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.
The results of this year’s Big Dealer Report found the continuation of a trend noted in the 2021 Big Dealer Report: Caterpillar dealers are separating from their AGCO business, particularly within the last few years.
It’s been 2 weeks since United Auto Workers (UAW) at CNH Industrial’s factories in Burlington, Iowa, and Racine, Wis., walked out as contract negotiations failed.
Ag tractor and combine unit sales in April 2022 declined for the second month in a row, owing largely to supply chain difficulties, according to the latest data from the Assn. of Equipment Manufacturers (AEM).
With the farm equipment service technician shortage – now and in the future – Ag Equipment Intelligence examined the U.S. Bureau of Labor Statistics on this job category (Farm Equipment Mechanics & Service Technician, 49-3041).
A total of 229,031 tractors were registered in Europe in 2021, up 18.3% from 193,603 in 2020, according to a March 21, 2022, report from the European Agricultural Machinery Assn. (CEMA).
The Farm Machinery Manufacturing Producer Price Index was up 13.6% year-over-year in February (+200 bps sequentially), the strongest growth in Baird’s historical tracker (dating back to 2005).
Based on preliminary results of Ag Equipment Intelligence’s 2022 Big Dealer Report, dealer consolidation is continuing to pick up. While the total number of big dealers dropped to 195 from 197 last year, the total number of stores owned by big dealers increased from 2,358 in 2021 to 2,471 this year, an increase of about 4%.
The general business climate index for the agricultural machinery industry in Europe has continued to fall after its sharpest drop since the crash in the wake of COVID-19, but is still holding at a positive level.
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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.