Ag equipment sales growth accelerated sequentially in December, and inventories began to recover in 2WD categories but remain near trough levels for 4WD tractors and combines, according to analysis from RW Baird Senior Research Analyst Mircea (Mig) Dobre.
Growth in both ag tractors and combines continues in the U.S., while a slowdown in combines in Canada brings overall unit sales slightly below 2020 north of the border, according to the latest data from the Assn. of Equipment Manufacturers.
Large ag equipment retail sales showed solid growth in September, despite the fact that comparisons continue to get tougher and inventories remain below last year, says Mircea (Mig) Dobre, senior research analyst with RW Baird.
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In this week's episode we look at how ag equipment manufacturers compare to other machinery sectors in their recovery. In the Technology Corner, Michaela Paukner looks at how the massive “all-in-one” machine by NEXAT handles every work step in production agriculture, including soil cultivation, sowing, crop protection and harvesting. Also in this episode: a number of dealers are making acquisitions in Dealers on the Move, Deere acquires battery technology provider Kreisel Electric and Ben Thorpe examines how the major OEMs' R&D expenses compare to their ag sales.