The general business climate index for the European ag equipment industry held its first significant upward trend in December since the sharp declines in the course of the Russian war against Ukraine.
In a fact sheet released July 14, the U.S. Department of the Treasury specified that there are no U.S. sanctions against "the exportation of agricultural equipment and spare parts to Russia."
On June 8, Bloomberg reported sales of all products to Russia from its normal trading partners — which accounted for one-half of all imports in 2021 — were down 40% in April.
According to a report from Observator, Kharkiv Tractor Plant, a Ukrainian tractor manufacturer that suffered bombing during the initial invasion of Ukraine, has announced it will move production to neighboring Romania.
Buhler Industries, manufacturer of the Versatile and Farm King ag equipment brands, released a list of answers on March 23 to frequently asked questions regarding the company's ownership and management.
Kuhn Group is on something of a roll with a generous investment program yielding 86 new machines introduced through 2021-22, with 20 alone being introduced in the coming year.
The Russian invasion of Ukraine, which began on Feb. 24, 2022, has caused a series of logistical problems for ag equipment manufacturers, dealers and farmers operating in the country.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk to a Solectrac executive about the company's search for a new investor. In the Technology Corner, Noah Newman talks about the majors' growing presence in the precision retrofit market.