A report from the Ministry of Agriculture & Farmers’ Welfare on July 19 showed that planting among most of India’s summer crops have declined since June 1, following a particularly dry monsoon season. Monsoon rains were down 20% below average in the week ending July 17, with the total rainfall since June 1 being down 16% below average.
Mahindra & Mahindra recently announced up to 13 days of no-production for its farm equipment factories following a 15% drop in tractor sales over the last 3 months, with tractor manufacturer Escorts also making plans to reduce inventory over the summer.
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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.