NEVADA – Today, Gov. Kim Reynolds visited Van Wall Equipment in Nevada to highlight their new Farm Equipment Mechanic Registered Apprenticeship program and celebrate Registered Apprenticeship Appreciation and Awareness Week. Gov. Reynolds also signed a proclamation, recognizing the value of Registered Apprenticeship training and promoting expansion of these opportunities within the state. Iowans are encouraged… Read More »
ST. LOUIS, MO (October 24, 2019) – The Equipment Dealers Association (EDA) is proud to announce the election of their new Chairman of the Board, Ivan Dorhout. Ivan has served on the Board of Directors since 2015 and was elected Vice Chairman in 2018. Ivan is replacing Tom Rosztoczy and will serve two years as… Read More »
LOUIS, MO (September 17, 2019) – The Equipment Dealers Association praises the IRS’ final and proposed regulations that clarify bonus depreciation and interest expense for dealerships with floor plan financing. “To the extent that overall interest expense, including floorplan interest, is below 30% of adjusted taxable income, a dealership will be eligible to take 100%… Read More »
Deere (NYSE:DE) is looking to extend more credit to African farmers who have traditionally made purchases in cash amid a “dramatic shift” in mechanization as the continent seeks to boost food production. The company lends as much as $70M to individual African farmers, said Antois van der Westhuizen, financial director for sub-Saharan Africa. “The more we finance,… Read More »
In light of the June Supreme Court Decision more and more states are enacting laws that require dealers to collect and remit sales tax on transactions in their state even if the dealership has no physical presence in that state. Add Alabama, Illinois, Indiana, Kentucky, Michigan, Minnesota, New Jersey, North Dakota, Washington and Wisconsin to… Read More »
Lean Initiatives, Mixed Model Manufacturing and Glass Technology Leads to Greater Quality, Efficiency for Farm Equipment Manufacturer AGCO Jackson Operations, the Minnesota-based manufacturing center for AGCO Corporation (NYSE:AGCO), a worldwide distributor and manufacturer of agricultural equipment, has been named the 2017 Assembly Plant of the Year. The Jackson facility manufactures complex, custom-configured Challenger® and Massey… Read More »
