What's really going on in the machinery business?

Walterp

Member
Location
Pembrokeshire
Dont know, i suspect lots of us dont claim because we have been told we cant.
In reality though, many of us rarely use the car for totaly non farm related purposes.
If the farm is operated as a company, it would be easy to hire the car off the company
for the odd jaunt
Wouldn't you have to have another car, then, purely for private use?

Otherwise, you'd be in the untenable position of saying that you don't have any private use?
 

HAM135

Member
Arable Farmer
This sale in Norfolk last week http://auctions.jupix.co.uk/uploads/1405.pdf returned 60k for a 2013 fendt 724 with 4600 hrs and two years warranty left, i rang a fendt dealer earlier this afternoon about a 2007 fendt 820 with 3600 hrs and he wanted 55k and said thats it. I was rather bemused when i ended the call.
I guess the dealer will be sitting with that one for a long time!
Must have been one of those fendt guaranteed buy back prices!
 

joe soapy

Member
Location
devon
Wouldn't you have to have another car, then, purely for private use?

Otherwise, you'd be in the untenable position of saying that you don't have any private use?

Walter, for many years 99.9 % of my trips were farm related , it would have been very easy to generate
a paper trail showing the farms car was hired by me on the very occasional private journey
 

vf949

Member
Which still begs the question why didnt they do this on "the line" for the last few years?

Because the engines wouldn't have been as fuel efficient and as lively as they have been with the cheat software. The software update that they are going to carry out is going to make the car thirstier. It will have to use more fuel to burn off the emissions.
 
Just saw these two news snippets in Profi:

10/2/16:
CNH Industrial, the parent company of New Holland, Case IH and Steyr, saw its net agricultural equipment sales fall by 27.5% to US$11.02 billion last year (US$15.20 billion in 2014).

The concern blames the weakened global demand for tractors (-8%) and combines (-19%), when compared to 2014 levels. The largest drops were recorded in the important North American and Canadian markets where sales of 140hp+ tractors fell by 31% and combines 28%. The Latin American market was also well down; tractors (-27%) and combines (-39%). Closer to home, EMEA (Europe, Middle East, Africa) markets were down 7% for tractors and 7% for combines.

Sales of agricultural equipment in North America and Canada are forecast to decline again this year, with the row crop sector down by as much as a 20%, while EMEA markets are expected to remain flat.

Total 2015 net sales for CNH Industrial (includes construction, trucks and commercial vehicles and powertrain divisions) of US$25.91 billion are down 20.4% on 2014’s US$32.55 billion.

4/2/16:
AGCO net sales fell by over 23% last year to approximately US$7.5 billion. Down on 2014’s US$9.7 billion, and a big drop on the 2013 peak of US$10.7 billion, weakened demand for farm equipment contributed to lower sales across all major markets during 2015. Significantly lower industry retail sales of high-horsepower tractors, combines and sprayers, saw net sales in North America fall 16.3%, and the weakness in the Brazilian economy is largely blamed for the 21.8% decline in AGCO’s South American business.

Closer to home, weaker tractor and machine sales in Germany, Finland, Africa, the UK and Scandinavia, were partially offset by growth in France and Turkey, and overall EAME (Europe, Africa and Middle East) net sales were down by ‘just’ 4% during 2015.

The company expects the difficult global industry conditions to persist throughout this year, with farmers continuing to delay purchases and industry inventory levels being managed down. The weaker demand for farm equipment across all regions and the unfavourable effects of foreign currency translation are expected to negatively impact on the concern’s 2016 net sales which are forecast to decline to around US$7 billion (the lowest level in the past five years).


Looks like Europe is holding up comparably well compared to North and Latin America.
 
Judging by the latest used machinery mag from Manns (Claas) they aren't worried......

2011 scorpion 7045 vp, 2973 hrs £42,000

2012 scorpion 7030, 4835 hrs £34,000
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 105 40.7%
  • Up to 25%

    Votes: 94 36.4%
  • 25-50%

    Votes: 39 15.1%
  • 50-75%

    Votes: 5 1.9%
  • 75-100%

    Votes: 3 1.2%
  • 100% I’ve had enough of farming!

    Votes: 12 4.7%

May Event: The most profitable farm diversification strategy 2024 - Mobile Data Centres

  • 1,704
  • 32
With just a internet connection and a plug socket you too can join over 70 farms currently earning up to £1.27 ppkw ~ 201% ROI

Register Here: https://www.eventbrite.com/e/the-mo...2024-mobile-data-centres-tickets-871045770347

Tuesday, May 21 · 10am - 2pm GMT+1

Location: Village Hotel Bury, Rochdale Road, Bury, BL9 7BQ

The Farming Forum has teamed up with the award winning hardware manufacturer Easy Compute to bring you an educational talk about how AI and blockchain technology is helping farmers to diversify their land.

Over the past 7 years, Easy Compute have been working with farmers, agricultural businesses, and renewable energy farms all across the UK to help turn leftover space into mini data centres. With...
Top