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AEI Newsmakers: November 2024

November 15, 2024 | Posted in Ag Equipment Worldwide, Data & Trends
  • Germany’s Machinery and Equipment Manufacturers Assn. (VDMA) reported German tractor registrations down 7%...
  • In the UK, the Agricultural Engineers Assn. (AEA) reported 50HP+ tractor registrations down 19%...
  • Ag Express Electronics, a provider of electronic repair and manufacturing services, announced on Nov. 7 a strategic partnership...
  • Craig Harthoorn, president of the Oxbo Forage Division in Marshfield, Wis., was elected president of the Board of Directors...
  • Buhler Industries, the manufacturer of the Versatile and Farm King brands of ag equipment, reported its 3Q revenue was up 38.6%...
  • Mississippi State Univ. is partnering with John Deere through a master research agreement, establishing a framework...
  • Scott Miller announced via LinkedIn that he had rescinded his acceptance of the CEO position...

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AEI Newsmakers: May 2024

May 15, 2024 | Posted in Ag Equipment Business
  • Autonomous vehicle and data solutions supplier Cyngn announced April 23...
  • Around 200 unionized workers at Alamo Group subsidiary Gradall Industries, located in New Philadelphia, Ohio...
  • A John Deere dealer executive said the last time they heard about the Volocopter drone collaboration...
  • John Deere has laid off 34 employees at its Cylinder Works facility in Moline, Ill., according to a May 6 report...
  • 30-store John Deere dealer Greenway Equipment announced May 1 the appointment...
  • Tillage blade and cultivation equipment manufacturer Osmundson Manufacturing Co. announced...
  • German implement manufacturer Amazone announced April 23 that it will...
  • CNH Industrial plans to lay off more than 200 out of the 660 workers at its Racine, Wis., facility...
  • In its Mary 10 WASDE report update, USDA’s 2023-24 ending stocks are estimated...
    In a note to investors, J.P. Morgan analysts said, “We view today’s report as incrementally...
  • VDMA reported German tractor registrations were up 16% year-over-year in April...

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AEI Newsmakers: November 2023

November 15, 2023 | Posted in Analysis & Commentary
  • According to EquipmentWatch’s 2022 Highest Retained Value Awards, John Deere had the highest 5-year residual value in tracked tractors at 67.3% among manufacturers, above the 57.9% category average.
  • Northeast China could soon become a hotbed for international industrial investment, according to an Oct. 23 report from New China News Agency.
  • Yanmar Turkey announced Oct. 12 the inauguration of its Tractor Production Plant in Izmir, Turkey.
  • The Nigerian government said John Deere intends to open a tractor assembly plant in the country, according to an Oct. 31 report from Nairametrics.
  • In a Nov. 4 report from The Wall Street Journal on retrofit kits for autonomy, AGCO stated 7% of farmers globally replace their equipment every year, leaving 93% using older models as potential customers for upgrades.
  • According to CEMA, an industry trade association, the general business climate index for the European ag equipment industry has again fallen month-over-month.
  • Manitou Group has announced an agreement to acquire 75% of COME S.R.L, a company specializing in the production of mechanically welded parts, and 75% of Metal Work S.R.L, a company specializing in laser cutting. 

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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: Sept. 2022

September 15, 2022 | Posted in Ag Equipment Business
  • Steyr Wins Design Award with Hybrid Drivetrain
  • August Tractor Registrations Down 4% in Germany, up 1% in UK
  • USDA WASDE Report: Lower Corn & Soybean Production
  • Deere Aiming for 10% of Revenue From Software Fees by 2030
  • Biodiesel Demand Drives Soybean Crush Facility Construction

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market. 

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