According to Ag Equipment Intelligence’s research report “Chinese Tractor Market: Analysis & Forecast” released on July 1, annual 41-100 horsepower tractor sales in China are forecast to reach over 1.6 million by 2026.
USDA’s May World Agricultural Supply & Demand Estimates (WASDE) crop report introduced an initial 2019-20 crop year production forecast. It implies cash crop receipts across corn, soybean and wheat could decline 6% this year following 1% growth in the 2018-19 crop year.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.