NAEDA Newsletter
Thursday, March 05, 2015 Helping Dealers Succeed!
NAEDA NEWS ALERT
NAEDA's annual Dealer Manufacturer Relations Survey deadline is February 26

NAEDA is currently conducting its annual Dealer Manufacturer Relations Survey.  Links to the survey questionnaire were distributed to dealer-members on Monday February 9.  If you don’t recall receiving the email from North American Equipment Dealers Association, please recheck your Inbox or Junk Mail folders.  Read More...

Industry & Manufacturing News
Cooperative CHS returns $518 million to owners

ST. PAUL, Minn., Feb. 18, 2015 /PRNewswire/ -- Farmers, ranchers and cooperatives across the United States will share in an estimated $518 million cash distribution from CHS Inc. (NASDAQ: CHSCP), an energy, grains and foods company and the nation's leading agricultural co-op. The distribution is among the largest in CHS history and extends its record of significant cash returns to owners.  Read More...

Caterpillar Dealers Fabick Cat and Fabco to Merge

Caterpillar dealers Fabco Equipment, Milwaukee, Wis., and John Fabick Tractor Co., Fenton, Mo., plan to merge their companies to create one of the largest Caterpillar dealers in the United States. The expanded organization will be led by Doug Fabick (currently president and chief operating officer of Fabick Cat) as CEO and dealer principal, and his cousin Jeré Fabick (currently president and CEO of Fabco) serving as president and co-dealer principal.  Read More...

S&P 500 Ends at Record; Nasdaq at 15-Year High

The NAEDA joined the major markets in positive terrain, gaining 31.45 points, or 3.25 percent, and closing at 999.79. Advancing issues handily outweighed declining issues at a 14-to-8 count.  Read More...

Look Before You Pump!

Most gasoline now contains 10 percent ethanol (E10). But, you may see higher ethanol blended gas available for sale – such as 15, 30, 50 or 85 percent ethanol gas – at a gasoline filling station. These higher ethanol blends may even be cheaper than E10, and your consumers may be tempted to buy the higher ethanol content gasoline because of its lower cost.

But, price is no longer the way to choose gasoline safely.  You have to choose the right fuel.

To help the equipment dealer and manufacturing community with this critical issue, OPEI has launched a “Look Before You Pump” campaign to educate and protect consumers from inadvertently mis-fueling their equipment investments.

Visit LookBeforeYouPump.com

To learn more about how you can prepare your customers to select the right fuel for their small engine products, UTVs and outdoor power equipment.  

FAA proposes new rules for era of drones

Drone on, the government says.  Read More...

Legislative & Regulatory News
U.S., Canada reach key funding deal for Detroit-Windsor bridge

DETROIT -- The Obama administration and Canada have agreed on financing a key piece of a planned $2.1 billion bridge connecting Detroit and Windsor, Ontario, the two governments announced Wednesday.  Read More...

West Coast Ports Come Back to Life
Bloomberg reports that “Ports are coming back to life along the U.S. West Coast after dockworkers resolved a nine-month labor standoff, though the cargo backlog from ships waiting offshore may take eight weeks to clear. The five-year contract reached Friday after U.S. Labor Secretary Tom Perez imposed a deadline for a deal, averted a shutdown of 29 ports that would have cost the U.S. economy $2 billion a day. The strife had reduced productivity at West Coast ports by as much as half since November, with California citrus fruit bound for Asia spoiling on the docks, while carmakers flew in components at more than 10 times the cost of sending them by sea. The West Coast ports, responsible for 43.5 percent of U.S. trade, have been operating at reduced capacity since late October as dockworkers slowed cargo and employers cut shifts.”  Read More...
What if the EPA Implements RFS Mandates for Renewable Fuels at Statutory Levels?

No shortage of ink has been spilled discussing the potential problems in implementing the Renewable Fuels Standards (RFS) due to the gap between the implied mandate for renewable biofuels (ethanol) and the E10 blend wall. The EPA announced preliminary rule making for 2014 on November 15, 2013, and the proposal signaled a significant shift in EPA policy. The most controversial aspect of the proposal was the write down of the renewable mandate for 2014 from 14.4 to 13 billion gallons. The substantial "roll back" from the statutory mandates resulted in the EPA receiving over 15,000 comments and was met with the threat of legal challenges. A final rule making for 2014 had been expected shortly after the 2014 U.S. elections, but the EPA surprised virtually everyone by announcing on November 21, 2014 that the final 2014 rules would be delayed until sometime in 2015 and the 2015 and 2016 rules would likely be released at the same time.  Read More...

DHS suspends Obama's immigration action

The Department of Homeland Security (DHS) is suspending the implementation of President Obama’s new executive actions on immigration to comply with an injunction from a federal judge. 

DHS Secretary Jeh Johnson said he “strongly” disagrees with the move by U.S. District Judge Andrew Hanen to temporarily halt the new deferred deportation programs, but said the administration will abide by his order.  Read More...

Trade advocates put numbers behind support for new pacts

The Hill reports that, “Three groups on Thursday released reports bolstering their case that new global deals include higher standards than previous pacts like the oft-cited 1994 North America Free Trade Agreement, which has been blamed for U.S. job and wage losses. In the Chamber’s data, the U.S. has a trade surplus with its 20 free-trade agreement partners, including large surpluses in manufactured goods, services and agricultural products. ‘The benefits of these agreements for American workers, farmers, and companies are hidden in plain sight,’ said Myron Brilliant, executive vice president and head of international affairs at the U.S. Chamber.”  Read More...


Canadian News
Canada's GDP shrank 0.2% in November

Canada's gross domestic product contracted by 0.2 per cent in November, as the economy was dragged down by cheap oil prices and unexpected weakness in manufacturing and mining. Statistics Canada said Friday that for the 12-month period ending November as a whole, the economy expanded by 1.9 per cent - less than the 2.1 per cent that economists had been expecting.  Read More...

2015 looks good for Canadian farmers

Agriculture and Agri-Food Canada recently released their 2015 Canadian Agricultural Outlook and all signs point to another successful and profitable year for farmers across Canada.  Read More...

Feds 'very optimistic' agricultural trade war with U.S. will be averted

The Canadian government is expressing optimism that a trade war might be averted with the United States in a long-standing dispute over agricultural products. Agriculture Minister Gerry Ritz says he likes what he heard this week during a trip to Washington, and senses a willingness to adjust a U.S. regulatory policy at the heart of the dispute.  Read More...

Meat system safe despite mad cow case: Ritz

Canada’s agriculture minister issued an emphatic “no” when asked if Canadians should be worried about this country’s latest confirmed case of mad cow disease. The Canadian Food Inspection Agency said Friday that a beef cow from Alberta has tested positive for bovine spongiform encephalopathy (BSE). No meat from the animal entered Canada’s food or animal feed systems, the agency said.  Read More...

Canadian economy adds 35,400 jobs as part-time work surges

The Canadian job market rode a wave of gains in part-time work last month as it beat modest forecasts and appeared to keep the expected oil-slump fallout at bay a little longer. But the undercurrent in Friday’s Statistics Canada data, which showed 35,400 net new jobs last month, also contained disappointing signs for the economy.  Read More...

Despite oil price shock, Canadian economy has ‘room to grow': Bank of Canada

Even though Bank of Canada officials admit the plunge in oil prices has been a shock to the Canadian economy, they believe it “still has room to grow,” with a strong U.S. recovery and increased business investment eventually lifting job creation and overall output.  Read More...

Bill C-51, Harper's Anti-Terror Bill, Passes Second Reading Amid Criticism

Canada’s proposed anti-terrorism bill passed its second reading on Monday with a vote 176-87 in favour of its omnibus legislation. The Liberals voted alongside Conservatives to extend power for Canada’s national security agencies while the NDP opposed. Independent MP Brent Rathgeber also voted “no” to the controversial anti-terror legislation, saying there other threats to Canada and its values beyond Islamic militants.  Read More...

Canada retailers, ports fear impact as CN Rail lockout nears

A looming lockout at Canada's biggest railway threatens to delay imports from Asia and may compound a U.S. West Coast port logjam unless last-ditch contract talks succeed on Monday.  Read More...


NAEDA, Association & Program Partner News
Federated Insurance’s “HR Question of the Month”

Question: We have an exempt employee that separated in the middle of a workweek. We prorated his salary that week to reflect only the days he worked. He is coming back now stating that he had worked 40 hours that week before he left. Does that have any bearing on the pay, or are we ok with leaving it as is?  Read More...

NAEDA co-sponsors Federated Designated Risk Management Seminar
  NAEDA and Federated will again host a 2 ½ day Designated Risk Management Seminar on July 13-15 at Federated HQs in Owatonna, MN.  Companies most successful at controlling losses have designated a key person as their risk manager. This person is supported by top management and is both responsible and accountable for identifying loss exposures and implementing risk management solutions.  This popular seminar is developed to target specific risk management concerns for the equipment industry. It is a valuable training tool for all risk managers, regardless of their experience in the position.  See attached Flyer.
 
Consider a contribution to NAEDA's Equipment Dealers Foundation

NAEDA’s Equipment Dealers Foundation (EDF) was created to provide grants to meet the industry’s need for training resources, career advancements and scholarships.  Through the years, the EDF has expanded its efforts to help dealership employees affected by natural disasters.  Moving forward, your support is needed for research, grants and scholarships to continue to enhance our industry.  Read More...

KPA Tip

Tip of the Month: Why are Personnel Files Important?

With all of the details that go into keeping compliant personnel files, it's easy to forget why they're necessary. Don’t forget that personnel files are usually the first thing reviewed in litigation and that incomplete, sloppy, or incorrect records can destroy an employer's defense to common employment law claims.

To learn about what you should be including in your personnel files, watch the KPA webinar on The Legal Risk of Poorly Managed Personnel Files.

KPA On Demand Webinar Recordings

Free KPA Webinars

Equipment Dealer To Undergo Transformation
New magazine will debut this spring.

As a part of our ongoing effort to improve the value proposition for dealer members, the NAEDA Board of Directors recently decided to put Equipment Dealer magazine on a two- to three month hiatus while we work to expand the content and enhance the delivery of the publication.  The “new and improved” magazine is a significant part of the associations’ ongoing communications initiative, which addresses our entire messaging platform – magazine, e-newsletter, web site, email and other key components.  Read More...


North American Equipment
Dealers Association

1195 Smizer Mill Road
Fenton, MO  63026-3480
Phone: 636/349-5000 
Fax:  636/349-5443
www.naeda.com
E-mail:  naeda@naeda.com

NAEDA Update is provided as a service to members of the North American Equipment Dealers Association. This information may not be reprinted without permission from NAEDA.

The North American Equipment Dealers Association provides educational, legal, legislative, and financial services to approximately 5,000 retail agricultural, construction, large property/rural lifestyle, and outdoor power equipment dealers in the United States and Canada.

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© 2014 The North American Equipment Dealers Association.
1195 Smizer Mill Road, Fenton, MO 63026-3480 | Phone: 636-349-5000
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