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On the Record

CARES Act Offers Dealers & Manufacturers Relief Amid COVID-19 Crisis

The latest episode of On the Record is now available! We hope all of our readers and viewers are staying safe during these unprecedented times. In this week’s episode we provide details on how some of the taxation and lending provisions of the CARES Act will help farm equipment dealerships. In the Technology Corner, Jack Zemlicka shares how some dealers are using remote support amid restrictions put in place because of COVID-19. Also in this episode: Titan Machinery annual revenues were up 3.5%, CNH Industrial announces management changes and Raven Industries acquires the remaining shares of Dot Technology.
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On the Record

Canadian Dealers Report Tough 4Q & Full Year Results

The latest episode of On the Record is now available! In this week’s episode, we discuss the continued challenges hitting Canadian dealers. We also take a look at how dealers have responded to the COVID-19 pandemic and how its impacting the commodities market. Also in this episode: How Bobcat’s return to tractors boosted its bottom line and digital strategies for dealers.
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On the Record

Dealer & Farmer Sentiments on the Rise

The latest episode of On the Record is now available! In this week’s program, we examine the results of the 12th Annual No-Till Operational Benchmark Study and what the survey found in terms of no-tillers' plans for equipment purchases in 2020. In the Technology Corner Jack Zemlicka discusses the right to repair from a precision technology standpoint. Also in this episode: global tractor sales are on the rise, an improvement in both dealer and farmer sentiment, Alamo reports ag division sales lag despite a record year in total revenue, and North American sales help Krone’s 5th consecutive year of record revenue.
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Deere's FY1Q Sales Drop 4%
On the Record

Deere's FY1Q Sales Drop 4%

The latest episode of On the Record is now available! In the Technology Corner, Jack Zemlicka discusses precision technology adoption among no-till farmers. Also in this episode: farmland values hold steady, European dealer sentiment improves, private equity firm Westcap invests in Degelman and Deere’s latest earnings report.
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On the Record

Art’s Way Reports 59% Improvement in 4Q Ag Sales

The latest episode of On the Record is now available! In this week’s program, we cover AGCO and CNH Industrial’s 4Q and full year 2019 results. Art’s Way also reported its 4Q and year-end sales, including a 59% improvement in 4Q sales vs. the same period last year. Also in this episode: strides in rural broadband access and an improvement in producer sentiment.
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On the Record

Deere Intensifies Precision Push

The latest episode of On the Record is now available! In this week’s episode, we discuss the See & Spray technology that Deere showcased at the Consumer Electronics Show in Las Vegas. In the Technology Corner, Jack Zemlicka explores how dealerships can rethink how they determine and define precision roles. Also in this episode: Claas’ fiscal 2019 revenues, growth in the telescopic handler market in France and some of the results of Rural Lifestyle Dealer’s annual Dealer Outlook & Trends survey.
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On the Record

Dealer Optimism Index Shows Significant Improvement

The latest episode of On the Record is now available! In this week’s episode, we discuss improvements in dealer sentiment at the end of 2019 as well as producers likelihood to purchase farm equipment. From the Precision Farming Dealer Summit in St. Louis this week, Technology Editor Jack Zemlicka reports on how dealers can serve as consultants to their customers, particularly when it comes to technology. Also in this episode: Buhler Industries’ revenues drop 25.7%, the Dallas Fed reports 4Q ag loan demand declines and farmland values are likely to hold steady in 2020.
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On the Record

Deere Takes Action to Address Lease Returns

The latest episode of On the Record is now available! In this week's episode we discuss Deere's plans to address leasing concerns, the economics of robotic implements and the likelihood that the third installment of the Market Facilitation Program payments will be made. Also in this episode, an exclusive interview with Nebraska Gov. Pete Ricketts while in Germany as part of a trade delegation and a look at what dealers thought had a bigger impact on machinery sales in 2019 — trade or weather.
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On the Record

Deere Reports 3% Increase in Ag Sales in 4Q, Announces Voluntary Employee Buyout

The latest episode of On the Record is now available! In this week's episode we discuss Deere & Co.'s 4Q earnings, along with the company's recent announcement about voluntary employee buyouts. In the Technology Corner, Jack Zemlicka talks about one dealership's take on precision specialist training. Also in this episode, the latest earnings reports from Titan Machinery and Kubota, a comparison between European and North American farm equipment distribution and a look at regenerative agriculture trends.
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On the Record

Dealers and Manufacturers Search for Opportunities in Hemp

The budding hemp industry has potential opportunities for equipment dealers and manufacturers, but growers might not be ready to buy just yet, according to Ag Equipment Intelligence’s latest research report. Cervus Equipment, one of John Deere’s largest ag equipment retailers, see sales slide 19% in their third quarter. In the Technology Corner, Jack Zemlicka talks about autonomy in ag equipment and what the first applications are forecast to be. The American Farm Bureau Federation reports that farm bankruptcies rose year-over-year in September, and an event at the Federal Reserve Bank of Chicago sheds light on how conservation practices might benefit growers in the future.
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