Weekly Digest

April 22, 2024

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New Holland Informs Dealers of Restructuring Details

In a letter sent to New Holland dealers on March 26, 2024, New Holland announced key changes to its structure as it relates to a larger CNH organizational restructuring. Read More

ONGOING COVERAGE: Baltimore Port Closure

According to an April 23 report from Farm Progress, Kevin Atticks, secretary of agriculture, says the current goal is to open a 35-foot-deep channel in the Port of Baltimore by the end of the month. 

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Dealers’ Planter Sales Forecasts Hit 5-Year Low for 2024

The percentage of dealers forecasting sales growth of 2% or more in planter sales for the year hit a 5-year low for 2024.

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[Technology Corner] Future of Drone Use in U.S. Brighter After FAA Regulation Change

Big news in the drone world — the Federal Aviation Administration recently granted Texas-based drone builder Hylio a regulatory exemption that will allow it to swarm its heavy-lift drones with only one operator in control. Read More

Shape of Things to Come for Farm Equipment Distribution?

The recent purchase of Kubota of Denver by the Bob Howard Luxury Auto Group has many industry watchers scratching their heads and pondering possible changes afoot in farm machinery marketing.

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Dealer M&A Activity: April 2024

This standing feature in the Ag Equipment Intelligence newsletter will catalogue notable dealership merger & acquisition activity since the previous newsletter. Read More

AGCO Reports $1.4 Billion in 2023 Tractor Revenue

According to AGCO’s 2023 annual report, the company brought in $1.4 billion in tractor sales last year, up 17.7% year-over-year.

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