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Used Equipment Sales Boost Dealers’ Top and Bottom Lines

“Finally, there are early signs that the ag industry may be finding new religion with respect to the trade-in practices that have created such a glut of used equipment in the market,” said Ben Cherniavsky, analyst with Raymond James, in a July 29 note on Rocky Mountain Dealerships’ (RME) second quarter earnings report.

Uncertain Future for European Ag Shows as Manufacturers Withdraw
Agricultural machinery exhibitions in Europe face an uncertain future as events are postponed and manufacturers build digital resources to communicate with customers, dealers and the farming media in light of COVID-19 restrictions.
Mahindra Increases Its Stake in Finnish Combine Firm
According to various reports, Indian tractor maker Mahindra, has raised its stake in Finland-based Sampo Rosenlew Oy to nearly 75%.
Lansdowne Moody Expands Kubota Presence in Texas
Hlavinka Equipment Co., with headquarters in East Bernard, Texas, has entered into a definitive agreement to sell select assets related to existing Kubota dealership operations in Rosenberg and Bay City to Lansdowne Moody Co.

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Mergers & Acquisitions

Mahindra Increases Its Stake in Finnish Combine Firm
According to various reports, Indian tractor maker Mahindra, has raised its stake in Finland-based Sampo Rosenlew Oy to nearly 75%.
Lansdowne Moody Expands Kubota Presence in Texas
Hlavinka Equipment Co., with headquarters in East Bernard, Texas, has entered into a definitive agreement to sell select assets related to existing Kubota dealership operations in Rosenberg and Bay City to Lansdowne Moody Co.
Trimble VRS Now Network Covers Over One Million Square Miles with Acquisition of MidStates VRS
Trimble has announced its acquisition of MidStates VRS, a network previously owned by Butler Machinery and Frontier Precision.

Earnings Reports

U.S. Market a Bright Spot for Poettinger as European Sales Dip
A determined push to expand Poettinger agricultural equipment distribution in the U.S. appears to have paid off with a 46% increase in sales revenues reported for the company’s 2019-20 financial year.
Publicly Held Canadian Dealerships to Pay 2Q20 Dividends
Cervus Equipment (TSX:CERV) and Rocky Mountain Dealerships (TSX:RME), western Canada’s largest farm equipment dealers are electing to pay a dividend to shareholders. Both dealership groups are headquartered in Calgary, Alb.
Titan Machinery Posts Better Than Expected Revenues in 2QFY21
Second quarter fiscal year 2021 results for Titan Machinery surprised analysts as it reported revenue and margin gains that surpassed expectations.

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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Dealers Report an Increase in Early Orders for 2021

The latest episode of On the Record is now available! In this week’s program, we have a preview of Ag Equipment Intelligence’s annual Dealer Business Outlook & Trends survey, which shows early equipment orders are up for 2021. In the Technology Corner, Jack Zemlicka shares what dealers say their best bests for growing precision revenues in the next 3 years are. Also in this episode, a look at how high horsepower tractor sales correlate with cash receipts and the potential for an uptick in tractor demand, as well a look at how year to date equipment sales compare to the 5 year average.

Genetically Engineered Corn & Soybean Seeds Have Seen Wide Adoption Since 1996
Genetically engineered (GE) seeds were commercially introduced in the United States for major field crops in 1996, with adoption rates increasing rapidly in the years that followed.
Equipment Financing New Business Volume Down 24% in August
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for August was $7 billion, down 24% year-over-year from new business volume in August 2019.
Equipment Finance Market Confidence Rises in September
The Equipment Leasing & Finance Foundation (the Foundation) releases the September 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Overall, confidence in the equipment finance market is 56.5, an increase from the August index of 48.4.
European Agricultural Tractor Registrations Down 12.1% Year-Over-Year in 1H20
According to a report from the European Agricultural Machinery Assn. (CEMA), some 89,105 tractors were registered across Europe in the first six months of 2020, according to numbers sourced from national authorities. Of these registrations, 23,556 tractors were 37kW (50 horsepower) and under, and 65,549 were 38kW and above.

Used Equipment Sales Boost Dealers’ Top and Bottom Lines

Uncertain Future for European Ag Shows as Manufacturers Withdraw

Mahindra Increases Its Stake in Finnish Combine Firm

Lansdowne Moody Expands Kubota Presence in Texas

Mergers & Acquisitions

Mahindra Increases Its Stake in Finnish Combine Firm

Lansdowne Moody Expands Kubota Presence in Texas

Trimble VRS Now Network Covers Over One Million Square Miles with Acquisition of MidStates VRS

Earnings Reports

U.S. Market a Bright Spot for Poettinger as European Sales Dip

Publicly Held Canadian Dealerships to Pay 2Q20 Dividends

Titan Machinery Posts Better Than Expected Revenues in 2QFY21

Webinar Replay

Opportunities in the Changing Economy

Featured Video

Dealers Report an Increase in Early Orders for 2021

Data & Trends

Genetically Engineered Corn & Soybean Seeds Have Seen Wide Adoption Since 1996

Genetically Engineered Corn & Soybean Seeds Have Seen Wide Adoption Since 1996

Equipment Financing New Business Volume Down 24% in August

Equipment Finance Market Confidence Rises in September

European Agricultural Tractor Registrations Down 12.1% Year-Over-Year in 1H20

Podcasts

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

[Podcast] On The Record: Government Payments Boost Farm Income to 7-Year High

[Podcast] On The Record: Deere's 3Q Results Exceed Analysts' Expectations

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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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Genetically Engineered Corn & Soybean Seeds Have Seen Wide Adoption Since 1996

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