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 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
This new standing feature in the Ag Equipment Intelligence newsletter will catalogue notable dealership merger and acquisition activity since the previous newsletter.
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.
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.
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.
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%.
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.
2023 marked the fourth straight record year for Ag Growth International (AGI). The Canadian shortline manufacturer reported its fourth quarter and year-end results on March 5.
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 episode of On the Record, brought to you by Benzi America, we take a look at results of the 2024 Brand Loyalty study. In the Technology Corner, we examine how USDA’s use of ag data raises privacy concerns. Also in this episode, a look at the ag equipment companies that made the Industry Week U.S. 500 report and JP Morgan analysts say the rate of decline in the ag industry is expected to decrease.