NAEDA Newsletter
Sunday, December 21, 2014 Helping Dealers Succeed!
NAEDA releases 2014 Dealership Compensation & Benefits Report
 The North American Equipment Dealers Association has conducted and compiled the most comprehensive Compensation & Benefits Report to date.  The complete 60-page report has been distributed to the nearly 500 Agricultural, Industrial and Outdoor Power Equipment dealers who participated in the survey and provided their dealership data.  For their efforts each has received a complimentary copy of the 2014 Dealership Compensation Report.
Industry & Manufacturing News
Todd Stucke of Kubota Elected to Ag Sector Board of the Association of Equipment Manufacturers

TORRANCE, Calif. – December 15, 2014 – Todd Stucke, vice president, ag & turf equipment, Kubota Tractor Corporation, has been elected as a director of the AG Sector Board of the Association of Equipment Manufacturers (AEM), the North American-based international trade group for the off-road equipment manufacturing industry (agriculture, construction, forestry, mining and utility sectors).

AGCO announces new $500 Million share repurchase program

DULUTH, Ga.--(BUSINESS WIRE)--Dec. 15, 2014-- AGCOYour Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, today announced that its Board of Directors has authorized a share repurchase program of up to $500 million of the Company’s common stock. The latest authorization is in addition to any previously authorized share repurchases and is effective through December 31, 2016. Share repurchases may be made by the Company from time to time in open market transactions at prevailing market prices or in privately negotiated transactions.  Read More...

Robert Crain to Assume Responsibility for AGCO South America as of Jan. 1, 2015

DULUTH, Ga.--(BUSINESS WIRE)--Dec. 12, 2014-- AGCO (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, announces that Robert Crain, Senior Vice President and General Manager, North America, will take over responsibility for AGCO’s South America region from André Carioba, Senior Vice President and General Manager, South America, effective January 1, 2015.  Read More...

Used Equipment gets a second, certified life

DULUTH, Ga. (Dec. 10, 2014) — AGCO Corporation (NYSE:AGCO), the first manufacturer to stand behind equipment with a Certified Pre-Owned (CPO) program, is expanding the offering for more comprehensive coverage throughout North America. After piloting the CPO program with 16 dealers for more than a year, the company will unveil the full program in early 2015.  Read More...

Grasshopper named “2014 Company of the Year” by manufacturing professional society

WICHITA, Kan. – The Grasshopper Company was chosen as “2014 Company of the Year” by the Society of Manufacturing Engineers (SME), Chapter 52 and received recognition from the organization at a Dec. 9 ceremony in Wichita.  Read More...

Legislative & Regulatory News
NLRB Issues Final Union Elections Ambush Rule

On Friday, December 12, the National Labor Relations Board (NLRB) issued a final rule (the “ambush elections” rule) that will dramatically change union representation elections in the workplace. The rule will shorten the election process to as few as 15 days from the current median time of 38 days and deprive employers of due process. It will effectively restrict communication between employers and employees prior to a union election, leaving employees without access to important information before they vote.  Read More...

McConnell: Keystone will be GOP Senate's first move

The new Republican Senate will take up the proposed Keystone XL oil pipeline as its first order of business, incoming Majority Leader Mitch McConnell said Tuesday.  Read More...

IRS release Standard Mileage Rates for 2015

The Internal Revenue Service issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup or panel truck will be 57.5 cents per mile for business miles driven (up from 56 cents in 2014), 23 cents per mile driven for medical or moving purposes (down half a cent from 2014), and 14 cents per mile driven in service of charitable organizations (unchanged).  

FDA Releases New FSMA Resources

The FDA Food Safety Modernization Act (FSMA), the most sweeping reform of our food safety laws in more than 70 years, was signed into law by President Obama on January 4, 2011. It aims to ensure the U.S. food supply is safe by shifting the focus from responding to contamination to preventing it.  Read More...

NAEDA Update Official Sponsor
Canadian News

NAEDA, Association & Program Partner News
The Future is Mobile Payment
Secure mobile payment solution turns smartphones into terminals

Elavon’s VirtualMerchant Mobile is a secure, complete payment solution that transforms mobile devices into terminals, allowing merchants to accept payments quickly and securely, without a major investment in new equipment or training.  Read More...

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...

Tip of the Month


Tip of the Month:  Want to Attract Millennials? Be Flexible.


An organization’s ability and conviction to creating a flexible work environment will be a key factor to attracting and engaging millennial talent. Technology has changed the landscape of the traditional 9-to-5 office career; with the ability to work from anywhere at any time, millennials expect such freedom. With that said, flexible work environments can benefit both employee and employer. Ways that some companies offer flexibility include:

  • Telecommuting
  • Job sharing
  • Remote working arrangements
  • Flexible working hours,
  • Seasonable months off to accommodate work-life balance needs

Do you want more information on how to attract millennials to your workplace and instill flexibility? Contact


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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

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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