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South American News: May 2023

May 15, 2023 | Posted in Ag Equipment Worldwide, Dealers & Dealerships, Mergers & Acquisitions

Read this month's South American News stories:

AGCO to Expand Production Capacity in Brazil
SLC Maquinas Buys 9 John Deere Dealerships in Brazil
Vamos Group Purchases 6 Valtra Dealerships
Horsch Inaugurates Factory in Brazil
John Deere Improves Market Share in Argentinian Market

AGCO & Hexagon to Expand Distribution of Hexagon’s Ag Guidance Systems

April 25, 2023 | Posted in Ag Equipment Business

The new guidance system will be sold as Fuse Guide on Massey Ferguson and Valtra tractors.

South American Ag Equipment Intelligence: April 2023

April 15, 2023 | Posted in Ag Equipment Worldwide, Dealers & Dealerships

Brazil’s Ag Machinery Sales Drop 11.4% in February
Argentina’s Ag Machinery Sales Fall Over 20% in February
Brazil: Combines Account for 34% of All Ag Machinery Insurance Claims
Mahindra Reports Tractor Orders Up 40% in Brazil

Survey: Over 50% of Brazil’s Ag Machinery Fleet is Over 10 Years Old

February 16, 2023 | Posted in Ag Equipment Worldwide, Earnings Reports

AGCO Reports Record South America Revenue, WIP Inventories in 2022

February 16, 2023 | Posted in Ag Equipment Business, Data & Trends

AGCO reported its earnings for the full year 2022 on Feb. 7, showing a record $12.65 billion in total revenue, $2.12 billion in South America revenue and $369.8 million in “work in process” (WIP) inventories.

Parts Distributor to Open 5 New Units in Mato Grosso

December 15, 2022 | Posted in Ag Equipment Worldwide

Rech, an agricultural machinery parts distributor, has announced an investment of over $1 billion in the Brazilian state of Mato Grosso.

Delays in Equipment Deliveries Still Reported in Brazil

November 15, 2022 | Posted in Ag Equipment Worldwide

For a dealership located in Cascavel, Brazil, one of the major Brazilian agricultural states, prompt delivery of machinery has not been seen since the pandemic started.

Stara’s New Factory Will Add 200 Workers

October 15, 2022 | Posted in Ag Equipment Worldwide

Brazilian farm equipment manufacturer Stara started construction on its second factory in Santa Rosa, Rio Grande do Sul, in 2021 and is now nearly two-thirds complete.

Construction Progresses at New Jacto Factory

October 15, 2022 | Posted in Ag Equipment Worldwide

Jacto has entered the third and final stage of the construction of its new factory in Pompeia, in the state of Sao Paulo, Brazil.

Second Crop Corn Harvest Hits Record in Brazil

September 15, 2022 | Posted in Ag Equipment Worldwide

Brazil’s National Supply Company (Conab) has updated its projection for the second corn crop output in August as it approaches the end of the harvest.

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Deere’s Population of 20-Store Dealers Has Doubled Since 2019

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Deere Reports Rising Large Ag Price Realization, Lower Production Costs

In this episode of On The Record, we examine Deere’s Population of 20-Store Dealers On the Rise. In the Technology Corner, we take a look at Carbon Robotics Developing New “Thinning” Function for LaserWeeder. Also in this episode: AGCO & Kubota Sign Right to Repair MOUs, Deere Reports Rising Large Ag Price Realization - Lower Production Costs and Dealers’ Most Pressing Concerns.

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