Data from Statistics Canada on Canada’s agricultural implement manufacturing industry (NAICS 33311) reveals that 77.5% of all Canadian ag implement manufacturing exports went to the U.S. in 2021.
Titan International has entered into a definitive agreement for the sale of its Australian wheel business, to OTR Tyres, a local leading national tire, wheel and service provider. The closing date is expected to be Thursday, March 31, 2022.
Instead of tilling or plowing the soil, no-till involves seeding through the prior crop’s standing residue. Weed control is accomplished primarily through herbicides.
The Australian government’s willingness to financially support agriculture (and other industries requiring heavy equipment) played a large part in the country seeing exceptional sales of tractors and other machinery in 2021 despite ongoing supply challenges.
According to a report from Bloomberg, Deere has plans to expand its presence in Australia and New Zealand, including an increased focus on precision agriculture.
The first waves of commercially available autonomous farm equipment are starting to appear on farms in Canada and Australia, and farmers are reporting immediate benefits.
Australian farm machinery dealers are experiencing contrasting fortunes as some see improvement on last year’s reduced volumes while others record a continuing decline in orders.
National tractor sales in Australia ended a 5 year run of growth in 2018, ending 4.1% down on the prior year as buoyant business in some areas was more than offset by big declines in drought stricken eastern estates, according to the country’s national machinery trade body.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk about the 10-year trend for dealer wholegood revenue forecasts, Titan's third quarter earnings for fiscal year 2024 and the next steps for spray drone technology.