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Sales Improve During Brazilian Farm Show

March 13, 2020 | Posted in Ag Equipment Worldwide

For Gilson Farias, business development manager for the states of Paraná, Sao Paulo and Rio de Janeiro, the rate cut is more of a long term issue. The total credit available during the show was R$3 billion ($641 million at current exchange rates).

Farmers Eager to Borrow for Machinery at Brazilian Farm Show

March 13, 2020 | Posted in Ag Equipment Worldwide

In February and March, two major agricultural shows are held in Southern Brazil. Attendees at both shows demonstrated a high level of interest in loans for machinery.

John Deere Acquires Brazilian Aftermarket Parts Supplier

November 18, 2019 | Posted in Mergers & Acquisitions

Deere & Co. will acquire Unimil, a Brazilian aftermarket parts supplier for sugarcane harvesters. “The reason [we] acquired this leading business in the sector of after-sale emphasizes the commitment [to] our customers,” said Cory Reed, president of the Deere’s Agriculture & Turf division.

FPT Produced 500,000+ Engines in South America

November 18, 2019 | Posted in Ag Equipment Worldwide

Fiat Powertrain (FPT), part of CNH Industrial, announced it has manufactured more than 500,000 engines at its factories in Brazil and Argentina.

Lack of Credit Cited for Fall Off of Brazilian Equipment Sales

June 21, 2019 | Posted in Ag Equipment Worldwide

During a call with Ag Equipment Intelligence regarding the current market situation in Brazil, the Brazilian Assn. of Machines and Equipment (Abimaq) blamed the lack of subsidized credit for the drop off in sales of farm tractors and combines in the past 2 months. In the beginning of 2019, the association forecast a 10% increase in total machinery sales.

Brazil’s Tractor & Combine Sales Fall Again

June 19, 2019 | Posted in Ag Equipment Worldwide

The June report from Brazil’s Anfavea says that farm tractor sales in May fell 9.5% year-over-year, with 2,562 units sold. At the same time, sales were up 2.6% compared to the previous month, when 2,495 units were registered.

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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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