As reported in the March issue of Ag Equipment Intelligence, several manufacturers of farm machinery and components registered solidly better sales in 2017 than the previous few years and are looking for more of the same this year.
Despite improving conditions for agriculture, New Holland’s commercial director in Brazil, Alexandre Blasi, doesn’t expect Brazilian equipment sales in 2017 to set any records.
AGCO’s Fendt unit — the “Jewel in the Crown,” as Chairman and CEO Martin Richenhagen once described it — is going full-line and exploring new markets to deliver further growth.
Investment in new product development, as well as bricks and mortar and human resources, continues at seeding and tillage equipment maker Horsch as it prepares for a recovery in agricultural machinery markets.
It’s likely to be a very difficult year for agribusiness in Brazil, according to a report, “Road to Ruin? Brazil’s Agribusiness Logistics in 2013,” from Rabobank.
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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.