MIP #422 Row Crop Isolation With Jed Bengtson

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Summary
In 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.

Takeaways
The 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.

Chapters
00:00 Introduction and Background
03:23 Combine Market Trends
10:26 Four-Wheel Drive Tractor Market
14:17 Row Crop Tractor Market
16:47 Interest Rates and Financing
23:00 Outlook for 2024
26:23 Positive and Negative Factors in Montana
28:19 Contact Information and Recommendation

Click To Watch:
https://youtu.be/M3n9hgPlcKI

Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc

Music By: @TalbottBrothers

Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron

Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com