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Farmers Lean Toward Leasing Ag Equipment

August 15, 2020 | Posted in Ag Equipment Business
The rising cost of new farm machinery, as well as that of repairing and maintaining it, along with the rapidly evolving use of precision farming technology are leading growers to weigh the benefits of leasing vs. purchasing. According to Deere & Co. reports, the company’s cost of equipment on operating leases is up more than 500% over the past decade.
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CEMA August 2020

European Dealer Sentiment Back to Pre-COVID-19 Level

August 11, 2020 | Posted in Data & Trends
The general Business Climate Index for the Agricultural Machinery Industry in Europe has continued to improve, and thus has completely reached the pre-COVID-19 level, which however was already negative. Now, in August 2020, the index is at –6 points (on a scale of –100 to +100).
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dealer optimism Jan-May 2020

Dealer Optimism Index Turns Positive in June Survey

July 6, 2020 | Posted in Data & Trends
According to the latest Dealer Sentiments & Business Conditions update, our Dealer Optimism Index, which measures sentiment among dealers compared to the prior month, turned positive after dropping in March. Sentiment rose to 9% in May (34% more optimistic, 41% in line and 25% less optimistic) from –40% in the previous month.
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1Q20 Ag Credit Conditions Decline as Loan Demand Rises

June 15, 2020 | Posted in Data & Trends
Agricultural credit conditions in the Kansas City Fed’s Tenth District and the Chicago Fed’s Seventh District slipped in the first quarter of 2020, impacted by the effects of the COVID-19 pandemic. As commodity prices drop, so has farm income, loan repayment rates and loan interest rates. At the same, farmland values have increased slightly or remained flat during the pandemic. 
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In this episode of On the Record, brought to you by Weasler Engineering, we break down the key takeaways from Ag Equipment Intelligence's newly released 2024 Big Dealer Report. In the Technology Corner, Noah Newman shows us how cover crop planting could be done autonomously. Also in this episode, CNH Industrial reports a drop in ag sales, AGCO combine and application equipment sales are down year-over-year and a UK New Holland factory strike could impact North America.

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