Falling demand for ag machinery in Russia and throughout much of Central and Eastern Europe during the past 2 years has left farm equipment makers worldwide watch as sales plummeted from previous record-high levels.
The world’s two largest farm equipment manufacturers are raising the ante in their efforts to establish a foothold in the enormous Russian market for ag machinery.
Hay and grain harvest specialist Claas continues to invest in the tractor business it acquired from Renault in 2003 as it seeks to gain efficiencies and grow market share.
Asia’s largest tractor maker, Kubota Corp., expects machinery sales in China to slow this year as the market is becoming saturated, President Yasuo Masumoto said, according to a May 11 Bloomberg report.
According to figures released by Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA) in Brazil, total farm tractor unit sales in Brazil were 4,054 units, up 40% year-over-year.
An upbeat chairman and CEO of the world’s biggest crop sprayer manufacturer, France’s Exel, is ready with cash in hand to buy businesses that would fit the knapsacks-to-field sprayers group.
Quicke and Trima tractor loader manufacturer Alo of Sweden has announced plans to ditch attachment production in Scandinavia and transfer manufacturing to China.
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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.