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May 2020 Tractor & Combine Analysis

By Charlie Glass posted on June 11, 2020 | Posted in Analysis & Commentary

Compact tractors and 40-99 horsepower tractors sales exceeded expectations in May, while 100+ horsepower tractors, 4WD tractors and combine sales were below expectations.

Ag Economic Outlook: The Impact of COVID-19 on the Remainder of 2020

June 10, 2020 | Posted in Data & Trends

Back in February, the U.S. Department of Agriculture (USDA) was projecting a $3.1 billion increase in net farm income this year. Then COVID-19 emerged. Now, a private forecast from the Food & Agriculture Policy Research Institute estimates farm income to drop roughly 11% from the USDA's original projection.

Replacement Demand for Large Equipment Fuels Deere’s Improved Outlook for 2018

December 1, 2017 | Posted in Data & Trends

Despite ongoing low crop prices, Deere & Co. is looking for solid sales growth of its ag equipment in the year ahead. During a conference call with analysts following the release of its earnings report on Nov. 22, Deere management cited farmers needing to replace equipment, evidenced by improving early order sales.

2010 Finishes on High Note, But Majors Cautious About 2011

February 1, 2011 | Posted in Data & Trends

Despite increasing farm commodity prices, particularly grain and dairy, the major farm equipment makers — AGCO, CNH and John Deere — are forecasting flat to moderately rising sales of ag equipment in 2011 compared with last year.

Bearish Crop Report Turns Bullish, Good News for Ag Equipment in Second Half

June 1, 2010 | Posted in Data & Trends

USDA’s crop acreage report revised the corn-planted acres down to 87.9 million acres compared with 88.8 million acres in March, but it was much lower than industry expectations of 89.3 million acres.

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Producer Price Index Percentage Changes — Ag Equipment & Parts Segment

‘Big 3’ Maintain Majority of Sprayer Market, but Share Slips Slightly

Major Line OEMs Weigh in on 2025

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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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