Growth rates remained solid in June, though growth moderated sequentially on much tougher comps for large ag, said Analyst with RW Baird Mircea “Mig” Dobre in a recent note.
According to analysis from Yaroslav Navrotsky, Ph.D. at the Ukrainian Department of Investment and Logistics of the National Research Center Institute of Agrarian Economics, tractor production in Ukraine has decreased noticeably over the last 4 years.
A total of 154,522 tractors were registered in the EU in 2020, down 2.6% from 158,607 in 2019, according to the Axema 2021 Economic Report. 2020’s tractor registrations also represented a 1.8% increase from the 151,880 tractors registered in the EU in 2018.
Results of the 8th annual Strip-Till Operational Practices Benchmark study suggest 2020 was a “return to normal” for many strip-tillers whose fall berm-building plans had been disrupted by wet, soggy weather in 2019.
For the second month in a row, the Ag Economy Barometer declined sharply, falling to a reading of 137, which was 21 points below a month earlier, and the weakest ag producer sentiment reading since July 2020.
According to a recent report from the Federal Reserve Bank of Kansas City, agricultural debt at commercial banks continued to decline in the first quarter of 2021 and farm loan performance improved.
The general Business Climate Index for the Agricultural Machinery Industry in Europe may have reached its peak at the record level of +72 points (same as last month) on a scale of –100 to +100.
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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.