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U.S., China Declare Tariff Ceasefire at G20 Summit

July 1, 2019 | Posted in Ag Equipment Business, Ag Equipment Worldwide

A tariff ceasefire has been declared between the U.S. and China, following a highly anticipated meeting between President Trump and Chinese President Xi Jinping at the G20 Summit in Japan.

Indian Tractor Manufacturers Cut Production Amid 15% Sales Drop

June 27, 2019 | Posted in Ag Equipment Worldwide

Mahindra & Mahindra recently announced up to 13 days of no-production for its farm equipment factories following a 15% drop in tractor sales over the last 3 months, with tractor manufacturer Escorts also making plans to reduce inventory over the summer.

Scherer Resets Corn Cracker Distribution Outside North America with John Deere in Germany

June 27, 2019 | Posted in Ag Equipment Worldwide

Scherer Inc., the South Dakota-based manufacturer of corn kernel processing systems for forage harvesters, has reset its exports distribution through a new alliance with Kemper, a German manufacturer of rotary corn headers and swath pick-up attachments.

CNH Feels the Pain of Turkish Market Downturn

June 25, 2019 | Posted in Ag Equipment Worldwide

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.

Lack of Credit Cited for Fall Off of Brazilian Equipment Sales

June 21, 2019 | Posted in Ag Equipment Worldwide

During a call with Ag Equipment Intelligence regarding the current market situation in Brazil, the Brazilian Assn. of Machines and Equipment (Abimaq) blamed the lack of subsidized credit for the drop off in sales of farm tractors and combines in the past 2 months. In the beginning of 2019, the association forecast a 10% increase in total machinery sales.

Argentina’s Ag Machinery Sales Recover After Drought Year

June 20, 2019 | Posted in Ag Equipment Worldwide

Following a double-digit decline in ag machinery sales in 2018, Argentina’s agriculture is showing signs of recovery. USDA is forecasting a record crop 49 million metric tons of corn, jumping from 31.7 million metric tons in 2018, and a soybean crop of 53 million metric tons.

Brazil’s Tractor & Combine Sales Fall Again

June 19, 2019 | Posted in Ag Equipment Worldwide

The June report from Brazil’s Anfavea says that farm tractor sales in May fell 9.5% year-over-year, with 2,562 units sold. At the same time, sales were up 2.6% compared to the previous month, when 2,495 units were registered.

Ireland Sees 54% Increase in Forage Harvester Registration; Claas Most Popular

June 18, 2019 | Posted in Ag Equipment Worldwide

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.

Continental Extends Production Facilities in Lousado, Portugal

June 18, 2019 | Posted in Ag Equipment Worldwide, Mergers & Acquisitions

Continental, the technology company and manufacturer of premium tires, is expanding their production facilities in Lousado, Portugal, with investments totaling around €100 million The new capacity will be used for the production of radial Earthmoving and Port tires with a diameter larger than 24 inches.

Used Tractor Market Makes Gains in UK Ahead of Brexit

June 18, 2019 | Posted in Ag Equipment Worldwide

Source: Farmers Weekly

The UK has seen an exploding used tractor market following England’s departure from the EU. Brexit’s impact on the British pound, coupled with dropping commodity prices have made a perfect environment for British farmers to purchase low-hour, high value machinery.

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Ag Equipment Worldwide
RSS

U.S., China Declare Tariff Ceasefire at G20 Summit

Indian Tractor Manufacturers Cut Production Amid 15% Sales Drop

Scherer Resets Corn Cracker Distribution Outside North America with John Deere in Germany

CNH Feels the Pain of Turkish Market Downturn

Lack of Credit Cited for Fall Off of Brazilian Equipment Sales

Argentina’s Ag Machinery Sales Recover After Drought Year

Brazil’s Tractor & Combine Sales Fall Again

Ireland Sees 54% Increase in Forage Harvester Registration; Claas Most Popular

Continental Extends Production Facilities in Lousado, Portugal

Used Tractor Market Makes Gains in UK Ahead of Brexit

Get all things Ag Equipment Intelligence all the time!

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Ag Equipment Intelligence

Claas Doubles Business in 5 Years, as Predicted

AGCO Pushes Dealer Purity, Cuts Production Amid Low Demand

Aftermarket Marks Bright Spot for Dealers in 2025 Forecast

Must Read Free Eguides

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Dealers Expect Parts & Service Growth in 2025, Declines in Equipment Sales

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