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Articles Tagged with ''2021''

2021: Best Year in History for Brazil Ag Machinery Sector

February 15, 2022

The Brazilian Assn. of the Industry of Machines and Equipment (Abimaq) announced there was an overall increase of 43% in sales of agricultural machinery and equipment in the country in 2021.

World’s Largest Monthly Ag Machinery Auction Hits Record Revenues

February 15, 2022

Covid-enforced online sales of used farm tractors and other agricultural equipment helped UK auctioneer Cheffins rack-up record revenues from machinery sales in 2021.

AGCO Makes Big Precision Push in 2021

February 15, 2022 | Posted in Earnings Reports

While AGCO reported on Feb. 8, 2022, that net sales for 2021 were up nearly 22% to $11.1 billion, the manufacturer’s precision ag sales surpassed $0.5 billion — up 34% compared to 2020.

CNH Industrial Finished 2021 with Net Ag Sales Up 35%

February 15, 2022 | Posted in Earnings Reports

On Feb. 8, CNH Industrial reported its fourth quarter and full year 2021 results, the last year of operations prior to the demerger of Iveco Group effective Jan. 1.

Trimble Reports $3.7 Billion in FY21 Revenue

February 10, 2022 | Posted in Earnings Reports

The company reported FY21 GAAP revenue of $3,659.1 million, and non-GAAP revenue of $3,659.4 million, both up 16% year-over-year.

Art's Way Reports $25 Million in 2021 Net Sales

February 8, 2022 | Posted in Earnings Reports

Consolidated net sales totaled $24,965,000 for the 2021 fiscal year, which represents a 11.4% increase from consolidated net sales of $22,409,000 for the 2020 fiscal year.

2021 U.S. Net Farm Income Forecast Up 20% to $123 Billion

February 4, 2022 | Posted in Data & Trends

U.S. net farm income is forecast to increase by $20.7 billion, or 20.1%, to $123.4 billion in 2021, according to a Feb. 4, 2022, report from USDA.

Brazil Expects to Close Year with 40% Sales Increase

December 15, 2021 | Posted in Ag Equipment Worldwide

Data from the Brazilian Assn. of Industries of Machine and Equipment (Abimaq) estimates the country would end the year with a 40% hike in sales of agricultural machinery when compared to the previous year.

Dealers’ Projections of New 2022 Seeding Equipment Orders Delivered Too Late for Spring Use

December 15, 2021 | Posted in Data & Trends

A Nov. 17 year-end survey showed more than 70% of equipment dealers expect at least some pre-ordered planters won’t arrive in time for spring use.

German Ag Tech Sales To Exceed 10 Billion Euros in 2021

December 9, 2021 | Posted in Ag Equipment Worldwide

The VDMA industry association expects sales from German production to increase by 14% in the current year. "This means that we will break through the 10-billion-euro mark for the first time at the domestic production site," says association Managing Director Dr. Bernd Scherer.

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Dealers Expect Parts & Service Growth in 2025, Declines in Equipment Sales

In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.

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