Moving Iron's Official Data Partner Is Fusable: the Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com. Move More Iron with Fusable! Get your Free Demo at info.ironsolutions.com/moving-iron-podcast. 

 

Summary 

In this episode, Casey Seymour and Alan Hoskins discuss the current state of the used equipment market and the importance of regularly reviewing asset values on balance sheets. They also explore the opportunities for farmers to take advantage of the current market conditions and update their equipment. The conversation touches on insurance coverage, extended warranties, and interest rates. Overall, the episode provides valuable insights for farmers and lenders in navigating the ag equipment market. 

 

Keywords #agbanking, #usedequipmentmarket, #assetvalues, #balancesheets, #marketconditions, #insurancecoverage, #extendedwarranties, #interestrates 

Takeaways 

Regularly review asset values on balance sheets to ensure they accurately reflect the current market conditions. 

Take advantage of the current buyer's market to update equipment and consider factors such as repair costs versus replacement costs. 

Evaluate insurance coverage levels to ensure adequate protection without excessive premiums. 

Consider extended warranties on a case-by-case basis, considering factors such as time of ownership and regional conditions. Focus on managing interest rates rather than trying to predict their movements. 

Stay informed about market trends and seek advice from industry professionals to make informed decisions. 

 

Sound Bites 

"What's going on in the world of ag banking?" 

"Bankers should not be mandating the values on the financial statement." 

"Tell me a little about your values and the reasons behind the values." 

 

Chapters 

00:00 Introduction 

00:45 The Current State of the Used Equipment Market 

01:16 Reviewing Asset Values on Balance Sheets 

08:13 Taking Advantage of Market Opportunities 

10:53 Updating Equipment and Evaluating Insurance Coverage 

16:36 Considering Extended Warranties 

21:33 The Impact of the Election on Interest Rates 

22:16 Closing Thoughts and Contact Information 

 

Click To Watch: https://youtu.be/kU4qTcJbVhI 

Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com

 

Move More Iron with Fusable! Get your Free Demo at

info.ironsolutions.com/moving-iron-podcast.

 

Presented By @AxonTire @AgDirect @IronSolutions @FusableData @EDAdata @Valleytransinc 

Music By: @TalbottBrothers 

Host: @casey9673 

#agequipmentbusinesstal #letsgomovesomeiron 

Contact Me at: 

MovingIronLLC.com 

[email protected]

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