Kim Schmidt

Kim Schmidt

Kim Schmidt is the Managing 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

On the Record

Are Bobcat and Farmtrac Tractors Returning to the U.S.?

The latest episode of On the Record is now available! In this week's episode we discuss two tractor lines that had disappeared from the U.S. market — Bobcat and Farmtrac — that are set to make a return. In the Technology Corner Jack Zemlicka discusses dealers' 5-year precision revenue outlook. Also in this episode, Deere & Co.'s third quarter earnings report and Cervus Equipment's second quarter earnings.
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On the Record

Rocky Mountain Dealerships Reports Tough Second Quarter

The latest episode of On the Record is now available! In this week’s episode, we look at the second quarter earnings reports for several dealers and manufacturers, including AGCO, Rocky Mountain Dealerships and CNH Industrial. In the Technology Corner, Jack Zemlicka shares how transitioning to smaller, autonomous implements will require a substantial shift for manufacturers and dealers, with cost-savings being the driving factor. We also discuss the rising Ag Economy Barometer, bringing a more optimistic perspective on farmland values and influencing decisions on large equipment. Also, in this episode, we break down the 2019 Market Facilitation Program, and we discuss the on-going battle over North Dakota’s ‘Dealers Bill of Rights’.
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On the Record

How Real is the Potential in the Hemp Market?

The latest episode of On the Record is now available! In this week’s episode we look at the emerging hemp industry and what it could mean for the farm machinery business. In the Technology Corner, Jack Zemlicka shares some insights on how ag start-ups, particularly on the software side, could offer some lucrative opportunities for dealers. We also discuss tractor and combine sales first half of the year for and what we might expect the second half of the year. Also in this episode, dealers and manufacturers say hay and forage equipment sales have seen a nice pick up recently, and we discuss the moderate increases in non-real estate farm lending.
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On the Record

Ethanol Exports Could Grow, But Little Impact on Equipment Sales

The latest episode of On the Record is now available! In this week's program we look at a recent CoBank report on the potential for ethanol production growth over the next decade. Also in this episode, Jack Zemlicka discusses the post-planting mindset of "selling solutions" in the Technology Corner, and we dig into some of the results of the 6th annual Strip-Till Practices study from Strip-Till Farmer, another drop in machinery loans in the Dallas Federal Reserve district and improved 2Q revenues for Art's Way.
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On the Record

Could 2020 Be the Year the Ag Equipment Market Bounces Back?

The latest episode of On the Record is now available! In this week’s program we discuss how the wet weather and late planting could be setting the stage for improved corn prices and farm equipment sales. Also in this episode: more action in the “Right to Repair” fight, how trade concerns are impacting Canadian equipment sales, and a California law that is creating headaches for dealers.
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On the Record

Is Titan Ready to Pick Up Acquisition Activity Again?

The latest episode of On the Record is now available! In this week’s episode we discuss Titan Machinery’s renewed focus on acquisitions in the U.S., one annalist’s take on how Blue River Technology could redefine farmer input costs, a double-digit drop in farmer sentiment and mixed results in large ag equipment sales during May. In the Technology Corner, we take a look at how dealers are shifting the way they bill service support.
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On the Record

Wet Weather, Low Commodity Prices & Trade Push Dealer Sentiment Lower

The latest episode of On the Record is now available! In this week’s episode we discuss a double-digit drop in dealer sentiment, Deere’s plans to cut production by as much as 20% at some plants, results from the 2019 Dealer-Manufacturer Relations survey and Titan Machinery’s latest earnings report. In the Technology Corner, Jack Zemlicka shares preliminary results of the 7th annual Precision Farming Dealer benchmark study.
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On the Record

Deere Reports 2Q Revenues of $11.3 Billion

The latest episode of On the Record is now available! In this week’s program, we report on Deere & Co.’s second quarter earnings and outlook for the remainder of the year. Publicly traded dealer groups Cervus Equipment and Rocky Mountain Dealerships both reported their first quarter results recently, and put an emphasis on moving used equipment in the quarter. CNH Industrial’s first quarter results took a hit due to unfavorable exchange rates. Also in this episode, Stanley Elliot, analyst with Stifel, provides some analysis of the 2017 USDA Census of Agriculture. In the Technology Corner, Jack Zemlicka talks about planned updates to the Agricultural Electronics Foundation’s compatibility database.
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On the Record

Big Dealer Report Reveals Big Dealers Getting Bigger

The latest episode of On the Record is now available! In this week’s episode we take a look at how the number of “big” dealers has changed vs. a year ago. In the Technology Corner, Jack Zemlicka discusses increasing interest in optical sensor technologies. Also covered in this episode: increasing demand for equipment loans, Cervus Equipment’s new president and CEO, Angela Lekatsas, the reintroduction of the Concord brand of air seeding technology and first quarter ag equipment sales results.
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On the Record

CNH Industrial Makes 3-D Printing Reality for Ag Equipment

The latest episode of Ag Equipment Intelligence’s On the Record is now available! In this episode, we explore CNH Industrial’s steps into making 3-D printing for ag parts a reality, current and future trends in precision farming and how Dot Technology is making autonomous farming a possibility. Also in this episode, we discuss the latest earnings reports from Titan Machinery, Kubota Corp. and Art’s Way Mfg.
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