The U.S. economy is still performing well by most key measures. However, consumers, investors, companies and other market participants have become more wary about the near- term future with seemingly good reason. Global and U.S. economic prospects are weakening and the agricultural economy shows few signs of an imminent comeback, according to a comprehensive 2019 outlook report from CoBank’s Knowledge Exchange Division.
Equipment automation, drone-based nutrient application and hybrid or electric machinery are among the innovations which are trending toward broader application, perhaps as soon as 2025, according to results of a recent study conducted by consulting company Roland Berger.
The manufacturing models of the farm equipment and automotive industries are intertwined, with innovations developed for consumer vehicles often finding their way into the production of ag machinery.
For over two decades, the joint venture has delivered a range of engines in the 0.5-2.2 litre space. Manufactured in the UK, U.S., China and Japan, there are currently more than 1 million Perkins 400 Series engines at work around the world.
A report from global management consulting firm McKinsey & Co. maintains that, despite the “massive advances in computing power, data analysis and connectedness,” the agricultural and construction industries are lagging behind other sectors when it comes to “productivity gains associated with digitization.”
The off-highway powertrain activities of the U.K.’s GKN engineering group, together with its GKN Driveline automotive business unit, are to be combined with Dana Inc. in a new entity.
While Sergio Marchionne, chairman of CNH Industrial, which makes Case IH and New Holland farm equipment, has changed his mind on the future of electric vehicles, other farm equipment manufacturers are pushing ahead with the development of battery powered equipment.
Off-highway engine maker Deutz has responded to the likely adoption of electric and hybrid drive systems for future agricultural vehicles and implements by acquiring a leading German manufacturer to secure expertise in this field.
The rollout of their autonomous tractors at the 2016 Farm Progress Show in Boone, Iowa, garnered Case IH and New Holland a lot of attention for several weeks. (See Ag Equipment Intelligence, September 2016.)
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk to a Solectrac executive about the company's search for a new investor. In the Technology Corner, Noah Newman talks about the majors' growing presence in the precision retrofit market.