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South American News: February 2024

February 15, 2024 | Posted in Ag Equipment Worldwide

Stara Offers New Payment Options in Argentina
Deere Selects Brazilian Startup for Global Collaborator Program
Argentina’s Mainero Increases Exports
Brazil’s Farmers Pessimistic About New Purchases This Year

U.S. Farmer Sentiment Stabilizes

January 9, 2024 | Posted in Data & Trends

U.S. farmers’ sentiment changed very little in December compared to the preceding month.

Large Ag Equipment Sales Up in November

December 18, 2023 | Posted in Data & Trends, Earnings Reports

Large ag equipment unit sales were up 4.4% year-over-year in November, led by 4WD tractors, according to the latest data from the Assn. of Equipment Manufacturers.

4WD, Combine Sales & Inventories Rise

April 15, 2023 | Posted in Ag Equipment Worldwide, Data & Trends

Large ag equipment sales rose 14.3% year-over-year in March, with robust growth in 4WD and combines more than enough to offset a modest decline in row-crop tractors, according to the latest data from the Assn. of Equipment Manufacturers.

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U.S. & Australia Top Canada’s 2021 Ag Equipment Export Destinations

January 15, 2023 | Posted in Data & Trends, Equipment & Equipment Sales

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.

Brazilian Dealers Note Differences from U.S. Counterparts

August 15, 2022 | Posted in Ag Equipment Worldwide

On August 4, Ag Equipment Intelligence participated in a presentation alongside 4 equipment dealers to a group of dealers and farmers from Brazil that was on a weeklong benchmarking tour in the Midwest.

Kubota to Invest $2 Billion in Overseas Factories by 2030

July 11, 2022 | Posted in Ag Equipment Worldwide

According to a July 11 report from Nikkei Asia, Kubota plans to invest $2.2 billion in new overseas plants by 2030, including in the U.S. and India.

Expansion in U.S. Contributes to Lemken's Record 2021 Sales

May 26, 2022 | Posted in Earnings Reports

Lemken’s positive development in North America, which now includes a fully-fledged subsidiary in the United States, contributed to the German tillage and seeding equipment manufacturer’s all-time record sales in 2021.

Ag Equipment Dealer Site Concentration: John Deere, Case IH, AGCO & Kubota

March 15, 2022 | Posted in Data & Trends

This map illustrates where dealer competition is heaviest, and where it is not. Researchers at the U.S. PIRG Educational Fund used the major-line OEM’s online dealer locator tools in late 2021 to capture and plot site location data.

Near Term Ag Fundamentals Result in Deere’s Decision to Slow Ag Equipment Production

May 23, 2019 | Posted in Earnings Reports

Deere & Co. posted decent ag equipment sales numbers last week when it reported its second quarter fiscal year 2019 earnings, but the company said it is looking at slowing production of big ag equipment by as much as 20%.

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Producer Price Index Percentage Changes — Ag Equipment & Parts Segment

‘Big 3’ Maintain Majority of Sprayer Market, but Share Slips Slightly

Major Line OEMs Weigh in on 2025

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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