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Articles Tagged with ''COVID-19''

Real GDP Estimated Up 33.1% in 3Q20

October 29, 2020 | Posted in Ag Equipment Business

Real gross domestic product (GDP) increased at an annual rate of 33.1% in the third quarter of 2020, according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4%.

2020 Economic Outlook Forecasts Positive Equipment Investment Growth in 4Q20

October 23, 2020 | Posted in Data & Trends

After severe declines in equipment and software investment in the first and second quarter of 2020 due to the effects of COVID-19 and the impact of social distancing measures, investment in equipment and software bounced back in the third quarter as the U.S. economy began to reopen.

Lindsay Corp. Reports FY20 Revenue Up 7%

October 22, 2020 | Posted in Earnings Reports

Revenues for the year ended Aug. 31, 2020, were $474.7 million, an increase of $30.6 million, or 7%, compared to revenues of $444.1 million in the prior year.

Valmont Reports 3Q20 Net Sales Up 6.3%

October 22, 2020 | Posted in Earnings Reports

Valmont has reported net sales of $734 million increased 6.3% led primarily by significantly higher Utility Support Structures segment sales and improved international market demand.

AGCO Accelerates Fendt Roll-Out in the U.S.

October 15, 2020 | Posted in Ag Equipment Business

The COVID-19 pandemic may have stifled plans to ship a record 20,000 tractors from the Fendt factory in southern Germany this year — the forecast is for 18,700 units — but it has not slowed AGCO’s accelerating roll-out of the brand throughout the U.S.

European Dealer Sentiment Turns Positive in October

October 13, 2020 | Posted in Data & Trends

The general Business Climate Index for the Agricultural Machinery Industry in Europe has improved and is now positive for the first time since mid-2019. In October 2020, the index reached +8 points (on a scale of –100 to +100).

Manitou to Lay Off 63 Employees, Forecasts 2020 Sales Down 30%

September 30, 2020 | Posted in Ag Equipment Worldwide

According to a report from KHL, Manitou seeks to eliminate 63 positions amid increasing negative economic impact from the COVID-19 pandemic.

Uncertain Future for European Ag Shows as Manufacturers Withdraw

September 28, 2020 | Posted in Ag Equipment Business

Agricultural machinery exhibitions in Europe face an uncertain future as events are postponed and manufacturers build digital resources to communicate with customers, dealers and the farming media in light of COVID-19 restrictions.

European Agricultural Tractor Registrations Down 12.1% Year-Over-Year in 1H20

September 17, 2020 | Posted in Data & Trends

According to a report from the European Agricultural Machinery Assn. (CEMA), some 89,105 tractors were registered across Europe in the first six months of 2020, according to numbers sourced from national authorities. Of these registrations, 23,556 tractors were 37kW (50 horsepower) and under, and 65,549 were 38kW and above.

European Dealer Sentiment Surpasses Pre-COVID Levels

September 15, 2020 | Posted in Data & Trends

The general Business Climate Index for the Agricultural Machinery Industry in Europe has improved again and is now exceeding (low) pre-COVID-19 levels. Now, in September 2020, the index is at -1 points (on a scale of -100 to +100).

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New Holland President: We Need to Clean Our Dealer Network

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New Holland to ‘Clean’ Dealer Network of Shortlines

In this episode of On the Record, New Holland Agriculture President Carlo Lambro talks about the future of the company's North America network. In the Technology Corner, Noah Newman takes a look at the recently award-winning One Smart Spray system.

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