According to the Aug. 2 update to the Ag Economy Barometer from Purdue University, 44% of farmers said increases in prices for farm machinery and new construction was their primary reason to consider it a bad time to make large investments in their farm operations.
The general business climate index for the agricultural machinery industry in Europe has risen slightly for the first time since its sharp decline in the course of the Russian war against Ukraine, according to the July update to the CEMA Business Climate Index.
In June, the combined sales of tractors, harvesters and sprayers reached 774 units in Argentina or 11% more than the same month of 2021, according to the Argentinean Assn. of Automotive Dealerships (ACARA).
Large ag equipment sales rose 10.4% year-over-year in June, the largest increase since February, according to the latest data from the Assn. of Equipment Manufacturers.
North American ag equipment sales in the first half of 2022 were down year-over-year in most categories, according to data from the Assn. of Equipment Manufacturers.
According to Avant Marketing Group’s 2022 Power Brand Study, 60% of surveyed farmers owned a John Deere combine, followed by Case IH at 28.2% and Gleaner at 4%.
Renewable diesel fuel is chemically the same as petroleum diesel, meets ASTM specifications and can be produced from cellulosic biomass materials such as crop residues, wood/sawdust and switchgrass and can be blended or used in its pure form.
This Producer Price Index (PPI) for ag equipment and parts illustrates the average change over time in selling prices received by domestic producers of goods and services.
Based on the results of the new 2022 Ag Equipment Intelligence Big Dealer Report, Kubota continues to see an increase in its number of big dealers and more dealers with Kubota as their sole major-line.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.