According to Ag Equipment Intelligence’s second annual survey to farmers about shortline equipment preferences, farmers continue to buy shortline equipment due to the “quality for the price” and the major-lines’ lack of experience in niche areas.
Based on preliminary results of Ag Equipment Intelligence’s 2022 Big Dealer Report, dealer consolidation is continuing to pick up. While the total number of big dealers dropped to 195 from 197 last year, the total number of stores owned by big dealers increased from 2,358 in 2021 to 2,471 this year, an increase of about 4%.
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In this episode of On the Record, the latest Dealer Sentiments Report shows that dealers inventories of both new and used equipment are improving despite being too low. In the Technology Corner Noah Newman talks with Verdant Robotics plans to scale its fleet. Also in this episode, Titan Machinery reports record results for the third quarter of fiscal year 2023 and Farm Credit Canada forecasts tight machinery inventories well into 2024.