While big tractor-mounted loaders continue to hold sway in North America for feeding livestock, stacking bales, loading manure and other handling duties, French farmers underscored their appreciation of telescopic handlers last year by purchasing more of them than ever.
Some 45 years after New Holland pioneered the twin rotor combine technology, Deere will introduce its first dual-axial rotor threshing and separating units in 2020. The announcement of the new series of Deere twin rotor X9 combines was made in November at Agritechnica in Hanover, Germany.
More ag equipment dealers believe the cold, wet weather that resulted in later than normal planting season, or prevented planting altogether, had a bigger impact on their business this year than did the ongoing trade wars. But both clearly impacted ag machinery sales in the past year in the eyes of the dealers.
CNH Industrial N.V. (NYSE: CNHI/MI: CNHI) has announced its agreement to acquire ATI Inc., a global manufacturer of rubber track systems for high horsepower tractors and combines.
According to an Oct. 14 report in the Wall Street Journal, it appears Deere & Co., as well as other major manufacturers of farm machinery are once again emphasizing equipment leasing to keep sales moving.
The latest episode of On the Record is now available! Ag Equipment Intelligence editors were on hand for CNH Industrial’s announcement of its 5-year strategic plan, which includes spinning off its “On-Highway” business. Also in this episode, we review Titan Machinery’s 2Q results, provide updates on precision farming and New Holland from the Farm Progress Show, and review one analyst’s observation on corn prices.
Net income was $91 million in the second quarter of 2019, a decrease of $11 million compared to the second quarter of 2018 primarily attributable to pricing and the one-time credit loss provision releases incurred in 2018.
A 21% increase in exports from Turkey’s biggest tractor-making enterprise last year was compensation for a 53% plunge in domestic sales as challenging market conditions discouraged farmers from investing in new power units.
Ireland has seen 54 forage harvester registrations so far in 2019, a 54% increase from the 35 registrations in 2018. Though it’s unlikely to move any higher considering the season, it shows a growing strength in Irish buying habits.
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We’ve been busy over here in the Technology Corner preparing for the 10th annual Precision Farming Dealer Summit, taking place Jan. 6-7 in downtown Louisville, Ky. Skip Klinefelter, CEO of Ag Technology Solutions Group in Greenville, Ill., will be one of several speakers sharing their unfiltered perspective on the state of precision ag.