MIP #422 - Row Crop isolation with Jed Bengtson

MIP #422 Row Crop Isolation With Jed BengtsonMoving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.comMove More Iron with Fusable!Get your Free Demo at info.randallreilly.com/moving-iron-podcast. SummaryIn this episode, Casey Seymour interviews Jed Bengtson to discuss the current trends and challenges in the equipment business. They cover topics such as the combine market, four-wheel drive tractors, row crop tractors, interest rates, and the outlook for 2024. Jed provides insights into the market conditions in Montana and shares his contact information for further discussion.TakeawaysThe combine market is experiencing a decline in values, but auction values have not dropped as much as expected. Introducing new combine models, such as the class 11 combine, may further impact the market.Four-wheel drive tractors with four-track articulated machines are gaining popularity, but wheeled tractors are still in demand. Dual pumps and PTOs are common configurations in the market.The row crop tractor market is flooded with inventory, leading to increased competition and potential price pressure. Interest rates play a significant role in equipment sales, with many customers seeking lower rates.The outlook for 2024 is expected to be flat to slightly up, but dealers may face challenges due to increased inventory and carrying costs.Montana's construction business is thriving due to population growth.Networking and building connections are crucial in the equipment industry, and events like the Moving Iron Summit provide valuable opportunities for industry professionals.Chapters00:00 Introduction and Background03:23 Combine Market Trends10:26 Four-Wheel Drive Tractor Market14:17 Row Crop Tractor Market16:47 Interest Rates and Financing23:00 Outlook for 202426:23 Positive and Negative Factors in Montana28:19 Contact Information and RecommendationClick To Watch:https://youtu.be/M3n9hgPlcKI Click To Listen:https://on.soundcloud.com/UbvLbG5cS8yrhV358Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @ValleytransincMusic By: @TalbottBrothersHost: Casey Seymour @casey9673#agequipmentbusinesstal #letsgomovesomeiron Contact Me at:[email protected]