In today’s newscast we dig into the Dept. of Justice’s antitrust lawsuit against Deere and Precision Planting, an update on U.S.-made ag equipment exports, Case IH and New Holland’s venture into autonomous tractors introduced at the Farm Progress Show and new regulations for drone operation.
While German farm equipment manufacturers saw a slight uptick in exports during the first 6 months of 2016, U.S. ag machinery makers weren’t as fortunate.
While farm equipment sales by most of the major farm equipment manufacturers in the European Union are bouncing back from recessionary lows, Italian ag equipment makers report their domestic market is yet to show signs of any significant pick up.
Ekotechnika, the holding company for Ekoniva-Technika, Russia’s largest dealer in foreign-branded farm machinery, remains confident in the potential of the Russian market, calling it “one of the major growth markets” for ag equipment despite a “less-than-optimal trading environment” in 2013, according to a Nov. 20 report from Agrimoney.com.
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.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
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.