Investments in agricultural machinery continue to grow in Argentina, even with low commodity prices. Data from Argentina’s National Institute of Census and Statistics (INDEC), tractor unit sales grew 37% in the third quarter, while sales of combines jumped 33% year-over-year. The unit sales of seeders and ag implements grew by 11% and 5%, respectively.
Tractors represented the largest revenue for manufacturers in Argentina with 45.1% of total sales, or…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
