Bradesco Seguros, one of the most prominent insurance companies in Brazil, backed by its second largest private bank, announced in December that 2022 will be the year that it will prioritize policy sales in the agricultural machinery sector. The company ended 2021 with 68,000 items insured in the sector or roughly $35 million. In the last 3 years, sales growth was 30% per year, and Bradesco Seguros attempts to at least keep the same rate.
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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.
