On August 4, Ag Equipment Intelligence participated in a presentation alongside 4 equipment dealers to a group of dealers and farmers from Brazil that was on a weeklong benchmarking tour in the Midwest.
John Deere announced its financial unit in Brazil had collaborated on a new entity named InovaBra. The ownership of the new unit will be shared with Bradesco, one of the largest retail banks in the country.
In June, the combined sales of tractors, harvesters and sprayers reached 774 units in Argentina or 11% more than the same month of 2021, according to the Argentinean Assn. of Automotive Dealerships (ACARA).
On June 29, Brazil’s national government announced its Crop Plan for the 2022-23 season. The plan, which is known as the Brazilian version of the Farm Bill, subsidizes farm investments aimed to increase productivity in the field.
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.
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In this episode of On The Record, we examine Deere’s Population of 20-Store Dealers On the Rise. In the Technology Corner, we take a look at Carbon Robotics Developing New “Thinning” Function for LaserWeeder. Also in this episode: AGCO & Kubota Sign Right to Repair MOUs, Deere Reports Rising Large Ag Price Realization - Lower Production Costs and Dealers’ Most Pressing Concerns.