According to the Small Business Administration’s Paycheck Protection Program (PPP), 3,185 businesses in the “Farm and Garden Machinery and Equipment Merchant Wholesalers” (NAICS classification 423820) received a total of $637.77 million in 2020 PPP loans from the U.S. Small Business Administration.
The results of this year’s Big Dealer Report found the continuation of a trend noted in the 2021 Big Dealer Report: Caterpillar dealers are separating from their AGCO business, particularly within the last few years.
Ag tractor and combine unit sales in April 2022 declined for the second month in a row, owing largely to supply chain difficulties, according to the latest data from the Assn. of Equipment Manufacturers (AEM).
With the farm equipment service technician shortage – now and in the future – Ag Equipment Intelligence examined the U.S. Bureau of Labor Statistics on this job category (Farm Equipment Mechanics & Service Technician, 49-3041).
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 we take a look at AGCO's recently introduced Transformational Assessment Process (TAP) for its North American production ag dealers. In the Technology Corner, Michaela Paukner examines how CNH Industrial and John Deere's tech stacks compare. Also in this episode, the latest earnings reports from Deere & Co. and Kubota.