Death Watch; RME

[bucket]

Nothing to worry about... I dumped just shy of a partsmans yearly salary into that place for combine parts in July.

Kept a couple LTL freight companies and international customs brokers in business as well being that the regina depot is pretty much empty these days. Most everything came out of Lebanon PA, or quebec/Ontario.

Maybe they wanted you to lease a new one instead????????

[Herc]

Pattison isn’t in trouble he built a second shop in North Battleford. Oh wait thats the Tingleys dealership with all the green equipment.....

[furrowtickler]

Disposable society ...use it and throw it away...

Lately I have been wondering ....ads have said that companies are producing the most productive machines....

How productive is a machine waiting for service?????

Being productive is fine , but you bring up a good point for sure. You see many new combine sitting a day or two waiting for a service tech with a computer.
But also canola below $10 does not even justify the header on those new beasts , let alone all the other shitty grain prices

[bucket]

Claas has made some major inroads into Western Canada.....You don't see many lexions at JD dealers and if you do they are not there long....

Now go look at the Lexions lots ...full of others....

Mentioned that to a deere dealer....he said ..."Yeah we don't know what they are going to do with all those deere combines"....uh uh...you sort of missed the point....every Deere combine a Lexion dealer represents a lost sale....

Deere will be buying the Lexions eventually once they realize the market share they are losing....might be tough to get them back though...lower fuel consumption and the shops say maintenance wise they are like the Maytag repairman of old.....

[helmsdale]

Maybe they wanted you to lease a new one instead????????

They try talking me into buying a newer one every year...

She's got AM/FM/CD, air ride seat, good A/C, autosteer, mostly new internals, trashes a nice clean sample, and gets over the STO acreage we run... I aint paying 6 figures for yield and moisture, and a machine that is still going to need wrenching.

Im bad for business as far as machinery sales are concerned. When equipment comes into this yard, it's like signing a marriage contract. Till death do us part.

[Taiga]

Did you guys read the actual Q2 report, the sales are way down but the actual profit is barely down from 2018 and they bragged how they made it up on on high profit Parts and Service work. Also profit per sale increased.
Not sticking up for them, I have never bought anything from them, was just curious. And you are right, the massive palace’s they feel they have to operate out of is a major turn off.

[ajl]

Profit was down from 6.6M to 750000 so that is a significant fall but I am sure that parts margin was up. They took a huge hit to revenue and still managed a profit. Gotta love the ag parts business.

[Misterjade9]

Kinda of the same but different, two days ago Nutrien shares were up 8.2% on increased Q2 revenue even though the spring plant in the US was difficult with not all acres being sowed. So you know were the increased revenue came from, all of us. well not me I don't deal with Nutrien.

[Taiga]

Profit was down from 6.6M to 750000 so that is a significant fall but I am sure that parts margin was up. They took a huge hit to revenue and still managed a profit. Gotta love the ag parts business.

Fair enough, I was referring to Gross Profit being only $9M less despite $109M less in sales revenue.

[grassfarmer]

It’s all about money and we have none right now and for quite a few years to come.

You live it up pretty good for someone with no money.

[Radical]

Dealership don’t screw me. I buy used and get all my parts from across the line and we have some good mechanics around here. Lots good machines on different sites.

[jazz]

I would say the equipment fire sale is just starting. Next year should be an event if crop prices stay where they are.