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AEI Newsmakers: December 2024

December 17, 2024 | Posted in Ag Equipment Worldwide, Data & Trends

CNH announced Scott Harris will assume the role of president, North America, effective Jan. 1, 2025...
USDA released its WASDE report on Dec. 10...
AGCO announced that Bob Crain, senior vice president and general manager, Grain & Protein, will retire...
Eduardo Urrestarazu has been appointed as the president of Agrisolutions’ global business...
CEAT, an RPG company and Michelin have entered into a definitive agreement for CEAT to acquire...
Ag Express Electronics appointed Mark McClellan as its new chief operating officer...
SeedMaster, the developer and manufacturer of no-till seeding technology driven by precision...
The Assn. of Equipment Manufacturers (AEM) and the European Agricultural Machinery Assn. (CEMA) have...

AGCO Pushes Dealer Purity, Cuts Production Amid Low Demand

November 15, 2024 | Posted in Data & Trends, Dealers & Dealerships

AGCO reported its third quarter results on Nov. 4, and noted updates in dealer consolidation, production cuts, inventory reduction targets and reduced sales in regions across the globe.

Deere Confident on ‘Producing to Demand’ in Fiscal Year 2025

October 15, 2024 | Posted in Earnings Reports

Deere & Co. remains confident about producing to demand during fiscal year 2025, JP Morgan (JPM) analysts reported following a virtual meeting with Deere Director of Investor Relations Josh Beal in early October.

Used Equipment Inventory Eases, But Still Too Much Pressure on the Market

August 15, 2024 | Posted in Equipment & Equipment Sales

Used equipment inventories remain elevated. And while they are not as high as they were in 2023 and early 2024, Andy Campbell said it’s still too much pressure for this market to take.

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Deere Reports 25% Drop in 3Q Production & Precision Ag Net Sales

August 15, 2024 | Posted in Earnings Reports

Deer & Co. reported third quarter net income of $1.7 billion on Aug. 15. Worldwide net sales and revenues decreased 17%, to $13.2 billion

Deere Cuts Production, Jobs Amid Softening Grower Sentiment

June 17, 2024 | Posted in Earnings Reports, Equipment & Equipment Sales

Since March, Deere & Co. has cut 773 jobs in Iowa alone, according to Iowa’s WARN log as of June 11. The latest cuts — 120 employees at the Seeder and Cylinder plant in Moline, Ill. — were announced June 5.

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‘Big 3’ Maintain Majority of Sprayer Market, but Share Slips Slightly

Major Line OEMs Weigh in on 2025

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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