Dealers report used equipment pricing improved during the fourth quarter of 2020. Results from Stifel’s fourth quarter dealer survey show used combine pricing improved 1.8% year-over-year on a weighted average basis in the fourth quarter of 2020.
According to a report from the European Agricultural Machinery Assn., the general Business Climate Index for the Agricultural Machinery Industry in Europe has risen to a clear boom level after having reached the positive range in October for the first time since mid-2019.
According to results from the January 2021 Dealer Sentiments & Business Conditions Update, surveyed dealers reported their used combine pricing was up 1% in December 2020, the first time pricing has reached a positive reading since 2012.
The general Business Climate Index for the Agricultural Machinery Industry in Europe has continued to increase sharply after having reached the positive range in October for the first time since mid-2019. In January 2021, the index is at +44 points (on a scale of –100 to +100).
Fewer new loans to farmers continued to drive a pullback in agricultural lending activity. A historically low number of new loans contributed to an increase in average loan size and drove a slight decrease in the overall volume of non-real estate loans at commercial banks in the fourth quarter.
In its most recent list, Ag Equipment Intelligence has gathered financial data from the filings of the ag industry’s key publicly-traded manufacturers and compiled its own list of these companies’ executives’ compensations.
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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.