Agrishow, one of the largest agricultural fairs held in Brazil, has generated more than R$ 11.2 billion ($2.1 billion) in sales of machinery and agricultural machinery in April 2022.
North American large ag equipment sales picked up again in February, according to the latest numbers released by the Assn. of Equipment Manufacturers. Combined U.S. and Canadian large ag unit sales were up 16.5% vs. up just 1.4% in January.
The 12 month moving average for 100+ horsepower tractors has been steadily growing for the past 12 months. Monthly retail sales exceeded our forecast by 280 units and year to date retail sales exceed our YTD forecast by 6.2%.
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.
Large ag equipment retail sales showed solid growth in September, despite the fact that comparisons continue to get tougher and inventories remain below last year, says Mircea (Mig) Dobre, senior research analyst with RW Baird.
Data released by Argentina’s National Institute of Statistics and Census (Indec) reveal that the sales revenue of agricultural machinery increased, but only in nominal terms. This means that sales were only up due to the high inflation in the country.
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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.