Ag equipment sales growth accelerated sequentially in December, and inventories began to recover in 2WD categories but remain near trough levels for 4WD tractors and combines, according to analysis from RW Baird Senior Research Analyst Mircea (Mig) Dobre.
Forest River Farms in Forest River, N.D., has filed an antitrust lawsuit against Deere & Co. over what the case claims to be a “monopolization of the repair service market for John Deere (“Deere”) brand agricultural equipment with onboard central computers known as engine control units, or ‘ECUs.’”
The total sales of agricultural machinery in Argentina grew by 82% to a value of AR$ 49 billion ($481.8 million) in the quarterly annual comparison, according to data released by the country’s National Institute of Statistics and Census (Indec).
Growth in both ag tractors and combines continues in the U.S., while a slowdown in combines in Canada brings overall unit sales slightly below 2020 north of the border, according to the latest data from the Assn. of Equipment Manufacturers.
Large ag equipment retail sales showed solid growth in September, despite the fact that comparisons continue to get tougher and inventories remain below last year, says Mircea (Mig) Dobre, senior research analyst with RW Baird.
Data released by Argentina’s National Institute of Statistics and Census (Indec) reveal that the sales revenue of agricultural machinery increased, but only in nominal terms. This means that sales were only up due to the high inflation in the country.
Prospects for dealers and machinery manufacturers at the beginning of last year looked less than promising as far as tractor sales were concerned as the slide in demand experienced through 2019 continued into the first four months of 2020.
Pushed by strong demand of producers, favored by higher international commodity prices, the Argentinian Chamber of Agricultural Machinery Manufacturers (Cafma) reports that the sector has committed 99% of the orders that will take place until the end of the year.
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In this week's episode we look at how ag equipment manufacturers compare to other machinery sectors in their recovery. In the Technology Corner, Michaela Paukner looks at how the massive “all-in-one” machine by NEXAT handles every work step in production agriculture, including soil cultivation, sowing, crop protection and harvesting. Also in this episode: a number of dealers are making acquisitions in Dealers on the Move, Deere acquires battery technology provider Kreisel Electric and Ben Thorpe examines how the major OEMs' R&D expenses compare to their ag sales.