So far, so good for North American tractor and combine sales during the first 6 months of 2018. The Assn. of Equipment Manufacturers (AEM) attributes improving tractor and combine sales to both replacement needs and the farmers’ expectation that the ag market will improve further down the road.
North American sales of high horsepower (100-plus HP) tractors declined in February, but part of the drop off was absorbed by higher sales of combines and 4WD tractors, according to the Assn. of Equipment Manufacturers February report on farm machinery sales.
Agricultural machinery manufacturers in Russia are expected to have seen a 25% increase in production by the end of this year as state support to domestic manufacturers helps spur demand.
Since eliminating export taxes on Argentinian grains in December 2015, the sales of agricultural machinery have been in a full-blown recovery mode as the industry is again investing in cutting-edge technology.
Nearly $640,000 (R$2 billion) in sales of ag machinery was recorded during a Feb. 6-10 farm show in southern Brazil. The Show Rural Coopavel, held in the city of Cascaval in the state of Paraná is one of the largest agricultural fairs in Brazil where producers seek innovations and new products.
In the latest episode we discuss how the latest WASDE report offers an uptick in the ag machinery sales outlook, CEMA’s latest Business Barometer reading and what it says about the state of the industry, the Federal Aviation Administration’s new ruling on UAVs and finally the results of the Agri Media Council’s 2016 Media Channel Study.
In a special report produced for investors, Ben Cherniavsky, analyst for Raymond James, takes a “deep dive” into the current structure of Canada’s equipment dealer networks and concludes that the distribution channels for farm and construction machinery needs to be streamlined.
Titan Machinery followed through on its April 10 announcement that it would close and/or consolidate 8 of its stores and reduce its overall headcount to improve the performance of its construction equipment operations and counteract the slowdown in ag machinery sales.
While it posted strong revenues in the first quarter of its 2014 fiscal year, Deere & Co. continues to anticipate a slowing in ag machinery sales for the remainder of the year.
In addition to concerns about falling grain prices, several other factors could affect farm equipment sales in 2014 and possibly beyond, according to a recent note from analysts at RW Baird.
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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.