A recent whitepaper from the Assn. of Equipment Manufacturers (AEM) outlines 13 trends that could influence how food is produced — many of which hinge on adoption of precision agriculture technologies.
Row-crop tractors drove large ag unit growth in May according to analysis from RW Baird of the latest AEM equipment sales data. Compact tractor demand softness continues despite higher dealer inventories.
“Especially in the last 5-10 years, I've really seen how things have changed, where associations are more relevant. They’re the voice of an industry, and industries need that voice, so it doesn’t look like one manufacturer looking out for their own interests," says former AEM President Dennis Slater.
North American large ag equipment sales picked up again in February, according to the latest numbers released by the Assn. of Equipment Manufacturers. Combined U.S. and Canadian large ag unit sales were up 16.5% vs. up just 1.4% in January.
The 12 month moving average for 100+ horsepower tractors has been steadily growing for the past 12 months. Monthly retail sales exceeded our forecast by 280 units and year to date retail sales exceed our YTD forecast by 6.2%.
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In this episode of On the Record, we take a closer look on AGCO’s unfinished inventory, which is the highest it’s been in 2 years. In the technology corner, we take a look at Precision Planting's new tools for automating soil sampling. Also in this episode, the results of a Farm Equipment poll on OEM new equipment lead times and an update on the UAW-CNH strike.