Argentina’s National Institute of Statistics and Census (Indec) recently reported agricultural machinery sales in the country during the first quarter totaled AR$ 25.27 billion ($266 million). This is 93.4% higher compared to the same quarter of 2020.
During the first quarter of 2020, Argentina’s National Institute of Statistics and Census reported that the country registered more sales of agricultural machinery in terms of revenue.
In March, Brazil’s President Jair Bolsonaro, issued national guidelines banning states from restricting activities related to the agricultural sector due to the coronavirus.
Organizers and exhibitors at the 41st Expointer, the largest open-air agricultural show in Latin American, are reporting increased sales at the expo vs. 2017.
Agricultural machinery sales reached R$2.38 billion (approx. $756 million) in revenues during the first quarter of 2017 in Brazil, according to the president of the Sectorial Chamber of Machinery and Agricultural Implements, Pedro Estevao Bastos de Oliveira.
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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.