Titan International reported its third quarter net sales for the ag segment were down 17.6% to $175.4 million. The drop was primarily attributed to a significant reduction in global demand for agricultural equipment, particularly in North America and Europe.
Five years ago this week, during Agritechnica 2019 in Hanover, Germany, Claas Senior Vice President-Americas, Eric Raby, talked at length with Ag Equipment Intelligence.
In its June 2024 issue, Farm Equipment published the Farm Equipment 100™, a list of the 100 largest ag equipment dealers in North America by number of ag locations. Reproduced here are the top 25 dealers by total number of employees.
Ag Equipment Intelligence spoke earlier this week with Tim Thein (formerly a Citigroup analyst and now at Raymond James & Assoc.), who dealers know from his attendance and presentations at Farm Equipment and Precision Farming Dealer’s annual Summits.
North American large ag equipment unit retail sales rebounded in April with a 12.8% year-over-year increase compared to a 3.1% decline in March, according to the latest data from the Assn. of Equipment Manufacturers.
As the 9th largest country in the world by area and one of the smallest by population, Kazakhstan is ripe with potential for North American farm equipment manufacturers.
Kuhn Group’s parent company, Bucher Industries, reported net sales for Kuhn Group of $1.61 billion, down 5.9% year-over-year, in its 2023 earnings report released March 1.
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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.