In its earnings released Oct. 11, Art’s Way Manufacturing reported farm equipment sales for the first 9 months of 2023 were $14.8 million, up 8.3% year-over-year and a 5-year high.
This year’s Farm Progress show saw manufacturers show off their latest, largest tractors, including Case IH’s Steiger 715 and Class’ Xerion 12.650 and 12.590.
In its third quarter 2023 earnings released Aug. 18, John Deere reported its dealers’ 4WD inventories, as a percent of trailing 12 month sales, had reached a 5-year low.
"We think limiting how much we increase it [pricing] is probably the right thing to do at this point,” says Scott Wine, CEO of CNH Industrial, in an article in Crain's Chicago Business.
Claas introduces its latest tractor lines: the Xerion 12.650 and 12.590, the Arion 660, 650 and 630, as well as row-crop friendly options on the Axion 960 TT and 930 TT.
According to the latest data released by the Assn. of Equipment Manufacturers (AEM), large ag unit sales were up year-over-year in June, with all categories posting double-digit growth.
According to the results of the latest Strip-Till Operational Practices Benchmark Study from Strip-Till Farmer, 2023 is set to see a smaller percentage of strip-till farmers purchasing and updating their equipment compared to 2022.
Large ag equipment sales rose 17.4% year over year in May, led by combines and 4WD tractors, according to the latest data from the Assn. of Equipment Manufacturers (AEM).
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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.