Ag Equipment Intelligence

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June 2021

Volume: 27
Edition: 6

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.

  • Table of Contents

    Table of Contents

    Deere-&-Co-Net-Sales-&-Revenues-—-2Q21.jpg

    John Deere Reports $12 Billion in 2Q21 Sales, Up 30% YOY

    John Deere reported net income of $1.8 billion for its second quarter ended May 2, 2021, compared with net income of $666 million for the same quarter last year. For the first 6 months of the year, net income attributable to Deere was $3 billion, up from $1.2 billion for the same period last year.


    Read More
    Dealer-Precision-Farming-Revenue-Growth-Comparison-—-2019-21.jpg

    Dealers Remain Positive on Precision Revenue Growth for 2021

    In a year when dealers are facing inventory shortages from wholegoods down to parts — including their precision offerings — their outlook for precision revenue in 2021 is largely positive. 


    Read More

    Doosan Bobcat Invests in Telescopic Handler Sales Growth

    The launch of a new R-Series range of compact and full-size telescopic handlers marks the beginning of Doosan Bobcat’s campaign to double its sales of these machines into worldwide agricultural and construction markets over the next 5 years.


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    Ag Equipment Manufacturers — 2020 Executive Compensation

    In its most recent list, Ag Equipment Intelligence has gathered financial data from the filings of the ag industry’s key publicly-traded manufacturers and compiled its own list of these companies’ executives’ compensations. 


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    AGCO Power Invests in Production & New Engine Family

    Plans are being laid for the launch of a new AGCO Power engine family by the end of next year now that the powertrain operation’s headquarters unit in Finland has completed a two-year program of investments worth more than $128 million.


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    Ag Sales Remain Robust in May

    Growth accelerated for large ag equipment sales in May, while small/mid inventories fell despite moderating sales growth in a seasonally strong month. 


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    Argentina’s Ag Machinery Revenue Jumped 93.4% in Q1

    Argentina’s National Institute of Statistics and Census (Indec) recently reported agricultural machinery sales in the country during the first quarter totaled AR$ 25.27 billion ($266 million). This is 93.4% higher compared to the same quarter of 2020.


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    Brazilian Ag Industry Sees More Sales Even Amid Uncertainty

    Several industry representatives expressed their concerns about the lack of resources released by Brazil’s federal government since last year. However, many of them are optimistic due to the high commodity prices and strong demand for exports.


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    Brazil: Mahindra Seeks New Dealership Partners

    After growing sales by 39% in 2020 over 2019, Mahindra has announced it will seek new partners for dealerships in Brazil to fill the current demand. In the first quarter of 2021, the sales jumped 34% compared to the same quarter of last year.


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  • Featured Articles

    Featured Articles

    Deere-&-Co-Net-Sales-&-Revenues-—-2Q21.jpg

    John Deere Reports $12 Billion in 2Q21 Sales, Up 30% YOY

    John Deere reported net income of $1.8 billion for its second quarter ended May 2, 2021, compared with net income of $666 million for the same quarter last year. For the first 6 months of the year, net income attributable to Deere was $3 billion, up from $1.2 billion for the same period last year.


    Read More
    Dealer-Precision-Farming-Revenue-Growth-Comparison-—-2019-21.jpg

    Dealers Remain Positive on Precision Revenue Growth for 2021

    In a year when dealers are facing inventory shortages from wholegoods down to parts — including their precision offerings — their outlook for precision revenue in 2021 is largely positive. 


    Read More

    Doosan Bobcat Invests in Telescopic Handler Sales Growth

    The launch of a new R-Series range of compact and full-size telescopic handlers marks the beginning of Doosan Bobcat’s campaign to double its sales of these machines into worldwide agricultural and construction markets over the next 5 years.


    Read More

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AEI_June_0621_Cover.jpg

Ag Equipment Intelligence

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.

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