Slow economic growth throughout the European Union is having an impact on farm equipment sales. Several of the EU’s largest markets for ag machinery are reporting a dropoff in sales through the first half of 2013.
Deere & Co. announced on September 3 that it would review strategic options for its irrigation operations known as John Deere Water. In other words, Deere is looking to get out of the drip irrigation business.
Harvesting machinery specialist Claas is planning a significant expansion of its business in China by securing a majority takeover of an agricultural machinery manufacturer in the country, subject to obtaining approval from the national authorities, among others.
In the face of declining grain prices, uncertainty about depreciation rules, skepticism about a new farm bill, and a lot of talk about farm equipment sales peaking, North American farm equipment dealers continue to see good potential for solid sales in 2014.
The number of new irrigation systems popping up on land that previously was not irrigated suggests use of the equipment is on the rise, but analysts question whether or not irrigation equipment sales have reached their peak.
Commissioning a new paint system to improve finish quality and durability at a cost equivalent to $10.5 million is the latest phase of a 6-year investment program in Claas hay baler production.
New and improved products and Zetor’s particular brand of “upmarket economy” specifications are helping the Czech manufacturer post some upbeat results.
Rocky Mountain Dealerships’ posted revenue gains of 5.5% in the second quarter as the dealership group made a concerted effort to reduce its equipment inventories.
If 2013 farm production costs rise at the rates seen last year, U.S. farmers will need to take on more debt, which could curb spending on farm equipment in 2014.
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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.