Poor financing conditions continue throughout South America continues to challenge farmers and equipment makers alike. Despite investment help from the government, it’s not expected that farm equipment sales will see any meaningful improvement through 2009. The Brazilian ag equipment market weakened further in June.
According to sales data from Associação Nacional dos Fabricantes de Ve’culos Automotores (ANFAVEA) in Brazil, June unit sales of tractors were 3,534 units, down 16% year-over-year. This followed a weak May…
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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.
