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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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