MIP #410 - Boots On The Ground With Shawn Skaggs

MIP #410 - Boots on the Ground With Shawn Skaggs Summary In this episode, Casey Seymour interviews Sean Skaggs, CEO of Parallel Ag, about companies' mergers and the marketplace's current state. They discuss the challenges and benefits of expanding equipment distribution, the impact of regional differences on operations, and the importance of economies of scale and technology. They also explore the transition in the used equipment market and the potential market shift in 2024. Additionally, they touch on the solidification of buying groups, the generational crossroads in farming, and the focus on inventory controls and culture in preparation for the future. Takeaways 1. The merger of companies can provide opportunities for growth and access to more resources. 2. Economies of scale and technology can improve efficiency and customer service. 3. The used equipment market is experiencing a transition, and inventory management is crucial. 4. Regional differences and market changes can impact buying groups and trade cycles. 5. Consolidation and transition in farming present challenges and opportunities for growth. Chapters 01:33 Introduction and Background 02:09 Merger of Companies 04:46 Formation of Parallel Ag 06:04 Expanding Equipment Distribution 07:36 Challenges of Regional Differences 08:50 Economies of Scale and Technology 09:43 Benefits of Scale and Opportunity 13:10 Transition in the Used Equipment Market 14:24 Inventory Issues and Market Shift 16:08 Market Change and Trade Cycles 17:52 Solidification of Buying Groups 19:47 Generational Crossroads in Farming 21:07 Consolidation and Transition in Farming 25:18 Focus on Inventory Controls and Culture 26:54 Closing Remarks Click To Watch: https://youtu.be/Bb7FUltEfag Presented By @AxonTire @TractorZoom @AgDirect @FarmCredit @ValleyTransInc @Anvil_AppWorks @IronSolutions Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com