John Deere announced its financial unit in Brazil had collaborated on a new entity named InovaBra. The ownership of the new unit will be shared with Bradesco, one of the largest retail banks in the country.
Brazil’s Agriculture Minister, Marcos Montes, announced during a government event in May the resources for the Crop Plan, the government program that subsidizes farm investments, during the 2022-23 season.
The Brazilian government announced it will start free registration of agricultural machinery vehicles in October. According to Brazil’s Agriculture Ministry, the registration will be completely free, and it aims to increase safety and security.
The agricultural fair known as the kick-off for the end of the soybean harvest in the Brazilian state of Rio Grande do Sul is also recognized for featuring the latest technologies, an opportunity for farmers to test-drive the combines and sign the contracts if they like the innovations they have seen.
John Deere announced in February the launch of its DB MaxEmerge 5e planter in Brazil. The planter is added to a portfolio that already had the ExactEmerge and MaxEmerge 5 models, but now the company says it offers its “intermediary” version of the machine.
Even in a year with uncertainties brought by the war between Russia and Ukraine or new variants of the coronavirus, Brazilian representatives of agricultural machinery manufacturers are optimistic and believe 2022 sales will beat 2021.
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In this episode of On the Record, we take a closer look on AGCO’s unfinished inventory, which is the highest it’s been in 2 years. In the technology corner, we take a look at Precision Planting's new tools for automating soil sampling. Also in this episode, the results of a Farm Equipment poll on OEM new equipment lead times and an update on the UAW-CNH strike.