Articles by Dave Kanicki

Dealer Financials

Dealer Financials Improving, But More Work Needed

While dealers’ bottom lines are looking better, they must improve overall operations if they hope to enhance their profits in the years ahead.
Based on the results of the Western Equipment Dealers Assn.’s 2018 Cost of Doing Business Study, North American farm equipment dealers are making progress in improving a number of metrics typically used to measure their financial performance.
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North American Dealers Outlook for New Equipment Revenue
2019 Dealer Business Outlook & Trends for Farm Equipment

Improved 2018 Sales Sets the Tone for 2019 Outlook

As more ‘normal’ conditions settle in, dealers look for more of the same in the year ahead, which isn’t all bad.
After several difficult years, it looks as if U.S. and Canadian farm equipment dealers are back on firm footing. With that said, probably the best thing the industry can do moving forward is to not compare current conditions to the boom years of 2008-14, which were not typical, and acknowledge that the ag equipment business is actually returning to a more normal state.
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Midwest Farm Lending Up, But Not Much for Equipment

Loan volumes for almost all farming purposes rose at commercial banks, as many producers contended with tighter profit margins, according to the April 2015 edition of the Agricultural Finance Databook from the Federal Reserve Bank of Kansas City. Agricultural lending continued to grow in the first quarter of 2015, but the smallest percentage of overall loans were for farm machinery and equipment, which showed little or no increase vs. a year ago.
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From the Desk of Dave Kanicki

New Changes Coming to Farm Equipment Dealerships

Coming to a farm equipment dealership near you … new taxes on service and repairs, and weight, width, height and length limits for implements of husbandry (better known as farm equipment).
We all have a tendency to ignore things that are happening elsewhere because they aren't happening right in our back yard. Well, maybe dealers should start paying more attention because what's happening elsewhere like in other states could easily end up in their own back yard.
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From the Desk of Dave Kanicki

April 17, 2012

I've repeated this time and again, but I'm going to say it one more time: the favorite part of my job is talking with farm equipment dealers. The dealers I've visited with during the first part of this year from California to Canada and Montana to Iowa have only reinforced why I'm enjoying this job as much or more than the other three I've held since graduating from college nearly 40 years ago and I've liked each one of them very much.
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From the Desk of Dave Kanicki

March 6, 2012

If anyone is surprised that John Deere announced last Friday it would use an "Integrated Emissions Control" system that includes selective catalytic reduction (SCR) technology to meet air standards under the Final Tier 4 emissions regulations they shouldn't be.
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