It’s no secret that ongoing advancements in technology are making it easier than ever before to keep heavy equipment up, running and on the job. And it’s in minimizing the risk of unplanned machine failure, maximizing uptime and optimizing efficiency that equipment users ensure they can remain as productive as possible.
Trust in America’s farmers and ranchers remains high amid the devastating blow delivered by the COVID-19 pandemic.
EDA hosts a three-part series on financial preparedness for equipment dealers. Look for registration details next week. The three-part series will cover a range of helpful topics. These webinars are FREE to FWEDA members.
New Monthly Job Loss Data Foreshadows More Layoffs Amid Project Cancellations and State Cutbacks in Road Projects as Association Calls for More Small Business Relief and Immediate Aid for Highway Funding
Shifting consumer buying patterns and closed institutional venues has increased volatility in the food supply chain, resulting in misalignment of food supply and demand. Commercial demand is down leaving commercial processors and distributors with an inability to efficiently and economically serve retail markets resulting in surging prices for some goods while also prompting other goods like produce and milk to be thrown away.
A report on the trucking industry commissioned by FEMA paints a stark portrait of an industry fraying at the seams, amid a rise in drivers contracting Covid-19 and wild market swings that are buffeting an industry dominated by mom-and-pop operations that could go under. “Unprecedented shifts in shipper demand among essential and non-essential businesses have challenged the freight system’s agility,” and “financial stress is now certain for most carriers and acute for those serving non-essential sectors.”
The agricultural equipment industry has a unique role to play as COVID-19 cripples the global economy and U.S. farmers head to the fields to plant. Through the Association of Equipment Manufacturers (AEM), the industry is urging the federal government to improve and streamline existing manufacturing programs in this time of crisis.
The United States and China have reached an historic and enforceable agreement on a Phase One trade deal that requires structural reforms and other changes to China’s economic and trade regime in the areas of intellectual property, technology transfer, agriculture, financial services, and currency and foreign exchange.
U.S. Construction Machinery New Orders declined 3.9% through October 2019, though a rise in quarterly U.S. Housing Unit Building Permits suggests a potential recovery in New Orders.
For the first 9 months of 2019 ended Sept. 30, Kubota Corp. reported revenues increased by $888.2 million (7.1%) from the same period in the prior year to $13.5 billion. Domestic revenue increased by $534.4 million (13.7%) from the same period in the prior year to $4.4 billion. The company attributed the increase largely to a significant rise in revenue in Farm & Industrial Machinery.