Kim Schmidt

2 months ago | farm-equipment.com | Kim Schmidt

Ag Equipment Intelligence editors visited Blue Equipment, Kinze Manufacturing’s new full-service store located on its vast manufacturing campus in Williamsburg, Iowa. Dealership Sales Manager Justin Render provides an overview and tour of the new showroom and modern repair shop for Kinze equipment sold, traded and repaired in Southeast Iowa. The store, which originated after a local dealer’s retirement, also sells Ag Leader, Martin-Till, Lundell Plastics and Yetter.

2 months ago | farm-equipment.com | Kim Schmidt

While precision farming sales and service revenue was down on average from the previous year, most dealers are optimistic things will bounce back in 2025 according to the 12th annual Precision Farming Dealer Benchmark Study. Nearly 33% of dealers surveyed estimated their sales and service revenue was down 2% or more from 2023, while 40% reported little or no change. 20% said their revenue was up 2-7% and about 7% reported an increase of 8% or more.

Oct 30, 2024 | farm-equipment.com | Kim Schmidt |Dealer Issues

With grain prices continuing to remain low, dairy provides a bit of optimism for equipment sales for dealers and manufacturers alike. Speaking at World Dairy Expo on Oct. 4, in Madison, Wis., Secretary of Agriculture Tom Vilsack said USDA is expecting 2024 to be the third-highest export year for dairy products. In fact, he said, 2021 to 2024 may be a record for exports in terms of a 4-year timeframe.

Oct 28, 2024 | farm-equipment.com | Kim Schmidt

Deere & Co. remains confident about producing to demand during fiscal year 2025, JP Morgan (JPM) analysts reported following a virtual meeting with Deere Director of Investor Relations Josh Beal in early October. JP Morgan analysts expect Deere’s North American production could be down 10-15% next year with pricing flattish, which they said would drive decremental margin down to the typical 25-40% vs. the greater than 40% seen during fiscal year 2024.

Oct 25, 2024 | farm-equipment.com | Kim Schmidt

In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025. In the Technology Corner, Noah Newman visits with Dave Thompson, a precision farming specialist with Johnson Tractor. Also in this episode, dairy is proving to be a bright spot for ag equipment sales and used equipment pricing continues its downward trend.