Daily 515 - Impeccable timing

Farm Tender Daily - All the news for Tuesday, the 12th of November, 2024.

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By Dwain Duxson - An Ag Enthusiast

Impeccable timing - There's an interesting article floating around about what's happened post-deal with Titan buying out of O'Connors, the Case IH Machinery Dealer. The price was apparently US$100 million (Note how all the figures are in US dollars) which was on the back of revenue of US$270 million which is now back to US$230 million across 16 Dealerships.

The US$100 million price tag was on the back of projected sales of US$258 million and an actual annual before-tax profit of US21.4 million. Since Titan has taken over, the quarterly profit or loss has been a loss of US$0.5 million and a small profit of US$1.4 million.

Titan is said to be somewhat blindsided by what's happened, but when you look at it closely, the O'Connor guys picked the perfect time to exit, and the Titan crew, in contrast, picked the worst time to enter.

Where to from here for Titan? They are big enough and ugly enough to ride it out with their 140 dealerships worldwide. Surely, they would know that in Ag, things can turn quickly (both ways), which is what has happened here. It just goes to show that some things in business are all about timing, and this deal is a great example of that. It will be an interesting watch this one, considering many in the Machinery world think that Case and New Holland brands will become one. Read the full article here. What do you read into the deal? Reply to [email protected]

Is this the best prize ever? - We are running a promotion for Active Farmers who have a John Deere 6140M Tractor and a 643R Front End Loader up for raffle. What an amazing prize. The raffle closes on the 22nd of November. Make sure you grab a ticket or two. Buy your tickets here.

The Farmers Club headlines - Our 3 topics tomorrow are:
1) Is the fake meat era over?….
2) Can the modern Machinery last the hours?…..
3) Sell and regret, but sell. What a great statement…..
The Farmers Club - For Ag Enthusiasts Sign up here for free.

Current Fertiliser Market Indicative prices - (all prices are Ex GST). Please note that these prices are current market prices, we may have access to products at much better rates. These prices are indicative for when you are being quoted for your fertiliser requirements. Urea - $700.00 (-$10) (All Ports) MAP - $1060.00 (Geelong, Portland, Newcastle, Brisbane, Adelaide) (NC) DAP - $1,075.00 (Geelong, Portland, Newcastle, Brisbane and Adelaide) (NC), SSP - $639.00 (Brisbane) (NC), $430.00 (Newcastle, Geelong, Portland) (NC), $450.00 (Adelaide) (NC) MoP - $660.00 (All Ports) (NC), SoP - $1,230.00 (Brisbane, Geelong & Adelaide) (NC), $1,270.00 (Newcastle) (NC), $1,240.00 (Portland) (NC), Gran-Am $440.00 (all ports) (NC). Granulock Z $1,170.00 (Brisbane, Newcastle), $1,150 (Geelong, Portland), $1,160.00 (Adelaide). Please note: All ports include the following locations: Geelong, Portland, Adelaide, Brisbane, and Newcastle. Ring Ellen on 0418 137 224 for any Fertiliser requirements

Today's Trends - Sales trends included Stick Rakes, Mulchers, Headers, Wheaten Hay, Pick Up Front, Spreaders, Pasture Hay and Oaten Hay.

End of message

Dwain Duxson
P - 0427 011 900
E - [email protected] 

What was listed today.

What was sold today.

Thanks for reading.