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Deere Reports 18% Net Sales Gain, 3% Increase in Ag & Turf Sales

November 21, 2018 | Posted in Earnings Reports

Worldwide net sales and revenues increased 17% to $9.4 billion for the quarter and rose 26% to $37.4 billion for the full year. Net sales of equipment operations were $8.3 billion for the quarter vs. $7.1 billion in the same quarter last year and $33.4 billion for the year vs. $25.9 billion in 2017.

Massey Ferguson Changes Marketing Tack in Europe

November 21, 2018 | Posted in Ag Equipment Worldwide

Farmers and custom operators will find a much smaller Massey Ferguson presence at Europe’s major agricultural equipment shows in the future as the AGCO unit puts greater investment into its own events. The change of tack is being led by Francesco Quaranta, vice president of Sales, Marketing & Product Management for Massey Ferguson in the Europe & Middle East region.

Amazone Opens Large Implements Factory in Northern Germany

November 20, 2018 | Posted in Ag Equipment Worldwide

The assembly and testing plant in Bramsche, just 15 miles north of the group’s headquarters factory near Osnabruck in northern Germany, comprises a 172,200 square feet cruciform building that takes up 12 acres of the 62 acre site.

Horsch Invests $26 Million in R&D

November 20, 2018 | Posted in Ag Equipment Worldwide

Tillage and seeding equipment manufacturer Horsch is laying foundations for further growth by investing €23 million (equivalent to $26 million) in expanded R&D, production and logistics facilities at its headquarters factory in southeast Germany.

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Minnesota Farmers See Falling Net Incomes, Increased Investments in Machinery

November 20, 2018 | Posted in Data & Trends

Even though Minnesota farmers have typically seen their gross incomes notably increase since 2002, the money they end up taking home has taken a hit in recent years. A University of Minnesota economist says the amount they are spending on equipment is a big reason for this.

2019 Annual Tractor & Combine Retail Sales Forecast

By Charlie Glass posted on November 19, 2018

Our models consist of historic data models that track net farm income, net farm cash income, commodity prices, currency exchange rates, worldwide agricultural market data and other factors that influence the purchase of tractors and combines in the U.S.

Kuhn Makes Huge Investments in Logistics

November 19, 2018 | Posted in Ag Equipment Worldwide

The €20 million ($22.6 million) facility has gradually been brought into operation over recent months to handle in-flows of raw materials and components for manufacturing operations at the plant.

NZ Tractor Sales On Track To Set Record

November 19, 2018 | Posted in Ag Equipment Worldwide, Equipment & Equipment Sales

New Zealand Tractor and Machinery Assn. (TAMA) president John Tulloch said sales of tractors are up 17% year-to-date at the end of September and could set a record by year-end.

Tractors from China to Brazil

November 19, 2018 | Posted in Ag Equipment Worldwide, Chinese Ag Machinery Market

According to a Nov. 6 Bloomberg report, AGCO is dropping made-in China tractors and replacing them with equipment built in Brazil.

Fendt Reports Progress in Building North American Market Share

November 18, 2018

Increased sales of new high horsepower tractors in North America is helping AGCO’s Fendt unit toward its goal of selling 20,000 units globally a year by 2020. This year, sales in North America are expected to top 800 units for the first time as farmers take to the Fendt 1000 Vario range and its Challenger-branded counterpart.

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[Technology Corner] Pessl Instruments CEO Talks Dealer Benefits From Lindsay Corp. Investment

Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.

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Editors' Picks
RSS

Deere Reports 18% Net Sales Gain, 3% Increase in Ag & Turf Sales

Massey Ferguson Changes Marketing Tack in Europe

Amazone Opens Large Implements Factory in Northern Germany

Horsch Invests $26 Million in R&D

Minnesota Farmers See Falling Net Incomes, Increased Investments in Machinery

2019 Annual Tractor & Combine Retail Sales Forecast

Kuhn Makes Huge Investments in Logistics

NZ Tractor Sales On Track To Set Record

Tractors from China to Brazil

Fendt Reports Progress in Building North American Market Share

Get all things Ag Equipment Intelligence all the time!

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Ag Equipment Intelligence

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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[Technology Corner] Pessl Instruments CEO Talks Dealer Benefits From Lindsay Corp. Investment

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