Kim Schmidt

1 week ago | farm-equipment.com | Kim Schmidt

Farm Equipment editors encounter a variety of articles, social media posts, podcasts and videos that offer a unique look at various aspects of our great farm machinery industry.

1 week ago | precisionfarmingdealer.com | Kim Schmidt

CNH Industrial’s target is to raise ag segment operating margins from about 12.5% in 2024 to 16-17% by 2030 and a key component to achieving that is precision technology, notes analyst Shane Thomas in Upstream Ag Insights. “CNH Industrial has been the one player of the big three OEMs that has shared relatively little about its precision ag strategy and initiatives — until now,” Thomas said. CNH has nearly doubled its R&D and capital expenditures since 2019.

1 week ago | farm-equipment.com | Kim Schmidt

This week’s DataPoint is brought to you by the Dealership Minds Summit, coming to Iowa City, July 29-30. To register, visit DealershipMindsSummit.com. While the U.S. and Canada top the corn producing-nations at an average of 179 and 158 bushels per acre, respectively, the averages outside of the U.S. are just 59 bushels, representing a tremendous amount of potential for technology refinement and growth, says biofuels company Poet.

1 week ago | precisionfarmingdealer.com | Kim Schmidt

While tallying up the poll questions we asked dealers on the Farm Equipment Dealer 100, it came as no surprise that the area where the most dealers (70%) planned to hire was technicians. It was the same last year and it tracks with the Ag Equipment Intelligence’s 2025 Dealer Business Outlook & Trends report which shows 67.1% of dealers plan to add service technicians this year. The same was true last year, too — technicians came in at No. 1 in terms of employment needs in both reports.

1 week ago | farm-equipment.com | Kim Schmidt

Case IH dealership group Titan Machinery reported its first quarter earnings for fiscal year 2026 on April 22. Ag segment revenues for the quarter were down 14.1% to $384.4 million. The dealership notes that the revenue decrease resulted from a softening of demand for equipment, driven by the decline in net farm income and sustained high interest rates. Pre-tax loss for the first quarter of fiscal 2026 was $12.8 million, compared to $13.0 million of pre-tax income in the first quarter last year.