On December 10, Deere released its retail sales comments for the month of Nov. in which it compares its performance to that of the industry in the U.S. and Canada.
Expect to see more tractors sporting continuously variable transmissions across a wider power spectrum in the future. ZF is expanding its range of CVTs as more tractor makers reveal they are building their own.
Bridgestone is turning its European ag tire strategy on its head by using the brand to develop a range of high-end tires to complement the current Firestone range. Until now, the Bridgestone brand in Europe has been used on only a small range of compact tractor tires.
Dealers aren’t often called on to manufacture the equipment they sell, but in the Red River Valley region of North Dakota and Minnesota, Titan Machinery’s customers were in need of a 24-row, 22-inch planter.
Ekotechnika, the holding company for Ekoniva-Technika, Russia’s largest dealer in foreign-branded farm machinery, remains confident in the potential of the Russian market, calling it “one of the major growth markets” for ag equipment despite a “less-than-optimal trading environment” in 2013, according to a Nov. 20 report from Agrimoney.com.
Following a particularly difficult quarter where revenues rose only 1%, Titan Machinery, the Fargo, N.D.-based retailer of farm and construction equipment lowered its outlook for annual revenue, net income and earnings per share.
Farm Depot, a growing AGCO dealer, is opening its third location in lower Michigan. The newest store for this Massey Ferguson dealership is in Ionia, Mich. It also has locations in Caro and Schoolcraft, Mich.
Salford Farm Machinery, a global manufacturer of farm implements, has partnered with GenNx360 Capital Partners, a private equity firm focused on investing in middle market agriculture and industrial business-to-business companies.
There's little doubt that ag equipment rollover programs have played a significant role in the last decade in increasing the sales volume of large farm machinery, particularly combines.
Farm tractor makers, Kubota, Mahindra and TAFE, best known for their proficiency in producing tractors on the lower end of the horsepower range, are obviously not satisfied with their slice of the tractor and ag equipment market.
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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.