Casey Seymour, Moving Iron, looks back at the factors that influenced the combine market this year and looks ahead to what we may see in 2025. In 2024, the combine market has seen significant changes, marked by contrasting trends that reflect the broader agricultural equipment industry’s adaptation to shifting economic conditions. Key reports from equipment analysts reveal that while the market is adjusting to challenges such as surplus inventory, high interest rates, and shifting demand, there are also signs of increasing auction prices for specific models, signaling a complex and nuanced picture. Economic Pressures Impacting the Combine Market One of… Read More »
Global demands for food, fuel and fiber are expected to dramatically increase over the next 25 years. At the same time, continuing labor shortages have growers seeking out technology to reduce labor while more precisely applying applied crop inputs via variable-rate technology. This exclusive report, Autonomous Farm Equipment: U.S. Farm Adoption & Outlook report, features original analysis from farm machinery experts coupled with primary research on the impact that autonomous and robotic farm machinery will have on North American equipment dealers, manufacturers and suppliers. You’ll also find a summary of autonomy’s technological progression that indicates that the intersection of remote sensing, internet… Read More »
UPDATE NOVEMBER 15, 2024 – The U.S. District Court for the Eastern District of Texas just issued its ruling invalidating the entirety of DOL’s overtime final rule. In his ruling, Judge Jordan stated that while DOL has the authority to define and delimit the terms of the overtime exemption, “that authority ‘is not unbounded.’” He explained, “the minimum salary level imposed by the 2024 Rule ‘effectively eliminates’ consideration of whether an employee performs ‘bona fide executive, administrative, or professional capacity’ duties in favor of what amounts to a salary-only test.” He also said that the Department’s automatic updates to the… Read More »
WHAT’S NEW: Under the Corporate Transparency Act (CTA), which went into effect on January 1, 2024, many business owners are required to file corporate transparency reports with beneficial ownership information (BOI) no later than January 1, 2025. WHY IT MATTERS: The CTA reporting mandates are designed to bolster transparency and combat financial crimes. Those who fail to meet this deadline could face up to two years imprisonment and fines up to $10,000, in addition to civil penalties of up to $591 per day. TELL ME MORE: Who needs to file: The CTA’s reporting requirements apply to “reporting companies,” which includes… Read More »
