according to the National Survey of Terms of Lending to Farmers. Despite growing 15% from the previous year, total non-real estate loan volumes in the third quarter were below the 20 year trend for that period.
Federal Reserve Banks Report Ag Conditions Improved ‘Modestly’ in September
The October 2020 edition of the Federal Reserve Bank’s Beige Book reports that economic activity continued to increase across all Districts, with the pace of growth characterized as slight to modest in most Districts.
Brazil’s Competitiveness in Global Ag Markets Rooted in Currency Depreciation
Brazil’s macroeconomic policies — currency devaluation, in particular — have played an important role in its position as one of the top exporters of agricultural products, including soybeans, corn, cotton, sugar, coffee, orange juice and meat.

Should Farmers Outsource Harvest Operations?

CNH Industrial Acquires Minority Stake in Swiss Zasso Group AG

RDO Equipment Co. Announces New Leadership Roles

USDA Crop Progress Report Shows 72% of Corn Harvested

Mergers & Acquisitions

CNH Industrial Acquires Minority Stake in Swiss Zasso Group AG

AGCO Announces Intent to Establish AgRevolution Dealership

Chinese Manufacturer Zoomlion Acquires Rabe

Earnings Reports

Alamo Group Posts 7.3% Net Sales Gain for 3Q20; Ag Sales Rise 2%

Lindsay Corp. Reports FY20 Revenue Up 7%

Valmont Reports 3Q20 Net Sales Up 6.3%

Webinar Replay

Opportunities in the Changing Economy

Featured Video

Judge Sides with Dealers in North Dakota Dealer Protection Law Ruling

Data & Trends

Kansas City Fed: Fewer Loans Issued to Farmers Limit Lending Activity in 3Q20

2020 Economic Outlook Forecasts Positive Equipment Investment Growth in 4Q20

Kansas City Fed: Fewer Loans Issued to Farmers Limit Lending Activity in 3Q20

Federal Reserve Banks Report Ag Conditions Improved ‘Modestly’ in September

Brazil’s Competitiveness in Global Ag Markets Rooted in Currency Depreciation

Podcasts

[Podcast] On The Record: Judge Sides with Dealers in North Dakota Dealer Protection Law Ruling

[Podcast] On The Record: AGCO Acquires Dealership Group

[Podcast] On The Record: Dealers Report an Increase in Early Orders for 2021

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Brand Loyalty in the Farm Equipment Business — 2020 (PDF)

2020 Big Dealer Report and Big Dealer Map (Bundle)

Tractor Sales Around the World - 2019 (PDF)

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Kansas City Fed: Fewer Loans Issued to Farmers Limit Lending Activity in 3Q20

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