On August 4, Ag Equipment Intelligence participated in a presentation alongside 4 equipment dealers to a group of dealers and farmers from Brazil that was on a weeklong benchmarking tour in the Midwest.
Brazil’s Agriculture Minister, Marcos Montes, announced during a government event in May the resources for the Crop Plan, the government program that subsidizes farm investments, during the 2022-23 season.
Even with the worsening conflict between Russia and Ukraine, some South American companies have reported to have received more orders for agricultural machinery.
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.
According to Brazil’s National Supply Company (Conab), the country is projected to increase its second corn crop surface by 7% and expects to set a new record of 86 million metric tons.
The province of Buenos Aires, the largest Argentinian province, has launched a plan to boost the production of agricultural machinery and aims to reach 95% of the inputs used to assemble the machinery made in Argentina.
The Brazilian government announced it will start free registration of agricultural machinery vehicles in October. According to Brazil’s Agriculture Ministry, the registration will be completely free, and it aims to increase safety and security.
The agricultural fair known as the kick-off for the end of the soybean harvest in the Brazilian state of Rio Grande do Sul is also recognized for featuring the latest technologies, an opportunity for farmers to test-drive the combines and sign the contracts if they like the innovations they have seen.
Expoagro, the agricultural fair held annually in March in different locations of the Buenos Aires province, Argentina, gathered more than 100,000 people and 600 companies during its 2022 show.
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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.