The latest report from Brazil’s National Assn. of Automotive Vehicle Manufacturers (Anfavea) indicates that tractor sales in June were up by 25.5% year-over-year.
Despite improving conditions for agriculture, New Holland’s commercial director in Brazil, Alexandre Blasi, doesn’t expect Brazilian equipment sales in 2017 to set any records.
Agrishow, a farm show held in May in the city of Ribeirão Preto in the Brazilian state of São Paulo, had several foreign exhibitors, mostly Chinese manufacturers of ag machinery and components, exhibiting products and seeking new customers.
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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.