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AEI Newsmakers: August 2024

August 15, 2024 | Posted in Ag Equipment Business, Equipment & Equipment Sales

Doosan Robotics will merge with Doosan Bobcat by early 2025. Prior to the merger...
CNH announced the appointment of Ryan Schaefer as new vice president of New Holland Ag North America...
AGCO entered into an agreement to sell the majority of its Grain & Protein business to American Industrial Partners...
According to CEMA’s August survey of EU ag equipment manufacturers, 6% consider their current business...
JP Morgan analysts view USDA’s Aug. 12 WASDE report as negative for U.S. farmers considering...
Trimble reported 2Q revenues of $870.8 million, down 12% year-over-year. For the full-year 2024...
Kinze announced Aug. 1 that it will be reducing its workforce. The reduction affects 193 of Kinze’s 815...
Alamo Group reported 2Q net sales of $416.3 million, down 5.5% year-over-year...

Mid-Year 2024 Tractor & Combine Sales — US & Canada

July 15, 2024 | Posted in Equipment & Equipment Sales

U.S. mid-year equipment sales were down for compact and utility tractors, row-crop tractors and combines but up for 4WD tractors, according to data from the Assn. of Equipment Manufacturers (AEM).

Large Ag Retail Sales Down Double Digits

July 15, 2024 | Posted in Earnings Reports, Equipment & Equipment Sales

Large ag unit retail sales were down 14.6% year-over-year, with declines in row-crop tractors and combines more than offsetting a very slight increase in 4WDs.

Dealer M&A Activity: July 2024

July 15, 2024 | Posted in Mergers & Acquisitions

This new standing feature in the Ag Equipment Intelligence newsletter will catalogue notable dealership merger and acquisition activity since the previous newsletter.

CDK Global Cyber Attack Costs Dealers June Sales

July 15, 2024 | Posted in Dealers & Dealerships, Earnings Reports

Now that the cyber dust has settled following a hack that shut down CDK Global’s sales software, the verdict from ag dealers and associations is in: it could have been much worse.

Press Release

AGI Responds to Media Report of Unsolicited Proposal

June 4, 2024 | Posted in Ag Equipment Business

While it is AGI’s policy not to comment on market speculation or rumours, AGI confirms that it received an unsolicited, non-binding and conditional proposal to purchase the Company.

Excellence in Journalism: No-Till Farmer and Farm Equipment Editors Earn 2024 Azbee Awards

May 21, 2024 | Posted in Ag Equipment Business, Ag Equipment People

Lessiter Media’s No-Till Farmer and Farm Equipment editors were recognized by the American Society of Business Press Editors with national awards in the association’s 2024 Azbee Awards of Excellence.

Large Ag Equipment Sales Down Slightly

April 15, 2024 | Posted in Earnings Reports

Combined U.S. and Canada large ag unit sales were down 3.1% year-over-year in March (down 7.9% in February). U.S. large ag equipment sales were down 3.4%.

Press Release

Buhler Industries Appoints New President, Streamlines Operations

April 1, 2024 | Posted in Ag Equipment Business

Grant Adolph, Chairman of the Board of Directors of Buhler Industries Inc., the manufacturer of Versatile and Farm King brands of farm equipment, has announced on Jan. 24, 2024, the appointment of Zafer Ozbalaban as President of Buhler Industries.

South American News: March 2024

March 15, 2024 | Posted in Ag Equipment Worldwide, Dealers & Dealerships

Argentina’s Akron Aims to Strengthen Presence in North America
John Deere Announces Layoffs in Brazilian Unit
Argentina’s Plantium Invests $2.2 million
Crucianelli Enters ‘Smart Spraying’ Business

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Producer Price Index Percentage Changes — Ag Equipment & Parts Segment

Deere Reports 25% Drop in 3Q Production & Precision Ag Net Sales

Brand Loyalty Drops Slightly Among Farmers, Improves Among Deere & New Holland Customers vs. 2020

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[Technology Corner] Quantifying the Impact of a Precision Ag Pioneer

Precision ag pioneer Al Myers is a member of the Farm Equipment Shortline Legends Hall of Fame 2024 class. It’s been almost 35 years since the Ag Leader founder introduced the groundbreaking Yield Monitor 2000.

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