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6-28-2019 BiWeekly eNewsletter of the Iowa-Nebraska Equipment Dealers Association
Equipment News
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Cost of Doing Business Study

It’s time for the 2019 Cost of Doing Business Study compilation. Submit your financial information for this annual study/project so you can compare your financial performance to that of all dealers; assist in the valuation process of your business; use benchmarks to establish future goals/budgets; and identify business trends and glean information to help improve your financial performance. Act today! Financial Statements must be received by July 14th to be included in the report. [Participate Here]

 
 

Are You Submarining the Value of Your Dealership? – HBK CPAs & Consultants

Sometimes seemingly informed decisions have unintended consequences. A well thought out move designed to increase profitability or enhance operations can wind up having a negative effect on dealership value. Building value requires more than focusing on metrics like fixed absorption or embracing the latest technology. Often, things like new technology, adding to your showroom footprint, forming a management company or compensative programs can rob you of value. So what drives value? And what detracts from value? It is vitally important to analyze your business and processes in terms of their role in establishing value. [More]

 

Young NE Man Owns 1975 JD 4400 Combine with Only 500+ Hours – Machinery Pete

Machinery Pete interviewed Kyle Pullen, owner of a 1975 John Deere 4400 combine he bought last fall with only 480 actual hours on it, next to a 2018 model John Deere S770 combine from Green Line Equipment, at the 2019 Classic Green Reunion event in Grand Island, NE. Kyle is an intern at Green Line Equipment. [Video]

 

 

U.S. Tractor & Combine Numbers See Some Stability – Ag Equipment Intelligence

As the trade wars continue to wage in U.S., farm equipment sales numbers mirror the uncertainty within the industry. U.S. sales saw minimal growth in most categories while Canada dropped in all but two, according to the latest AEM sales data. [More] 

 

Why Indigo Ag Believes Agriculture Needs to be Decommoditized – Successful Farming

Linking grains with specific users who will pay more will increase on-farm profits, says Indigo Ag’s CEO. [More]

 

‘Weather Trumps Trade:’ Analyst Sees Shift in U.S. Ag with Rising Corn Prices – Ag Equipment Intelligence

A rapid, meaningful shift is occurring in U.S. ag as extreme weather overshadows the Trade War. Corn has rallied sharply breaking out of a 5 year range as persistent wetness has raised supply concerns. Prices seem poised to move higher; this helps farm economics which should drive equipment demand (equipment buys reduce farmer tax liability, replacement demand is already present). [More]

 

USDA Reports Nation’s Wettest 12-Month Period on Record – Rural Lifestyle Dealer

The contiguous United States recently completed its wettest May to April period on record, according to the National Oceanic and Atmospheric Administration’s National Centers for Environmental Information. From May 2018 to April 2019, an average of 36.20 inches of precipitation fell across the Lower 48 states, 6.25 inches above the 20th century mean. In fact, it was the nation’s wettest 12-month period on record, regardless of which months are chosen. [More]

 

Fundraiser by 6-year-old Boy Leads to Virginia Bridge Going to Flooded Nebraska – Equipment World

When 6-year-old Kai Baldwin of Utah was watching TV news accounts of the devastating flooding in Nebraska in March that had wiped out farms, bridges and roads, he decided with tears in his eyes to raise money to buy a bridge to help the victims. [More]

 

 

 

INEDA will be hosting a “How to Avoid Email Scams” webinar in partnership with Pratum, an information security and cybersecurity services consulting firm, on July 25th at noon [CDT]. The focus of this interactive 30-minute webinar will be educating dealers and employees on email threats and best practices for prevention. Registration is just $50 per dealership location. [Register]

 

 

 
 
 

 

 

 

 

 

 

  

 

 

 

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