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, brought to you by Associated Equipment Distributors, PFG America CEO Daniel Cook discusses the company's goals for expanding Deutz-Fahr's North American presence. In the Technology Corner, Noah Newman hits the technology highlights of the 2024 National Farm Machinery Show. Also in this episode, CNH Industrial reports $18.1 billion in 2023 ag sales, fewer dealers plan to build brand new dealerships and Deere dealers' inventory levels are rising.