The decline in large ag equipment sales accelerated in October — a seasonally important month — despite easier comparisons, with 4WD tractors sales falling 40.1% year-over-year, combine sales down 40.3% and row-crop tractors down 17%, according to the latest numbers released by the Assn. of Equipment Manufacturers.
While the market for compact and mid-range tractors in the U.S. continues at a brisk pace and big, production level equipment has nose-dived, the opposite is true in the Russian market.
In a presentation announcing it would acquire Westeel, a manufacturer of grain storage solutions, Ag Growth International said its vision is “To be the global leader in grain handling, storage and conditioning solutions.”
As the U.S. and Canada record healthy increases in sales for implement maker Pöttinger, the Austrian manufacturer of tillage equipment and hay tools plans to enter the very competitive baler market with its own designs for the first time.
Short-term financing for ongoing production needs appears to be further restraining medium-term borrowing for capital investments, like equipment and grain storage, according to the third-quarter edition of the Agricultural Finance Databook from the Federal Reserve Bank of Kansas City.
Deere & Co. released its retail sales comment for September yesterday (October 13). Overall, the company out performed the industry in sales of the major equipment categories
Hutson, an authorized John Deere Dealer, is expanding the Hutson family of stores into Indiana with the acquisition of (former) Wright Stemle locations in Jasper, Poseyville, Evansville, Washington, and (former) Wright Implement location in Newberry.
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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.