John Deere tractor sales for 2WD tractors less than 40 horsepower, between 40-100 horsepower and 4WD tractors were up more than industry sales in February.
The Assn. of Equipment Manufacturers' December U.S. Ag Tractor and Combine Report shows all machine categories recorded year-to-date growth as 2018 closed out.
The outlook for 2018 farm net income varies depending on recent reports from USDA on Aug. 30 and University of Missouri’s Food and Agricultural Policy Research Institute (FAPRI) on Sept. 18. However, the USDA outlook did not include potential payments from the Market Facilitation Program (MFP) that provides farmers with compensation for losses incurred because of trade disputes, announced on Aug. 27. On the other hand, FAPRI’s farm income projections incorporates the initial round of MFP payments.
Russian dealer, Ekotechnika Group, which claims to be one of John Deere’s top three dealers in Europe, is blaming the collapse of the ruble and deteriorating financial and credit conditions in the country for its need to restructure its debt load.
The world’s largest farm equipment maker continues to maintain its leading market share in tractors in two of Europe’s largest markets, but competition is beginning to squeeze John Deere in the U.K., according to various published reports.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.