A confluence of factors — from rising ag commodity exports to China, to lower crop production estimates and increasing demand for meat — are converging to paint a more optimistic picture for ag equipment sales than the industry has seen in recent years.
The ultimate impact of spring floods throughout much of the Midwest and Corn Belt won’t be known until at least harvest time. As a result it’s difficult to assess how it will affect farm equipment sales, but so far, it’s giving a boost to corn prices. One thing known, for sure, is the impact of the flooding is still being felt in many areas.
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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.