As Brazil’s Anfavea stopped releasing sales numbers by the end of last year, the market now can only rely on quarterly data divulged by the country’s National Federation of Distribution of Automotor Vehicle (Fenabrave).
After an increase of 7.3% from the 43,077 units sold in 2020, Brazil’s National Assn. of Automotor Vehicle Manufacturers (Anfavea) expects to get a similar growth in the sector of agricultural machinery in 2021.
The November numbers from Brazil’s Anfavea reveal that farm tractor sales in November dropped 16.3% year-over-year with 2,371 tractors commercialized during the month. Sales were also down 25.6% vs. October when 3,187 tractors were sold.
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In this week's episode we take a look at the latest Dealer Sentiments & Business Conditions survey, which shows used combine inventories reaching a record low. In the Technology Corner, Ben Thorpe discusses the findings of study done by the Assn. of Equipment Manufacturers, the American Soybean Assn., Crop-Life America and the National Corn Growers Assn., on the environmental benefits of precision ag technology. Also in this episode the House Ag Committee approves a $5.5B disaster aid bill that will put money in farmers' pockets, AGCO's second quarter net sales improved by double-digits and CEMA's general Business Climate Index shows European ag equipment industry sentiment dropped slightly in July.