The manufacturing models of the farm equipment and automotive industries are intertwined, with innovations developed for consumer vehicles often finding their way into the production of ag machinery.
After solid growth in 2017, investment in equipment and software should remain strong in 2018 and is projected to expand 7.9% (up from 7% in the Q3 Economic Outlook published in July) according to the Q4 update to the 2018 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation.
A report released by Brazil’s National Assn. of Automotive Vehicle Manufacturers (Anfavea) in May reveals that sales of agricultural and road machinery jumped 33.1% compared to the first 4 months of 2016 with 13,200 units sold.
Overall, the number of “big dealers” of farm machinery in the U.S. and Canada did not increase significantly between the time the 2016 “Big Dealer” report was published and the compilation of the newest edition in 2017.
Harvest vehicles manufacturer Claas will continue to use Mercedes-Benz engines in its combines, forage harvesters and the Xerion 4WD tractors following an agreement signed with Rolls-Royce Power Systems.
The latest episode of Ag Equipment Intelligence's On the Record is now live. In today's newscast we look into the results of the latest "Big Dealer Report"? the latest financial reports from CNH and Deere as well as dealer groups Rocky Mountain Dealerships and Cervus Equipment, and technology editor Jack Zemlicka provides an update from PlugFest.
Few will argue with the fact that the very generous depreciation rules for farm machinery introduced in 2008 have played a significant role in the protracted run of strong sales years for ag equipment dealers and manufacturers.
The last few years have been record years for North American tractor sales and for some it may be hard to remember a time when business wasn’t booming.
Few will argue with the fact that the very generous depreciation rules for farm machinery introduced 2008 have played a role in the protracted run of strong sales years for ag equipment dealers and manufacturers.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.