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AEI Newsmakers: April 2024

April 15, 2024 | Posted in Data & Trends, Dealers & Dealerships, Equipment & Equipment Sales

Fossil-free steel manufacturer SSAB announced April 10 that John Deere Forestry Oy will replace some of the steel...
Same Deutz-Fahr announced March 6 it has opened a sales branch in Santiago de Querétaro, Mexico...
The U.S. Department of Energy announced March 14 a conditional commitment to Lithium Americas Corp’s subsidiary, Lithium Nevada Corp., for a $2.26 billion loan...
Pricing lifecycle management company Zilliant announced a strategic relationship with AGCO...
Tire manufacturers Mitas and Trelleborg announced April 12 that, effective May 2024, they will increase global prices by up to 5%...
The Federal Aviation Administration recently granted Texas-based drone builder Hylio a regulatory exemption that will allow it to swarm its heavy-lift drones...
CEMA’s general business climate index decreased to a reading of –57 in the April survey vs. –55 last month...
VDMA reported German tractor registrations down 2% year-over-year in March (flattish year-over-year in Q1)...
Effective April 1, José Cuadrado has been appointed global chief executive officer at Yanmar Compact Equipment...
In its March 11 WASDE report update, USDA’s 2023-24 ending stocks are estimated at 2.122 billion bushels of corn...

AEI Newsmakers: March 2024

March 15, 2024 | Posted in Dealers & Dealerships, Mergers & Acquisitions

A Feb. 28 report from World Construction Network said Kubota had filed a patent for an audio signaling system for automated machines...
CNH Industrial announced March 4 a strategic alliance with Telecom Argentina to bring 4G connectivity and digital services...
John Deere reported that changing a 620 horsepower 9R tractor to a fully electric version would mean adding almost 60 batteries...
Chevron Corp. subsidiary Chevron Renewable Energy Group Inc. will close 2 U.S. biodiesel production plants amid market challenges...
Unverferth Manufacturing is looking to hire 45-55 additional people to support increased demand and diversification...
Kubota is considering making its own batteries for its ag equipment...
Drone, sensors and software solutions provider AgEagle Aerial Systems Inc. announced on March 7 the appointment of retired U.S. Army Major General...
In its March 8 WASDE report update, USDA’s 2023-24 U.S. ending stocks are estimated at 2.172 billion bushels of corn...
VDMA reported German tractor registrations up 2% year-over-year in February (up 1% year-to-date)...
CEMA’s general business climate index decreased to a reading of –55 in the March survey vs. –52 last month...

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2022 Ag Census: Forage Harvesters, Hay Balers See Largest Declines on Operations

March 15, 2024 | Posted in Data & Trends, Equipment & Equipment Sales

According to the 2022 USDA Census of Agriculture, among equipment categories, forage harvesters and hay balers saw the largest declines in the number of machines reported on growers’ operations.

2022 Ag Census: Farm Production Expenses Increase Nearly 30%

February 15, 2024 | Posted in Earnings Reports

U.S. farmers reported total farm production expenses of $424 billion in the 2022 Census of Agriculture, which USDA released on Feb. 13.

AEI Newsmakers: December 2023

November 15, 2023 | Posted in Analysis & Commentary

the U.S. replaced mainland China as the top buyer of Taiwanese agricultural products for the first time last year.
Jost, a producer and supplier of safety-critical systems for the commercial vehicle industry, has announced the construction of a second production plant near the southern Indian city of Chennai.
Amazone and FieldView, Bayer’s platform for digital agriculture, announced Nov. 22 they are starting a strategic collaboration with the aim of further promoting and simplifying the adaptation of smart farming practices.
In its Dec. 8 WASDE report, USDA 2023-24 U.S. corn outlook is for higher exports and lower ending stocks. Exports are raised 25 million bushels to 2.1 billion reflecting the pace of sales and shipments to date.
VDMA reported German tractor registrations down 4% year-over-year in November (flattish year-to-date).
Ag tire and wheel manufacturer Trelleborg announced Dec. 4 that its first facility in Vietnam had begun production.
Canadian ag equipment manufacturer S3 Group Ltd. announced Nov. 8 its acquisition of Power Pin Inc.
Guardian Agriculture, a developer of electric Vertical Take-Off and Landing (eVTOL) systems for commercial-scale farming, announced Dec. 4 that it has become the first eVTOL manufacturer to begin commercial operations.

AEI Newsmakers: November 2023

November 15, 2023 | Posted in Analysis & Commentary

According to EquipmentWatch’s 2022 Highest Retained Value Awards, John Deere had the highest 5-year residual value in tracked tractors at 67.3% among manufacturers, above the 57.9% category average.
Northeast China could soon become a hotbed for international industrial investment, according to an Oct. 23 report from New China News Agency.
Yanmar Turkey announced Oct. 12 the inauguration of its Tractor Production Plant in Izmir, Turkey.
The Nigerian government said John Deere intends to open a tractor assembly plant in the country, according to an Oct. 31 report from Nairametrics.
In a Nov. 4 report from The Wall Street Journal on retrofit kits for autonomy, AGCO stated 7% of farmers globally replace their equipment every year, leaving 93% using older models as potential customers for upgrades.
According to CEMA, an industry trade association, the general business climate index for the European ag equipment industry has again fallen month-over-month.
Manitou Group has announced an agreement to acquire 75% of COME S.R.L, a company specializing in the production of mechanically welded parts, and 75% of Metal Work S.R.L, a company specializing in laser cutting.

AEI Newsmakers: October 2023

October 15, 2023 | Posted in Ag Equipment Business, Ag Equipment People, Ag Equipment Worldwide

VDMA reported German tractor registrations down 13% year-over-year in September (up 2% year-to-date).
Sarah Porter and Kathryn Sorensen demystified water concerns in Arizona in their Oct. 7 Wall Street Journal article.
Indian tractor manufacturer VST Tillers Tractors is looking for more collaborations with manufacturers.
According to a recent report from Horsch’s customer magazine terraHORSCH, China accounts for 18% of the world’s population but only 9% of global arable land.
LS Mtron recently announced its Land Solution partnership with Korean ag equipment manufacturer Woongjin Machinery.
According to CEMA, an industry trade association, the general business climate index for the European ag equipment industry has again fallen month-over-month.
In its Oct. 12 WASDE report, USDA reported a 2023-24 U.S. corn outlook of reduced supplies.
CNH Industrial announced Oct. 12 it had completed its acquisition of satellite positioning technology provider Hemisphere GNSS

AEI Newsmakers: September 2023

September 18, 2023 | Posted in Earnings Reports

Germany-based Jost Werke SE has signed a purchase agreement to acquire LH Lift Oy, based in Finland, that manufactures 3-point linkages and hitches
trucking company Yellow Corp. collapsed into bankruptcy on Aug. 6
In its Sept. 12 WASDE report, USDA estimated 2023-24 corn ending stocks at 2,221 billion bushels, soybeans at 220 million bushels and wheat at 615 million bushels
VDMA reported German tractor registrations down 4% year-over-year in August (up 3% year-to-date)
Kubota plans to commercialize unmanned tractors, rice planters and combine harvesters in Japan as early as 2026, according to an Aug. 26 report from Nikkei Asia
Lemken CEO Anthony van der Ley forecast a 6-7% decline in global ag equipment sales for 2024 in a Sept. 10 report from Agriland
According to CEMA, the general business climate index for the European ag equipment industry has continued to fall

Ag Equipment Intelligence Lists

Texas Leads the U.S. in Planted Cover Crops Acreage

August 15, 2023 | Posted in Data & Trends

The number of farm operations with cover crops increased by 15.2% from 2012 to 2017, to a total of 153,402, according to USDA.

Ag Equipment Expenses for the Largest U.S. Farmers Continue to Rise

August 15, 2023 | Posted in Ag Equipment Worldwide, Earnings Reports

In its annual summary of farm production expenditures, the USDA reported last month that total estimated expenditures in the continental U.S. for 2022 rose to $453.7 billion.

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AGCO Reports $1.4 Billion in 2023 Tractor Revenue

New Holland Informs Dealers of Restructuring Details

Baltimore Port Closure: Tractor Imports & Exports Impacted, Deliveries Delayed

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Baltimore Port Closure to Impact High Horsepower Tractor Imports & Exports

In this episode of On the Record, brought to you by Weasler Engineering, we look at how the Port of Baltimore's closure will alter the flow of high horsepower tractors in and out of the country. In the Technology Corner, Noah Newman talks about some changes coming to drone operation regulations. Also in this episode, Kazakhstan's potential for the North American ag equipment industry and what 2024 holds for the sprayer market.

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