Claas has announced plans to invest around €40 million over the next few years to expand and modernize a production facility in Bad Saulgau, Germany. This investment will improve the company’s overall production capacities to meet the increasing demand for the hay tools and forage harvester heads currently being produced at that plant.
Brazil’s Agriculture Minister, Marcos Montes, announced during a government event in May the resources for the Crop Plan, the government program that subsidizes farm investments, during the 2022-23 season.
On June 8, Bloomberg reported sales of all products to Russia from its normal trading partners — which accounted for one-half of all imports in 2021 — were down 40% in April.
According to a press release from Indian tractor manufacturer Escorts, the company "has received requisite approvals for the name change of the Company from 'Escorts Limited' to 'Escorts Kubota Limited' with effect from June 09, 2022."
Even with the worsening conflict between Russia and Ukraine, some South American companies have reported to have received more orders for agricultural machinery.
Agrishow, one of the largest agricultural fairs held in Brazil, has generated more than R$ 11.2 billion ($2.1 billion) in sales of machinery and agricultural machinery in April 2022.
The province of Buenos Aires, the largest Argentinian province, has launched a plan to boost the production of agricultural machinery and aims to reach 95% of the inputs used to assemble the machinery made in Argentina.
According to a report from Observator, Kharkiv Tractor Plant, a Ukrainian tractor manufacturer that suffered bombing during the initial invasion of Ukraine, has announced it will move production to neighboring Romania.
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Precision ag pioneer Al Myers is a member of the Farm Equipment Shortline Legends Hall of Fame 2024 class. It’s been almost 35 years since the Ag Leader founder introduced the groundbreaking Yield Monitor 2000.