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U.S. Market a Bright Spot for Poettinger as European Sales Dip

September 28, 2020 | Posted in Earnings Reports

A determined push to expand Poettinger agricultural equipment distribution in the U.S. appears to have paid off with a 46% increase in sales revenues reported for the company’s 2019-20 financial year.

U.S. Sales Surge Helped Lemken Maintain ‘Best Year’ Revenues

April 15, 2020 | Posted in Equipment & Equipment Sales

A 23% surge in tillage equipment sales to growers in the U.S. helped Lemken maintain 2019 revenues at the same level as in the prior year. Global sales reached €380 million ($410 million), making the 12 month period ended December 2019 equal to the best year ever for the German manufacturer.

U.S. Large Ag Sales Flattish in February

March 13, 2020 | Posted in Equipment & Equipment Sales

U.S. large ag retail sales were flattish year-over-year in February, while Canadian sales remained weak during a seasonally slow month.

December Big Ag Sales Increase 4%

January 15, 2020 | Posted in Equipment & Equipment Sales

U.S. large Ag retail sales increased 4% in December after a weaker November. Combined U.S. and Canada large ag declined 2%. “Canada declined more severely with large ag sales down 23.3%, the largest year-over-year decline since July,” said Mig Dobre, analyst for RW Baird, in his summary of sales for the month from the Assn. of Equipment Manufacturers.

Softer Int’l Business Impacts Titan Machinery’s 3Q20 Sales, But Ag Up 2%

November 26, 2019 | Posted in Earnings Reports

Titan Machinery, CNH Industrial’s largest retailer of farm and construction equipment, reported overall revenues in its third quarter of fiscal 2020 were flat vs. the same period of the prior year. Total revenue during the period was $361 million compared to $361 million in the third quarter of fiscal 2019.

U.S. Large Ag Up, Canada Still Soft

October 24, 2019 | Posted in Equipment & Equipment Sales

U.S. large ag equipment retail sales rose 14% in September for the second consecutive month following double-digit declines in both July and June, according to sales figures released by the Assn. of Equipment Manufacturers.

U.S. Big Ag Sales Rebound in August

September 16, 2019 | Posted in Equipment & Equipment Sales

Sales of large farm machinery sales posted double digit gains in August, but Canadian sales remained soft, according to the latest figures released by the Assn. of Equipment Manufacturers.

Kubota Reports Increased Ag Equipment, Engine Sales in First-Half 2019

August 7, 2019 | Posted in Earnings Reports

Kubota has reported a more than 7% increase in consolidated group revenues from tractor, farm equipment and engine sales in the first half of 2019, reflecting a similar increase generated across all product and service activities of Y64.6 billion ($610 million) to Y970.8 billion ($9.1 billion).

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Nearly Two-Thirds of Farmers Identify as ‘Brand Loyal’

In this episode of On the Record, brought to you by Benzi America, we take a look at results of the 2024 Brand Loyalty study. In the Technology Corner, we examine how USDA’s use of ag data raises privacy concerns.

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