The Australian government’s willingness to financially support agriculture (and other industries requiring heavy equipment) played a large part in the country seeing exceptional sales of tractors and other machinery in 2021 despite ongoing supply challenges.
Agricultural tractor sales in the UK last year regained much of the ground lost during 2020 — the first year of the Covid-19 pandemic — with registrations of tractors of more than 50 horsepower returning to about the same level as in the previous 3 years at just over 12,000 units.
Ag equipment sales growth accelerated sequentially in December, and inventories began to recover in 2WD categories but remain near trough levels for 4WD tractors and combines, according to analysis from RW Baird Senior Research Analyst Mircea (Mig) Dobre.
Forest River Farms in Forest River, N.D., has filed an antitrust lawsuit against Deere & Co. over what the case claims to be a “monopolization of the repair service market for John Deere (“Deere”) brand agricultural equipment with onboard central computers known as engine control units, or ‘ECUs.’”
The total sales of agricultural machinery in Argentina grew by 82% to a value of AR$ 49 billion ($481.8 million) in the quarterly annual comparison, according to data released by the country’s National Institute of Statistics and Census (Indec).
Growth in both ag tractors and combines continues in the U.S., while a slowdown in combines in Canada brings overall unit sales slightly below 2020 north of the border, according to the latest data from the Assn. of Equipment Manufacturers.
Large ag equipment retail sales showed solid growth in September, despite the fact that comparisons continue to get tougher and inventories remain below last year, says Mircea (Mig) Dobre, senior research analyst with RW Baird.
Data released by Argentina’s National Institute of Statistics and Census (Indec) reveal that the sales revenue of agricultural machinery increased, but only in nominal terms. This means that sales were only up due to the high inflation in the country.
Tillage farmers in France renewing tractor fleets to maintain cultivations and crop sowing performance invested in greater productivity in 2020 as sales of less powerful machines declined.
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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.