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8-7-2018 BiWeekly eNewsletter of the Iowa-Nebraska Equipment Dealers Association
Equipment News
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INED & Iowa Legislative Committee Annual Meeting

Join us for the INED & Iowa Legislative Committee joint annual meeting and luncheon this Thursday (August 9) at Goodwill Industries in Johnston, Iowa. Review the 2018 federal and state legislative processes and discover what impact they will have on the equipment industry. Participate in a discussion about the status of Right to Repair legislation and the industry response. And take a look at the upcoming 2019 Iowa legislative session. [Register]

 

Heavy Highway Vehicle Use Tax Return Now in Effect

Dealers using heavy highway vehicles are reminded that the period to file Form 2290, Heavy Highway Vehicle Use Tax Return, began July 1st. Returns must be filed and payments made by August 31st for vehicles on the road during July. The return applies to motor vehicles with a taxable gross weight of 55,000 pounds or more, which generally includes large trucks, truck tractors and buses. The IRS expects to receive almost 800,000 returns and encourages all to file electronically since e-filers receive their IRS-stamped Schedule 1 minute after filing. Note: Taxpayers with 25 or more taxed vehicles must electronically file Form 2290.

 

The Dealer Impact of the Supreme Court’s Wayfair Decision – HBK CPAs & Consultants

The Wayfair case is likely the most significant state tax decision issued in over 50 years and changes the rule for collecting and remitting sales tax to a state from that of requiring a dealer to have a physical presence in that state to one of simply doing business with customers from that state. [More]

 

New Chairperson for CNH Industrial – Construction Equipment

Fiat Chrysler announced the passing of longtime CEO Sergio Marchionne, 66, who had recently stepped down due to complications from surgery. The Board of Directors of CNH Industrial NV has appointed Suzanne Heywood as chair. [More]

 

Jacto to Change Distribution of Equipment – Farm Equipment

The new strategy makes Jacto products, along with sales and technical support personnel, readily available to many new dealers in underserved territories, and allows more competitive overall pricing and costs for both the dealer and for the end user. [More]

 

Vermeer after the Tornado – Equipment World

Vermeer has made “great progress” in resuming customer support operations after the Pella, Iowa, firm suffered major damage in a July 19th tornado. The parts center opened the next day and they expect full production recovery in 30 days. [More]

 

Deere to Acquire Argentinian Sprayer & Planter Manufacturer – Farm Equipment

Deere & Co. has signed a definitive agreement to acquire PLA, a privately-held manufacturer of sprayers, planters, and specialty products for agriculture. [More]

 

AgriVision Equipment Lends Support to Ag Learning Center – Farm Equipment

AgriVision Equipment Group has added its support to Northwest Missouri State University’s School of Agricultural Sciences and a planned Agricultural Learning Center at the University’s R.T. Wright Farm, pledging $100,000 toward the project. [More]

 

Tractor Prices on the Rise, Industry Faces Double Whammy with Tariffs – AgPro

The tariffs—which went into effect in early June—equate to 25 percent on steel imports and 10 percent on aluminum. [More]

 

$12 Billion Earmarked for Agriculture to Offset Trade War – Successful Farming

The administration announced it would spend up to $12 billion, with the largest share going to row crop and livestock producers, to offset the impact of the tit-for-tat tariff war facing U.S. exports. [More]

 

A Third of Iowa Farmland Owners Over 75 – Iowa Farmer Today

An Iowa State University study shows that the age of Iowa’s farmland owners continues to rise, with a record high 35 percent aged 75 years or older in 2017. [More]

 

Smart Agriculture Market worth $13.5 B by 2023 – OEM Off-Highway

MarketsandMarkets' new report estimates the smart agriculture market to be worth $7.53 billion in 2018, and is projected to achieve a CAGR of 12.39% through 2023. [More]

 

U.S. Farmland Values Hit a Record – AgUpdate

While crop groups have sounded the alarm over U.S. trade wars, here’s one measure that shows part of the agricultural economy is still vibrant: U.S. farmland values just rose to a record. [More]

 
 
 
 

 

 

 

 

 

 

 

 

  

 

 

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