Though 2024 will have its challenges, Lead Economist for Grains and Oilseeds at CoBank Tanner Ehmke thinks where ag equipment manufacturers should really be looking is 2025.
Data from Statistics Canada on the country’s agricultural implement manufacturing industry (NAICS 33311) reveals that 73.6% of the 288 companies listed under this category were profitable in 2020.
Presented below is Ag Equipment Intelligence’s third rendition of its Private Equity Companies & Ag Equipment Holdings list, newly updated after the last publishing in September 2020.
In its most recent list, Ag Equipment Intelligence has gathered financial data from the filings of the ag industry’s key publicly-traded manufacturers and compiled its own list of these companies’ executives’ compensations.
The Equipment Dealers Assn. has released the results of its annual Dealer-Manufacturer Relations survey. The association gives out Dealer’s Choice awards in 4 categories: Full-line manufacturer, tractor manufacturer, shortline manufacturer and outdoor power equipment manufacturer.
The automotive industry is undergoing the most radical transformation since people sold their horses and carriages and purchased automobiles. Almost every automaker is investing billions of dollars to develop and market all-electric vehicles. The ag equipment industry, by contrast, does not appear to be investing billions into transitioning much of existing gas and diesel equipment to electric power.
According to multiple reports, ag equipment manufacturers are opening their facilities in North Dakota and will be implementing strict guidelines to create safer work environments for employees during the pandemic.
Ag equipment manufacturers are sorting through how recently announced tariffs of steel and aluminum imports are impacting bottom lines, both for them and their customers.
A Polish ag equipment manufacturer that recently set up shop in the U.S. is investing in a new factory and office complex on a rural greenfield site in its home country.
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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.