Last week, Henry Kirn, analyst for UBS Investment Research, visited with 13 farm equipment dealerships in Iowa and Nebraska. In his subsequent report to investors, Kirn says that “Dealers reported strong new equipment pricing power and low new equipment inventories as OEM inventory strategies are working. Dealers expected low to mid-single digit price increases for 2012, including 10-12% for Interim Tier 4 combines.”
The availability of new equipment along with corn and soybean yields will…
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