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.
Data released by Argentina’s National Institute of Statistics and Census (Indec) reveal that the sales revenue of agricultural machinery increased, but only in nominal terms. This means that sales were only up due to the high inflation in the country.
The U.S. agricultural equipment markets are beginning to show signs of awakening and the prospects of increased income from grain crops should fuel growth in the larger horsepower tractor markets this year.
Consolidated corporate sales for the three-month period ended Feb. 28, 2021 were $5,401,000 compared to $5,026,000 during the same period in fiscal 2020, an increase of $375,000, or 7.5%. The increase in consolidated revenue is due to increased sales in our Agricultural Products segment.
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.
In this week’s episode, we look at Titan Machinery’s strong third quarter results for fiscal year 2022, and how the executive team views inventory turns heading into next year. In the Technology Corner, Michaela Paukner talks with Mani Iyer, CEO of Soletrac, about the electric tractor manufacturer’s distribution plans. Also in this episode: a look at how the UAW strike impacted margins and planter deliveries and dealers’ forecast for used equipment revenues in 2022.