Generally, North American farm equipment dealers remain positive about their prospects for improving sales in the year ahead, according to the most recent results from the monthly Ag Equipment Intelligence Dealer Sentiments & Business Conditions Update survey.
Tractors and Farmer Equipment, TAFE, one of India’s largest tractor makers has acquired Serbian tractor maker IMT (Industrija Masina i Traktora). IMT manufactures equipment between 35-220 horsepower and the brand is well established in Eastern Europe, Northern Africa and the Balkans.
The long running farm equipment exhibition, ExpoDireto, was held March 6-9 in the state of Rio Grande do Sul. The event typically runs during one of the key times for agricultural producers in southern Brazil to seek special credit lines to purchase farm machinery, particularly harvesters, seeders, sprayers and irrigation pivots.
Sonalika International Tractors Limited (ITL), one of India’s leading tractor manufacturers, recorded an increase of 22% in tractors sales to 100,000 units in fiscal year 2018. This compares to 81,531 units registered in the previous year, which was an increase of 19.6%.
The Mahindra & Mahindra owned tractor company, Swaraj Tractors is rolling out its new tractors models in the 60-75 horsepower range. According to the company, it is aiming to capture a significant share of the 50,000 units sold annually in the over 50 horsepower range.
Titan Machinery, one of North America’s largest equipment dealership groups, posted its first strong earnings report since sales of farm machinery turned down in 2014. Fourth quarter revenue topped $339 million, up 7% year-over-year.
As reported in the March issue of Ag Equipment Intelligence, several manufacturers of farm machinery and components registered solidly better sales in 2017 than the previous few years and are looking for more of the same this year.
The Exel Group of France is expanding its presence in the North American spray and liquid fertilizer applicator market with the introduction of the Agrifac self-propelled sprayer range built in The Netherlands.
A noteworthy 12.6% increase in 2017 sales turnover was posted by German agricultural equipment manufacturer Amazone and managers say market indicators give them confidence to predict further growth this year.
Executives at SDF Group, the manufacturer of SAME Deutz-Fahr and other tractor and combine brands in Europe, have turned to their successful distributor in New Zealand and Australia for a North American relaunch.
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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.