Massey Ferguson announced t it will offer an automatic pilot technology for the MF 7700 and MF 6700R tractor lines before the end of the year in Brazil.
AGCO is introducing its Fendt-branded equipment in Brazil. The company tested the Ideal combine in 45 different properties in the country. In addition, it began selling the Momentum planter and launched the Fendt 900 Vario tractor for the Brazilian market in an online event.
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.
Sectors of Brazil’s machinery manufacturing base, including ag equipment makers, are anticipating collective vacations due to a truckers’ strike that lasted more than 2 weeks at the end of May.
John Deere used Agrishow, one of the largest farm shows in Brazil, to launch the Rural Connectivity Program. The initiative’s aim is to improve internet connectivity in Brazil to enable Brazilian farmers to better use Deere equipment.
The long running farm equipment exhibition, ExpoDireto, was held March 6-9 in the state of Rio Grande do Sul. The event typically runs during one of the key times for agricultural producers in southern Brazil to seek special credit lines to purchase farm machinery, particularly harvesters, seeders, sprayers and irrigation pivots.
After having invested US$ 2 million in a new training center in Argentina, published reports indicate that AGCO will expand its factory in the city of General Rodríguez that was opened in 2014.
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).
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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.