The tractor maker is in the process of increasing capacity by an additional 50,000 units spread across its Bengaluru and Bhopal plants, which produce the Massey Ferguson and Eicher brands, respectively.
Drought conditions have left arable farms with smaller yields, while dairy operations have had to purchase feed as a result of compromised grass growth. Pig farmers, meanwhile, face the growing threat of African swine fever (ASF). As a result, agricultural professionals view their prospects for business development in the coming 12 months as mixed.
Researchers from the National Scientific and Technical Research Council of Argentina (Conicet) are leading an effort to optimize microalloyed steels for use in agricultural machinery. The study is being subsidized by the province of Santa Fe.
The latest report from Brazil’s Anfavea reveals that year-over-year tractor sales in September increased by 14.5%, but sales declined on a month-to-month basis.
For the first time in 5 decades Massey Ferguson has lost the leadership in Brazilian tractor production and unit sales. According to numbers released by the Brazilian National Assn. of Automotive Vehicle Manufacturers (Anfavea) earlier this year, Massey produced over 23,000 tractors in 2010. That number dropped to 9,000 units in 2017.
In this podcast we discuss the impact the new United States-Mexico-Canada Agreement could have on the U.S. dairy market. We also discuss some of the results of Ag Equipment Intelligence's recently published 2019 Dealer Business Outlook & Trends report, including dealers' outlook for profitability in 2018 and hiring plans. Other topics covered include an uptick in credit denials for farmers and the opportunity for ethanol in China.
The company announced it has signed an agreement for the purchase of all outstanding shares of Artec. Kuhn Group has been a minority shareholder of Artec since 2008.
VDMA points to increasing prices for major agricultural commodities, particularly for grain, and rising agricultural exports fueled by depreciated national currency as creating favorable conditions in Russian agriculture. However, the Russian ag machinery market has been subjected to the pressure of lower demand, as well as economic and regulatory risks.
Gaining a unique perspective from both his time as a legislator and as the current CFO for Sukup Mfg., Steve Sukup weighs in on the current economic climate in the wake of steel tariffs imposed upon China by the United States.
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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.