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AEI Newsmakers: November 2024

November 15, 2024 | Posted in Ag Equipment Worldwide, Data & Trends
  • Germany’s Machinery and Equipment Manufacturers Assn. (VDMA) reported German tractor registrations down 7%...
  • In the UK, the Agricultural Engineers Assn. (AEA) reported 50HP+ tractor registrations down 19%...
  • Ag Express Electronics, a provider of electronic repair and manufacturing services, announced on Nov. 7 a strategic partnership...
  • Craig Harthoorn, president of the Oxbo Forage Division in Marshfield, Wis., was elected president of the Board of Directors...
  • Buhler Industries, the manufacturer of the Versatile and Farm King brands of ag equipment, reported its 3Q revenue was up 38.6%...
  • Mississippi State Univ. is partnering with John Deere through a master research agreement, establishing a framework...
  • Scott Miller announced via LinkedIn that he had rescinded his acceptance of the CEO position...

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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...

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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. 

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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

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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

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