Total Australian ag equipment sales were up 5% year-over-year to $5.9 billion in 2023, according to a recent report from the Tractor and Machinery Assn. of Australia.
Linamar Corp. announced Dec. 20 an agreement to acquire Canadian implement manufacturer Bourgault Industries out of St. Brieux, Sask., for C$640 million.
Data from Statistics Canada on Canada’s agricultural implement manufacturing industry (NAICS 33311) reveals that 77.5% of all Canadian ag implement manufacturing exports went to the U.S. in 2021.
Titan International has entered into a definitive agreement for the sale of its Australian wheel business, to OTR Tyres, a local leading national tire, wheel and service provider. The closing date is expected to be Thursday, March 31, 2022.
Instead of tilling or plowing the soil, no-till involves seeding through the prior crop’s standing residue. Weed control is accomplished primarily through herbicides.
The Australian government’s willingness to financially support agriculture (and other industries requiring heavy equipment) played a large part in the country seeing exceptional sales of tractors and other machinery in 2021 despite ongoing supply challenges.
According to a report from Bloomberg, Deere has plans to expand its presence in Australia and New Zealand, including an increased focus on precision agriculture.
The first waves of commercially available autonomous farm equipment are starting to appear on farms in Canada and Australia, and farmers are reporting immediate benefits.
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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.