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AEI Newsmakers: May 2024

May 15, 2024 | Posted in Ag Equipment Business

Autonomous vehicle and data solutions supplier Cyngn announced April 23...
Around 200 unionized workers at Alamo Group subsidiary Gradall Industries, located in New Philadelphia, Ohio...
A John Deere dealer executive said the last time they heard about the Volocopter drone collaboration...
John Deere has laid off 34 employees at its Cylinder Works facility in Moline, Ill., according to a May 6 report...
30-store John Deere dealer Greenway Equipment announced May 1 the appointment...
Tillage blade and cultivation equipment manufacturer Osmundson Manufacturing Co. announced...
German implement manufacturer Amazone announced April 23 that it will...
CNH Industrial plans to lay off more than 200 out of the 660 workers at its Racine, Wis., facility...
In its Mary 10 WASDE report update, USDA’s 2023-24 ending stocks are estimated...
In a note to investors, J.P. Morgan analysts said, “We view today’s report as incrementally...
VDMA reported German tractor registrations were up 16% year-over-year in April...

UPDATED: UK New Holland Strike Could Impact T6 Tractor Supply

May 15, 2024 | Posted in Ag Equipment People, Ag Equipment Worldwide

The union representing striking Basildon New Holland workers will extend the strike into June, according to a June 4 press release.

AEI Newsmakers: November 2023

November 15, 2023 | Posted in Analysis & Commentary

According to EquipmentWatch’s 2022 Highest Retained Value Awards, John Deere had the highest 5-year residual value in tracked tractors at 67.3% among manufacturers, above the 57.9% category average.
Northeast China could soon become a hotbed for international industrial investment, according to an Oct. 23 report from New China News Agency.
Yanmar Turkey announced Oct. 12 the inauguration of its Tractor Production Plant in Izmir, Turkey.
The Nigerian government said John Deere intends to open a tractor assembly plant in the country, according to an Oct. 31 report from Nairametrics.
In a Nov. 4 report from The Wall Street Journal on retrofit kits for autonomy, AGCO stated 7% of farmers globally replace their equipment every year, leaving 93% using older models as potential customers for upgrades.
According to CEMA, an industry trade association, the general business climate index for the European ag equipment industry has again fallen month-over-month.
Manitou Group has announced an agreement to acquire 75% of COME S.R.L, a company specializing in the production of mechanically welded parts, and 75% of Metal Work S.R.L, a company specializing in laser cutting.

AEI Newsmakers: October 2023

October 15, 2023 | Posted in Ag Equipment Business, Ag Equipment People, Ag Equipment Worldwide

VDMA reported German tractor registrations down 13% year-over-year in September (up 2% year-to-date).
Sarah Porter and Kathryn Sorensen demystified water concerns in Arizona in their Oct. 7 Wall Street Journal article.
Indian tractor manufacturer VST Tillers Tractors is looking for more collaborations with manufacturers.
According to a recent report from Horsch’s customer magazine terraHORSCH, China accounts for 18% of the world’s population but only 9% of global arable land.
LS Mtron recently announced its Land Solution partnership with Korean ag equipment manufacturer Woongjin Machinery.
According to CEMA, an industry trade association, the general business climate index for the European ag equipment industry has again fallen month-over-month.
In its Oct. 12 WASDE report, USDA reported a 2023-24 U.S. corn outlook of reduced supplies.
CNH Industrial announced Oct. 12 it had completed its acquisition of satellite positioning technology provider Hemisphere GNSS

TAFE Announces Investment in UK R&D Center

July 5, 2023 | Posted in Ag Equipment Worldwide

Indian tractor manufacturer TAFE (Tractors and Farm Equipment Limited) has announced an investment in a new research & development center, TAFE Advanced AG Solutions, in Telford, UK.

Ranking the UK's Top Dealers by Revenue

June 13, 2023 | Posted in Ag Equipment Worldwide

According to a June 12 article from Farmers Weekly, Scot JCB ranks as the largest UK dealer with $222.4 million in annual 2021 revenue.

Moveero Relocates Headquarters to Armstrong, Iowa

April 24, 2023 | Posted in Ag Equipment Worldwide

Steel wheel manufacturer moveero has relocated its headquarters to Armstrong, Iowa, from its previous location in the United Kingdom.

AEI Newsmakers: Sept. 2022

September 15, 2022 | Posted in Ag Equipment Business

Steyr Wins Design Award with Hybrid Drivetrain
August Tractor Registrations Down 4% in Germany, up 1% in UK
USDA WASDE Report: Lower Corn & Soybean Production
Deere Aiming for 10% of Revenue From Software Fees by 2030
Biodiesel Demand Drives Soybean Crush Facility Construction

Ireland's Tractor Market Surged in 2021

May 26, 2022 | Posted in Equipment & Equipment Sales

The market for new tractor sales in Ireland surged last year as both tillage and livestock farmers were buoyed by improved commodity prices and Covid-related supply issues eased.

CNH Took UK Tractor Market Lead in 2020

January 28, 2022 | Posted in Ag Equipment Worldwide

Steady gains in UK tractor market share and an uncharacteristic dip by the long-time market leader saw CNH Industrial take the top slot among manufacturers in 2020

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Deere Production Could be Down 10-15% Next Year

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.

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