The Australian government’s willingness to financially support agriculture (and other industries requiring heavy equipment) played a large part in the country seeing exceptional sales of tractors and other machinery in 2021 despite ongoing supply challenges.
In 2020, when the Covid-19 pandemic first struck, the government introduced its Instant Asset Write-Off scheme enabling businesses to set off against tax up to A$150,000 (US$107,000) of expenditure on replacing equipment.
That was well received by farmers, as evident…
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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.
