The groundbreaking ceremony took place Oct. 22 at the company’s new location. Lely North America president Chad Huyser led the event, and the new campus expects to be open in the first quarter of 2022.
Lely Group turnover from sales of robotic milking and feeding equipment, and associated dairy herd management systems, bounced back with a vengeance last year. The company said it recorded a remarkable 46% increase in revenues over the 12 month period to the end of December.
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In this episode of On the Record, the latest Dealer Sentiments Report shows that dealers inventories of both new and used equipment are improving despite being too low. In the Technology Corner Noah Newman talks with Verdant Robotics plans to scale its fleet. Also in this episode, Titan Machinery reports record results for the third quarter of fiscal year 2023 and Farm Credit Canada forecasts tight machinery inventories well into 2024.