Ag Equipment Intelligence has gathered financial data from the filings of the ag industry’s key publicly-traded manufacturers and compiled its own list of these companies’ executives’ compensations, now updated for the 2021 financial year.
A surge in the number of compact tractors — machines of less than 50 horsepower — purchased in 2021 helped sustain the German tractor market in terms of unit numbers if not value at much the same level as in 2020.
At €655 million ($718.5 million), the German ag equipment manufacturer Amazone experienced an exceptional year for sales in 2021, exceeding prior-year revenues by 22% to set another new record for the company.
"Our fourth quarter was a continuation of our strong performance throughout the year and adds up to an excellent 2021 as we increased sales by an astounding $521 million," commented Paul Reitz, president and chief executive officer.
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In this episode of On the Record, Pinion Principal Marc Johnson forecasts 4-6% growth in large ag equipment sales in 2023. In the Technology Corner, Noah Newman takes a closer look at Verge Ag’s Equipment Explorer, which was launched at the 2023 Precision Farming Dealer Summit. Also in this episode, a preview of the 10th annual Precision Farming Dealer benchmark study and a look at ag retailer sprayer purchase plans for the year ahead.