Sales of Precision Farm Services Expected to Slow

first_img By Hoosier Ag Today – Aug 14, 2016 SHARE Facebook Twitter Facebook Twitter Previous articlePostcards from the Indiana State FairNext articleAgricultural Innovation Yesterday, Today, and Tomorrow Hoosier Ag Today Home Indiana Agriculture News Sales of Precision Farm Services Expected to Slow Following the downturn in the agriculture economy, a majority of precision farm equipment dealers expects sales to slow. Only 40 percent of dealers expect some growth in their precision farming sales due to the continuing headwinds in agriculture. Still, precision farm equipment dealers remain optimistic. A benchmark study found only 21.1 percent of dealers expect any fall off in revenue, a considerable improvement from last year’s results when 35.5 percent of dealers predicted declining revenues.The percentage of dealers reporting declines of 7 percent or less in 2015 revenue was about 2 percent less than forecast in last year’s benchmark study. When it comes to predicting strong growth, however, fewer dealers expect a significant gain in sales dollars in the precision segment of their business. The survey shows just 1 in 10 dealers are projecting revenue increases of over 8 percent for this year.Source: NAFB News Service SHARE Sales of Precision Farm Services Expected to Slowlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *