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CNH Feels the Pain of Turkish Market Downturn

June 25, 2019 | Posted in Ag Equipment Worldwide

A 21% increase in exports from Turkey’s biggest tractor-making enterprise last year was compensation for a 53% plunge in domestic sales as challenging market conditions discouraged farmers from investing in new power units.

Lack of Credit Cited for Fall Off of Brazilian Equipment Sales

June 21, 2019 | Posted in Ag Equipment Worldwide

During a call with Ag Equipment Intelligence regarding the current market situation in Brazil, the Brazilian Assn. of Machines and Equipment (Abimaq) blamed the lack of subsidized credit for the drop off in sales of farm tractors and combines in the past 2 months. In the beginning of 2019, the association forecast a 10% increase in total machinery sales.

Argentina’s Ag Machinery Sales Recover After Drought Year

June 20, 2019 | Posted in Ag Equipment Worldwide

Following a double-digit decline in ag machinery sales in 2018, Argentina’s agriculture is showing signs of recovery. USDA is forecasting a record crop 49 million metric tons of corn, jumping from 31.7 million metric tons in 2018, and a soybean crop of 53 million metric tons.

Brazil’s Tractor & Combine Sales Fall Again

June 19, 2019 | Posted in Ag Equipment Worldwide

The June report from Brazil’s Anfavea says that farm tractor sales in May fell 9.5% year-over-year, with 2,562 units sold. At the same time, sales were up 2.6% compared to the previous month, when 2,495 units were registered.

Ireland Sees 54% Increase in Forage Harvester Registration; Claas Most Popular

June 18, 2019 | Posted in Ag Equipment Worldwide

Ireland has seen 54 forage harvester registrations so far in 2019, a 54% increase from the 35 registrations in 2018. Though it’s unlikely to move any higher considering the season, it shows a growing strength in Irish buying habits.

Continental Extends Production Facilities in Lousado, Portugal

June 18, 2019 | Posted in Mergers & Acquisitions, Ag Equipment Worldwide

Continental, the technology company and manufacturer of premium tires, is expanding their production facilities in Lousado, Portugal, with investments totaling around €100 million The new capacity will be used for the production of radial Earthmoving and Port tires with a diameter larger than 24 inches.

Used Tractor Market Makes Gains in UK Ahead of Brexit

June 18, 2019 | Posted in Ag Equipment Worldwide

Source: Farmers Weekly

The UK has seen an exploding used tractor market following England’s departure from the EU. Brexit’s impact on the British pound, coupled with dropping commodity prices have made a perfect environment for British farmers to purchase low-hour, high value machinery.

Mahindra Enters into Strategic Alliance with Switzerland-based Gamaya

Acquires 11.25% stake in Agri-technology firm

June 14, 2019 | Posted in Ag Equipment Worldwide

Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group today announced an investment of CHF 4.3 million (US$ 4.3 million) for an 11.25% stake in Switzerland based agri technology firm Gamaya SA.

AGCO Expands Its Footprint in Africa with a New Office in Morocco

June 13, 2019 | Posted in Ag Equipment Worldwide

AGCO, a worldwide manufacturer and distributor of agricultural equipment, has opened a new office in the northeast of Casablanca, Morocco. The new premises are to serve as the company’s regional sales office for West and North Africa.

M&M to Expand into Africa, Plans Manufacturing in Sudan, Kenya

June 13, 2019 | Posted in Ag Equipment Worldwide

Source: Business Standard

Mahindra & Mahindra (M&M) plans to increase localization of its Scorpio pick-up at its factory in South Africa’s Durban, as it seeks to make deeper inroads into the adjoining African markets and get around trade barriers.

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Ag Equipment Worldwide
RSS

CNH Feels the Pain of Turkish Market Downturn

Lack of Credit Cited for Fall Off of Brazilian Equipment Sales

Argentina’s Ag Machinery Sales Recover After Drought Year

Brazil’s Tractor & Combine Sales Fall Again

Ireland Sees 54% Increase in Forage Harvester Registration; Claas Most Popular

Continental Extends Production Facilities in Lousado, Portugal

Used Tractor Market Makes Gains in UK Ahead of Brexit

Mahindra Enters into Strategic Alliance with Switzerland-based Gamaya

AGCO Expands Its Footprint in Africa with a New Office in Morocco

M&M to Expand into Africa, Plans Manufacturing in Sudan, Kenya

Get all things Ag Equipment Intelligence all the time!

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Current Issue

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With Solid 1QFY20 Results and Reduced Debt Titan Machinery’s Set to Renew M&A Efforts

Revenue Growth Slows for Precision Dealers in 2019

Must Read Free Eguides

Videos

Ethanol Exports Could Grow, But Little Impact on Equipment Sales

Events

2019 Dealership Minds Summit

Ag Equipment Worldwide RSS

Get all things Ag Equipment Intelligence all the time!

Top Articles

Current Issue

Must Read Free Eguides

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Events

Ag Equipment Worldwide
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