In 2017, the total wholesale volume of agricultural machinery in Brazil reached 42,800 units. This is 1.7% higher than in 2016. It is the first year of growth after 4 consecutive years of retraction, according to data from the country’s National Assn. of Automotor Vehicle Manufacturers (Anfavea).
In the latest episode we look at the U.S. Supreme Court's rejection to Deere's request to hold the New Hampshire Dealer Bill of Rights law, the increasing trend of cover crop use and conservation, Trimble’s new dealer network, U.S. exports of farm equipment and Alamo's 2015 year-end results.
While U.S. ag equipment manufacturers rank second behind Germany in exports of farm machinery, it is far less reliant on overseas sales as a percentage of total sales than its European Union counterparts.
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.
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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.