In its 2Q23 earnings report released July 27, AGCO reported $704.1 million in sales of combines, application equipment and other machinery for the first half of 2023, a 65.7% year-over-year increase
Overall U.S. ag tractor unit sales gained in all but one segment. Total combine harvester sales in the U.S. are up, and in Canada, they were the biggest growth spot, as well.
In reporting its results for the first quarter ended March 31, 2023, AGCO said strong product demand has resulted in an elevated number of orders that could result in a 3-5% increase in production hours for 2023.
Large ag equipment sales rose 14.3% year-over-year in March, with robust growth in 4WD and combines more than enough to offset a modest decline in row-crop tractors, according to the latest data from the Assn. of Equipment Manufacturers.
Cummins has scored a significant win in the agricultural sector by securing a contract to supply B-Series engines for a new range of Claas combines understood to be heading to North America.
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In this episode of On the Record, New Holland Agriculture President Carlo Lambro talks about the future of the company's North America network. In the Technology Corner, Noah Newman takes a look at the recently award-winning One Smart Spray system.