Kim Schmidt

Kim Schmidt

Kim Schmidt is the Executive Editor of Farm Equipment and the host of Ag Equipment Intelligence’s On The Record. An award-winning writer, she worked 7 years in business-to-business trade media before joining Farm Equipment in 2012. She is a journalism graduate of Marquette University.

Contact: kschmidt@lessitermedia.com

ARTICLES

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On the Record

Deere Workers Strike for First Time in More Than 30 Years

In this week's episode we take a first look at the UAW strike at 14 of Deere's U.S. facilities. In the Technology Corner, Michaela Paukner examines Kubota's planned acquisition of AgJunction for $72.8 million. Also in this episode, California Gov. Gavin Newsom has signed a bill that will ban gas-powered small-off road engines. Ben Thorpe reports on dealers early orders heading into 2022, based on the results of Ag Equipment Intelligence's Dealer Business Outlook & Trends report. Art's Way reported its second straight profitable quarter, and saw Agriculture Products segment sales for the third quarter improve by 27% vs. last year.
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Dealers Report Price Increases as High as 22%
On the Record

Dealers Report Price Increases as High as 22%

In this week’s episode, a net 82% of dealers report their new equipment inventory is too low and say they are seeing price increases from the OEMs ranging from 4% to as high as 22%. In the Technology Corner, Michaela Paukner reports on the proposed precision loan program Sen. Deb Fischer and Sen. Amy Klobuchar recently introduced. Also in this episode, German shortline manufacturer Horsch it will almost double production capacities with a number of world-wide investment projects within the next 2-3 years. According to the 2022 Dealer Business Outlook & Trends report, dealers are forecasting revenues to increase next year, along with price increases from the OEMs. And, the Business Climate Index for the Agricultural Machinery Industry in Europe dropped for the third month in a row to 63 points.
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On the Record

Titan Machinery Revenue Up 22.% at Mid-Year

The latest episode of On the Record is now available! In this week's episode, we cover Titan Machinery's strong second quarter of fiscal year 2022, which saw revenues increase 24.4%. In the Technology Corner, Michaela Paukner shares a close look at 360 Yield Center's 360 RAIN autonomous irrigation system. Also in this episode, the Ag Economy Barometer shows farmer sentiment recovered slightly in August, Raven Industries' Senior Director of Global Sales Sarah Waltner shares some opportunities for the technology company after its acquisition by CNH Industrial closes. Finally, Ben Thorpe takes a look at the latest forecast for net cash farm income, which is estimated to be up 17% in 2021.
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On the Record

Cervus Reports Record 2Q and Acquisition by Brandt Tractor

The latest episode of On the Record is now available! In this week's episode, we report on Cervus Equipment's record second quarter earnings as well as the dealership's announcement that it has agreed to be acquired by Brandt Tractor. In the Technology Corner, Michaela Paukner discusses Purdue University's new precision ag course for high school teachers. Also in this episode: AGCO CEO Eric Hansotia says they are positioning Challenger as a "track tractor" brand, dealer optimism drops amid inventory challenges and Deere's third quarter earnings report.
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On the Record

Deere Extends Autonomy Reach with Bear Flag Acquisition

In this week’s episode, we look at how Kubota performed in the second quarter and first half of 2021. The manufacturer reported healthy growth in both revenue and operating profit. In the Technology Corner, our new editor Michaela Paukner reports on Deere’s recent acquisition of Bear Flag Robotics. Also in this episode: farmer sentiment declined slightly in July, according to Purdue’s latest Ag Economy Barometer, and Alamo Group reported a strong second quarter and first half.
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On the Record

Used Combine Inventories Continue to Drop

In this week's episode we take a look at the latest Dealer Sentiments & Business Conditions survey, which shows used combine inventories reaching a record low. In the Technology Corner, Ben Thorpe discusses the findings of study done by the Assn. of Equipment Manufacturers, the American Soybean Assn., Crop-Life America and the National Corn Growers Assn., on the environmental benefits of precision ag technology. Also in this episode the House Ag Committee approves a $5.5B disaster aid bill that will put money in farmers' pockets, AGCO's second quarter net sales improved by double-digits and CEMA's general Business Climate Index shows European ag equipment industry sentiment dropped slightly in July.
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On the Record

Biden's Executive Order Keeps Right to Repair in the Spotlight

The latest episode of On the Record is now available! In this week's episode we take a look at President Joe Biden's recent executive order that encourages the Federal Trade Commission to make rules related to Right to Repair. In the Technology Corner, Ben Thorpe discusses the results of the 8th Annual Strip-Till Operational Benchmark Study and what precision technology strip-tillers plan to invest in in 2021. Also in this episode: Art's Way's second quarter and frist half earnings and Kubota's results in the latest EDA Dealer-Manufacturer Relations report.
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On the Record

Louisiana Governor Signs Bill to Strengthen Dealer Buyback Laws

The latest episode of On the Record is now available! In this week's program, we take a look at the recently signed Louisiana law that is aimed at strengthening dealers' positions when it comes to incentive bonuses and "coerced" stocking of parts and equipment. In the Technology Corner, Ben Thorpe takes a closer look at some of the 2021 Precision Farming Dealer Benchmark study results, including aftermarket precision sales. Also in this episode: more on CHI Industrial's acquisition of Raven, dealer optimism turns negative for the first time since April 2020 and China's corn imports from the U.S. rebounded in 2020.
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On the Record

New York One Step Closer to Right to Repair

The latest episode of On the Record is now available! In this week's program we take a look at the New York State Senate's Digital First repair act, which was recently passed — marking the first chamber in the U.S. to pass a right to repair bill. In the Technology Corner, Ben Thorpe shares dealers' outlook for growing revenue from precision farming. Also in this episode, dealers report new price realization reached a 9-year high in the latest Dealer Sentiments and Business Conditions Update and the Equipment Dealers Assn. announces Claas and Branson Tractors earned top honors in the annual Dealer-Manufacturer Relations survey.
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On the Record

Titan Reports 1Q Ag Revenues Up 18.6%

The latest episode of On the Record is now available! In this week's episode, Titan Machinery released its first quarter earnings for fiscal year 2022, with all segments reporting growth except for the rental and other division. This week's Dealers on the Move include Torgerson's, Hutson Inc. and Atlantic Tractor. Associate Research Editor Ben Thorpe takes a look at Deere's second quarter earnings and on the battle for market share between Deere and AGCO's Fendt brand. Also in this episode, a closer look at the used high horsepower tractor market and Kubota's first quarter results.
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