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Farm Machinery
Machinery
What's really going on in the machinery business?
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<blockquote data-quote="Jim Bullock" data-source="post: 2103238" data-attributes="member: 97"><p>I just wonder how many machinery dealers will be able to weather the present storm.? If you look at the portfolio of second-hand kit available from some of the big dealers I would have sleepless nights worrying how to divulge myself of it... The only benefactors will be the finance companies who underwrite not only new but second hand kit sitting in dealers yards.</p><p>Its a bit worrying that the likes of JD and AGCO are reporting dramatic drops in sales (15-25%). I suppose the UK is hardly worth a mention about in global terms but with barley at around £90/ton and wheat at circa £100/ton for harvest 2016 who is going to be investing in new kit in 2016.?</p></blockquote><p></p>
[QUOTE="Jim Bullock, post: 2103238, member: 97"] I just wonder how many machinery dealers will be able to weather the present storm.? If you look at the portfolio of second-hand kit available from some of the big dealers I would have sleepless nights worrying how to divulge myself of it... The only benefactors will be the finance companies who underwrite not only new but second hand kit sitting in dealers yards. Its a bit worrying that the likes of JD and AGCO are reporting dramatic drops in sales (15-25%). I suppose the UK is hardly worth a mention about in global terms but with barley at around £90/ton and wheat at circa £100/ton for harvest 2016 who is going to be investing in new kit in 2016.? [/QUOTE]
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What's really going on in the machinery business?
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