In this podcast we look at how factors beyond farm income are weighing on farmer sentiment and their willingness to buy equipment. In the Technology Corner, Noah Newman takes a closer look at Deere's new strip-till rig. Also in this episode: AGCO reports a strong third quarter and interest rate increases put pressure on grower and dealer sentiment.
In this episode of On the Record we look at how factors beyond farm income are weighing on farmer sentiment and their willingness to buy equipment. In the Technology Corner, Noah Newman takes a closer look at Deere's new strip-till rig. Also in this episode: AGCO reports a strong third quarter and interest rate increases put pressure on grower and dealer sentiment.
The general business climate index for the agricultural machinery industry in Europe has continued to fall after its sharpest drop since the crash in the wake of COVID-19, but is still holding at a positive level.
According to a report from the European Agricultural Machinery Assn., the general Business Climate Index for the Agricultural Machinery Industry in Europe has risen to a clear boom level after having reached the positive range in October for the first time since mid-2019.
The general Business Climate Index for the Agricultural Machinery Industry in Europe has continued to improve strongly, almost approaching the pre-COVID-19 level, which however was already negative. Now, in July 2020, the index is at -20 points (on a scale of -100 to +100).
The 2019 Precision Farming Dealer benchmark study reflects an optimistic outlook from dealers in 2018. At the same time, the report shows weaker sentiments than reported in 2017. This continues a reversal from the upward trend started in 2016 and instead marks a slight pullback in overall market sentiment and revenue growth.
In this podcast, 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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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.