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AEI Newsmakers: October 2024

October 15, 2024 | Posted in Ag Equipment Business, Data & Trends, Dealers & Dealerships
  • USDA released its latest WASDE report on Oct. 11. JP Morgan analysts said, “We view today’s report as largely neutra...
  • According to CEMA’s survey of EU ag equipment manufacturers in October, 5% consider their current business to be...
  • VDMA reported German tractor registrations down 8% year-over-year in September (down 2% year-to-date)...
  • In the UK, the Agricultural Engineers Assn. (AEA) reported 50+ horsepower tractor registrations were down 19%...
  • John Deere announced plans on Oct. 14 to expand its John Deere Reman Core Center facility by...
  • AGCO announced layoffs at its Hesston manufacturing facility this week, following a 6% workforce reduction...
  • Texas John Deere dealer Tellus Equipment Solutions appointed Scott Miller chief executive officer...
  • On Oct. 1, Copperhead Ag announced plans to shift its sale strategy from direct to farmers...
  • Yokohama TWS appointed Elio Bartoli as its new company President, effective Dec. 1. Bartoli succeeds...

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AEI Newsmakers: August 2024

September 15, 2024 | Posted in Ag Equipment Business
  • Deutz AG has acquired Biuro Techniczno-Handlowe FAST Sp.z.o.o (BTH FAST), a Polish dealership that serves the ag, industrial...
  • Moveero completed Phase 2 of its hubs and spindles manufacturing investment program... 
  • European industry trade association CEMA’s September General Business Climate Index increased 3 points...
  • VDMA reported German tractor registrations down 28% year-over-year in August... 
  • In the UK, the Agricultural Engineers Assn. (AEA) reported 50HP+ tractor registrations down...
  • HD Hyundai Construction Equipment North America, opened its first North American customization center...
  • Kubota Corp. has invested in Bloomfield Robotics Inc., a U.S. startup company...
  • Reinke Manufacturing announced Sept. 10 a $12 million investment in the modernization...
  • Vermeer has partnered with G.T. Bunning & Sons Ltd, a UK-based leader in manure spreader manufacturing...
  • Analysts with JP Morgan said they view the September WASDE report as “modestly positive...

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AEI Newsmakers: August 2024

August 15, 2024 | Posted in Ag Equipment Business, Equipment & Equipment Sales
  • Doosan Robotics will merge with Doosan Bobcat by early 2025. Prior to the merger...
  • CNH announced the appointment of Ryan Schaefer as new vice president of New Holland Ag North America...
  • AGCO entered into an agreement to sell the majority of its Grain & Protein business to American Industrial Partners...
  • According to CEMA’s August survey of EU ag equipment manufacturers, 6% consider their current business... 
  • JP Morgan analysts view USDA’s Aug. 12 WASDE report as negative for U.S. farmers considering...
  • Trimble reported 2Q revenues of $870.8 million, down 12% year-over-year. For the full-year 2024...
  • Kinze announced Aug. 1 that it will be reducing its workforce. The reduction affects 193 of Kinze’s 815...
  • Alamo Group reported 2Q net sales of $416.3 million, down 5.5% year-over-year...

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On the Record Podcast

[Podcast] Nearly Two-Thirds of Farmers Identify as ‘Brand Loyal’

By Kim Schmidt posted on July 26, 2024 | Posted in Data & Trends
In this episode of On the Record, brought to you by Benzi America, we take a look at results of the 2024 Brand Loyalty study. In the Technology Corner, we examine how USDA’s use of ag data raises privacy concerns. Also in this episode, a look at the ag equipment companies that made the Industry Week U.S. 500 report and JP Morgan analysts say the rate of decline in the ag industry is expected to decrease.
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AEI Newsmakers: Nov. 2022

November 15, 2022 | Posted in Ag Equipment Business

UK, Germany Tractor Registrations Down in July

USDA’s Corn & Soybean Forecasts for 2032

Ethanol to Compete with Renewable Diesel for Soybean Oil

AGCO Reports Soaring Chip Prices

Shortline Manufacturer Comments on Shipping Costs

Used Tractor Auction List Pricing Up 11% in October


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