Opening a new R&D and on-farm training facilities, and modernizing the company’s main factory pre-fabrication department last year, characterizes Lemken’s outlook for the long term future of ag equipment markets.
Passage of the Section 179 and Bonus Depreciation tax incentives in late December probably helped some, but not enough to meaningfully reduce new and used farm equipment inventories on dealers’ lots.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.