In his July 9, 2021, executive order, U.S. President Joe Biden encouraged the FTC to "limit powerful equipment manufacturers from restricting people’s ability to use independent repair shops or do DIY repairs," as well as addressed ag equipment industry consolidation and non-compete agreements.
According to a report from Daily Camera, Trimble has sold its 60,030 square foot space in Boulder, Colo., that it purchased in 2019 and opted to consolidate all its Colorado operations in Westminster, Colo.
Even in a challenging ag economy, dealerships are looking for opportunities which can strengthen the business for the future. Acquisitions and consolidation have long been a part of the farm equipment industry. But collaborations and partnerships, especially on the precision farming side, could be key in further developing this side of the business for dealers.
In today's newscast we look at possible scenarios for manufacturer consolidation in the next 2 years, a new online resource that lets retailers coordinate equipment rentals with farm customers, OEM outlook for the next 12 months, the products dealers think are the "best bet" for improving sales in 2016 and Art's Way's latest earnings report.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.