Tomorrow the Assn. of Equipment Manufacturers will release June farm equipment sales figures, and if the current trends hold, they should be hefty as North American sales of large ag equipment continued to skyrocket through the first 5 months of 2013.
Exports could drop slightly in the coming years as local production is to be increased through political measures in important sales markets such as Russia, China and Brazil, according to VDMA Agricultural Machinery Assn. based in Frankfurt, Germany.
It’s likely to be a very difficult year for agribusiness in Brazil, according to a report, “Road to Ruin? Brazil’s Agribusiness Logistics in 2013,” from Rabobank.
On June 12, USDA issued its monthly World Agriculture Supply and Demand Estimates. While the agency lowered it 2013-14 forecast for corn ending stocks by 3%, it remained 7% above industry consensus.
Frankfurt-based VDMA Agricultural Machinery Assn. is forecasting global production of farm equipment will increase by 6% in 2013 compared with 2012, demonstrating continuing strength in the agricultural sector.
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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.