Following the strongest 5-year period for farm machinery sales in the industry’s history, German manufacturers saw the industry shrink by a quarter in 2009. According to the Frankfurt-based VDMA Agricultural Machinery Assn., equipment sales dropped to $7.7 billion last year.
Between 2004-2008, German equipment makers saw sales grow by two-thirds to $10.2 billion driven by extraordinary sales to Central and Eastern European farmers, as well as solid demand for new machinery from European Union countries.
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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.
