Earnings Reports

AEI Newsmakers: August 2023

  • Global chipmakers are seeing an end to a glut of semiconductors but also forecast a slow recovery in demand.
  • Kubota Manufacturing of America Corporation (KMA) and Kubota Industrial Equipment Corporation (KIE) will merge into a single company on Jan. 1, 2024. 
  • Total employment numbers for local manufacturers, including several in the ag equipment and rural lifestyle equipment markets.
  • USDA estimated 2023-24 corn ending stocks at 2,202 billion bushels, soybeans at 245 million bushels and wheat at 615 million bushels.
  • The VDMA reported German tractor registrations down 2% year-over-year in July (up 4% year-to-date).

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South American News: August 2023

  • John Deere Announces New Factory for PLA Sprayer Line in Brazil
  • Brazil Ag Machinery Sales Dropped in June 
  • July Ag Machinery Sales Fall Again in Argentina
  • Argentina: Apache Plant Expansion, Indecar Dealer Network Growth
  • New Holland Announces Partnership with Biomethane Companies in Brazil

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Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.

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