Unit sales of tractors in the U.K. last year rose 10.1% over 2007, according to the Agricultural Engineers Assn. (AEA), making it the industry’s best year since 1996. On average, the horsepower of the tractors has also risen significantly during the same period, as has their costs.
The AEA reports that total units sales in 2008 were 17,104 tractors. Twelve years earlier, industry sales of all tractors were 18,395 units. According to Farmers Weekly…
This is subscription content for VIP Members. A VIP membership gives you all things Ag Equipment Intelligence all the time! Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
