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AEI Newsmakers: October 2023

October 15, 2023 | Posted in Ag Equipment Business, Ag Equipment People, Ag Equipment Worldwide
  • VDMA reported German tractor registrations down 13% year-over-year in September (up 2% year-to-date).
  • Sarah Porter and Kathryn Sorensen demystified water concerns in Arizona in their Oct. 7 Wall Street Journal article.
  • Indian tractor manufacturer VST Tillers Tractors is looking for more collaborations with manufacturers.
  • According to a recent report from Horsch’s customer magazine terraHORSCH, China accounts for 18% of the world’s population but only 9% of global arable land.
  • LS Mtron recently announced its Land Solution partnership with Korean ag equipment manufacturer Woongjin Machinery.
  • According to CEMA, an industry trade association, the general business climate index for the European ag equipment industry has again fallen month-over-month.
  • In its Oct. 12 WASDE report, USDA reported a 2023-24 U.S. corn outlook of reduced supplies.
  • CNH Industrial announced Oct. 12 it had completed its acquisition of satellite positioning technology provider Hemisphere GNSS

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AEI Newsmakers: September 2023

September 18, 2023 | Posted in Earnings Reports
  • Germany-based Jost Werke SE has signed a purchase agreement to acquire LH Lift Oy, based in Finland, that manufactures 3-point linkages and hitches
  • trucking company Yellow Corp. collapsed into bankruptcy on Aug. 6
  • In its Sept. 12 WASDE report, USDA estimated 2023-24 corn ending stocks at 2,221 billion bushels, soybeans at 220 million bushels and wheat at 615 million bushels
  • VDMA reported German tractor registrations down 4% year-over-year in August (up 3% year-to-date)
  • Kubota plans to commercialize unmanned tractors, rice planters and combine harvesters in Japan as early as 2026, according to an Aug. 26 report from Nikkei Asia
  • Lemken CEO Anthony van der Ley forecast a 6-7% decline in global ag equipment sales for 2024 in a Sept. 10 report from Agriland
  • According to CEMA, the general business climate index for the European ag equipment industry has continued to fall

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AEI Newsmakers: August 2023

August 15, 2023 | Posted in Earnings Reports
  • Global chipmakers are seeing an end to a glut of semiconductors but also forecast a slow recovery in demand.
  • Kubota Manufacturing of America Corporation (KMA) and Kubota Industrial Equipment Corporation (KIE) will merge into a single company on Jan. 1, 2024. 
  • Total employment numbers for local manufacturers, including several in the ag equipment and rural lifestyle equipment markets.
  • USDA estimated 2023-24 corn ending stocks at 2,202 billion bushels, soybeans at 245 million bushels and wheat at 615 million bushels.
  • The VDMA reported German tractor registrations down 2% year-over-year in July (up 4% year-to-date).

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VDMA Pushes U.S. TTIP Proposal; Issues 12-Point Plan to Promote Free Trade

June 1, 2015
In his introduction to the “Economic Report — 2015” on agricultural machinery issued in May by the VDMA Agricultural Machinery Assn. based in Frankfurt, Germany, Dr.-Ing. Hermann Garbers, chairman of the group, strongly urges European manufacturers to continue working toward more open free trade policies and standardization of electronic components.
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VDMA Lambasts Russia on Equipment Tariffs

September 1, 2013 | Posted in Equipment & Equipment Sales
The Russian market for combines declined by more than 20% in the first half of 2013 as a result of the duty imposition of safeguard tariff measures and restricted access to subsidized loans, according to VDMA, the agricultural machinery association based in Frankfurt, Germany.
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