Since eliminating export taxes on Argentinian grains in December 2015, the sales of agricultural machinery have been in a full-blown recovery mode as the industry is again investing in cutting-edge technology.
The most ambitious attempt yet by a Chinese manufacturer to enter mainstream Western tractor and machinery markets takes another step this fall when a subsidiary of Lovol Heavy Industries starts assembling tractors in Italy for sale in a number of European countries.
The successful introduction of an automated on-demand production system for steel tube components has encouraged Väderstad, the tillage equipment and seeder manufacturer, to invest in a similar system for other laser-cut metal parts.
Seeder and tillage equipment manufacturer Väderstad has reached an agreement to distribute its products in Russia and Ukraine through John Deere dealerships.
The Challenger brand is to be dropped by AGCO for agricultural equipment sales in Europe and the Middle East, where the position of Fendt as the corporation’s flagship marque will be strengthened with the adoption of sprayers and tracked tractors formerly sold under the Challenger name.
Reporting on the results of its second quarter Ag Credit Survey, economists from the Federal Reserve Bank of Kansas City suggest that, while still soft, the farm economy in the Fed’s Tenth District, is showing signs of stabilization.
The speculation about who would be in line to acquire Precision Planting Inc. is over. Following Monsanto’s decision not to contest the U.S. Justice department’s court action to prevent the sale of Precision Planting Inc. to Deere & Co., equipment rival AGCO has stepped in as an alternative suitor. (See Ag Equipment Intelligence, May 2017.)
Kibble Equipment, a multi-store John Deere dealership with stores in Minnesota, Iowa and South Dakota, has acquired Ag. Power Enterprises, effective July 10.
JLG telehandler production is to be rationalized with the closure of assembly lines in the U.S., at a plant in Belgium, and an engineering center in England — moves that could affect up to 525 employees.
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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.