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The NAEDA Equipment Dealer Stock Index gained 29.68 points, or 3.03 percent in our trading session that closed April 15, 2015. Advancing issues easily bypassed declining issues by a 14-to-8 count.
Senate Finance Committee Chairman Orrin Hatch (R-UT) has appointed Working Groups to consider various elements of tax reform, and report back to the full Committee in May with policy recommendations. The Working Group on Business Tax Reform is co-chaired by Senators John Thune (R-SD) and Ben Cardin (D-MD). The LIFO Coalition, of which NAEDA is a member, briefed the staff of that Working Group on LIFO on March 13th, and provided them with a detailed Fact Sheet on LIFO. We also submitted a separate comment letter to the Working Group, responding to the broad principles for tax reform set out by Chairman Hatch. You can read the Coalition’s comment letter and attached fact sheet here: http://www.naw.org/files/LIFO-Letter.pdf
Transportation funding is running on empty, forcing Congress to scramble to meet its next major deadline before the tank runs dry on May 31.
A strong dollar and the prospect of an increase in historically low interest rates by the Federal Reserve sent Wall Street and the NAEDA Stock Index into a tumble as our trading session ended March 13, 2015. Our index slipped 19.82 points, or 1.98 percent, and closed at 979.97. Declining issues overpowered advancing issues by a 2-to-1 margin.
USDA recently released data showing the opportunities for agriculture of the Trans Pacific Partnership (TPP) to help boost agricultural exports across the 50 United States. TPP is a 21st century trade agreement that will promote job growth, increase farm income, generate greater rural economic activity, and help expand U.S. agricultural exports to some of the fastest growing countries in the Asia-Pacific region. USDA released its TPP data today after President Obama announced a set of new executive actions to help grow manufacturing in rural areas and to provide new markets to small businesses across our nation's heartland.
The Tax Increase Prevention Act of 2014 (TIPA), signed by the President on December 19, 2014, retroactively extends through 2014 certain business tax benefits that had expired at the end of 2013. This article describes two of the key provisions that affect equipment dealers and their customers.
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.
EPA is announcing that the Agency will not be finalizing 2014 applicable percentage standards under the Renewable Fuel Standard (RFS) program before the end of 2014.
Business groups are bracing for an onslaught of regulations, with the Obama administration bent on completing a host of the presidents unfinished policy goals and the midterm elections now in the rearview mirror.
In the Oct. 13 issue of AEM’s Advisor News, Charlie O’Brien, AEM senior vice president and ag sector lead, discussed “10 reasons not to panic about the current drop in farm equipment sales.” While I do agree with many of his observations and reasons, I feel a need to respond from the dealer’s point of view.
Free Webinar to Watch on How to Achieve Greater Success in Hiring National Guard Members and Other Veterans