As the 9th largest country in the world by area and one of the smallest by population, Kazakhstan is ripe with potential for North American farm equipment manufacturers.
The general business climate index for the European ag equipment industry held its first significant upward trend in December since the sharp declines in the course of the Russian war against Ukraine.
2022 is nearly over and it's been a bizarre year. We covered a lot, including how ongoing supply chain issues are impacting inventories, the CNHI-UAW strike and the war in Ukraine.
In its Dec. 14 update, CEMA’s Business Climate Index rose to a reading of +30, showing the EU ag equipment industry has “solidified its first significant upward trend since the sharp declines in the course of the Russian war against Ukraine.”
In a fact sheet released July 14, the U.S. Department of the Treasury specified that there are no U.S. sanctions against "the exportation of agricultural equipment and spare parts to Russia."
Even with the worsening conflict between Russia and Ukraine, some South American companies have reported to have received more orders for agricultural machinery.
Buhler Industries, manufacturer of the Versatile and Farm King ag equipment brands, released a list of answers on March 23 to frequently asked questions regarding the company's ownership and management.
“The read from investors is that higher global crop prices will spur more machinery demand in future years,” Barclays analyst Adam Seiden said in a March 22 interview with Bloomberg.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
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.