Demand for loans for ag equipment and other capital expenditures continued to decline in the first quarter of the year, the volume of large non-real estate farm loans continued to have a significant effect on changes in farm lending, according to the Federal Reserve Bank of Kansas City.
Despite the a slowdown in China’s economy, Japanese farm equipment maker, Kubota, is betting that demand for ag machinery will remain strong well into the future.
Increased sales of vineyard and orchard tractors was one bright spot in another challenging year for Carraro Group, supplier of axles, transmissions, gears and related components to OEMs worldwide.
The revival of Poland’s best-known tractor brand — Ursus — is increasingly focused on Africa where three significant supply and support deals have been secured.
Another leading European farm equipment manufacturer is casting its eyes toward the U.S. market once it is assured of demand for its advanced fertilizer spreaders and can secure a distributor wanting a long-term partnership.
While USDA’s May 10 report offered some optimistic news on crop surpluses, especially for soybeans, it remains to be seen whether or not the uptick in crop prices will hold.
North American large ag equipment sales continue to be weak, with row-crop tractor sales declining 24.7%, 4WD tractor sales down 48.1% and combine sales dropping 25.5% year-over-year in March.
Mahindra & Mahindra, India’s leading manufacturer of farm tractors, is tapping into Western combine technology to tackle developing markets by securing an alliance with Sampo-Rosenlew of Finland.
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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.