Ag Equipment Intelligence | ¹û¶³´«Ã½ Our Members Bring Choice, Value & Innovation to Agriculture Thu, 30 Nov 2023 20:59:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.4 /wp-content/uploads/2023/09/fema-favicon-75x75.png Ag Equipment Intelligence | ¹û¶³´«Ã½ 32 32 Ag Equipment Intelligence Executive Briefing /news/ag-equipment-intelligence-executive-briefing/ Thu, 30 Nov 2023 20:59:20 +0000 /?p=26051 Join Ag Equipment Intelligence for an executive briefing of the year to come and hear from those with boots on the ground – Dealers, Manufacturers, Industry Experts and more – as they share their successes, pain points and thoughts on how 2024 looks from their vantage point.

]]> Farmers Focusing on Profit & Price for Equipment Purchases /news/farmers-focusing-on-profit-price-for-equipment-purchases/ Mon, 21 Nov 2022 17:59:49 +0000 /?p=20409 As the ag equipment industry faces a variety of challenges, such as new equipment shortages and rising interest rates, some in the industry are wondering which factors are impacting equipment purchase plans for next year.

To help answer that question, Ag Equipment Intelligence surveyed growers asking what’s impacting their new production ag equipment purchasing decision for 2023.

According to the survey, the most common deciding factor is farm profitability, which 47% said was their top factor. Rising new equipment prices followed at 29%. At just 6.8%, rising interest rates was the least selected category.

By brand, growers identifying their farm operation with John Deere were the most concerned about rising new equipment prices, with 38% citing it as their top factor. Some 15% of Case IH farmers were most concerned about price increases, the lowest percentage.

When it comes to new equipment availability, just 3.9% of AGCO farmers picked it as their top factor when planning equipment purchases, the lowest among brand groups. New Holland farmers were the most concerned when it came to new equipment availability, with 10.5% saying it was their top purchase factor.

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