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June 2018 Tractor & Combine Analysis

By Charlie Glass posted on July 15, 2018

The unknown resulting from the current trade negotiations have had a major impact on the positive feelings that existed just a few months ago. Farmers and ranchers are facing reduced incomes coupled with rising interest rates for their necessary operating capital and that does not produce a bright, cheery outlook.

Mahindra’s Swaraj Tractors Extends Offerings to 75 Horsepower

April 1, 2018 | Posted in Equipment & Equipment Sales, Mergers & Acquisitions

The Mahindra & Mahindra owned tractor company, Swaraj Tractors is rolling out its new tractors models in the 60-75 horsepower range. According to the company, it is aiming to capture a significant share of the 50,000 units sold annually in the over 50 horsepower range.

Sonalika Tractors Eyes 5 New Markets, While Aiming for 20% Growth

March 1, 2018 | Posted in Mergers & Acquisitions

After receiving positive responses from farmers in Europe and Asia, Sonalika Tractors, part of International Tractors Ltd. (ITL), is looking to expand its reach in 5 more markets. Apart from expanding its reach, the company is also aiming for 20% growth in 2018 based on its Indian business and other markets it is already catering to.

Combine, 4WD Sales Offset Drop in HHP

March 1, 2018 | Posted in Data & Trends

North American sales of high horsepower (100-plus HP) tractors declined in February, but part of the drop off was absorbed by higher sales of combines and 4WD tractors, according to the Assn. of Equipment Manufacturers February report on farm machinery sales.

New Agreement Gives Zetor Access to Russian Tractor Market

February 1, 2018 | Posted in Mergers & Acquisitions

Czech tractor maker Zetor is buying selected models from South Korean manufacturer TYM and has gained a foothold in the Russian market as it continues a drive to expand export sales.

Doosan and Lovol Establish Engine Joint Venture

February 1, 2018 | Posted in Chinese Ag Machinery Market, Mergers & Acquisitions, Technology

The compact diesel engines business of South Korean construction machinery giant Doosan Infracore has reached a joint venture agreement with Lovol Heavy Industry, the manufacturer of Foton and Lovol brand tractors in China.

Replacement Demand Spurs Sales Growth

December 1, 2017 | Posted in Data & Trends

Large ag equipment sales growth continued in November, although moderated from the highs reported in October to +5%, according to the latest numbers released by the Assn. of Equipment Manufacturers.

Declines Return for Large Ag Equipment

October 1, 2017 | Posted in Data & Trends, Equipment & Equipment Sales

After seeing an improvement in August, large ag equipment sales returned to double-digit declines in September, according to the latest sales figures coming from the Assn. of Equipment Manufacturers.

Potential Turn Up in Sales Next Year?

September 1, 2017 | Posted in Data & Trends

According to the latest sales figures coming from the Assn. of Equipment Manufacturers, large ag equipment sales grew year-over-year in August on significant growth from Canada and narrower declines in the U.S.

AGCO Expands French MF Factory

September 1, 2017 | Posted in Mergers & Acquisitions

Managers at AGCO’s Massey Ferguson tractor manufacturing and assembly facility in northern France aim to improve logistics and supply chain control with the acquisition of an adjoining 20 acres of land and 323,000 square feet of buildings.

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