Irish farm publication Agriland is reporting that tractor registration data released by the AEA (Agricultural Engineers Assn.) in the UK show that 862 new tractors (over 50 horsepower) were sold during August.
The new EU regulation is actually a set of new machinery standards, and it went into effect Jan. 1, 2016 though it wasn’t extended to all new tractors put on the market (regardless of whether they were new or used) until the beginning of 2018.
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In this week's program, we share one analyst's 2019 outlook for Deere & Co. and Titan Machinery in addition to Deere CEO & Chairman Samuel Allen's concerns over the lasting impact tariffs could have on U.S. farmers. We also discuss Ag-Pro Companies expansion into Ohio and the dealership's rapid growth since 2014. Also in this episode: technology lessons from the auto industry, changes in farm profits and farmers' income and an improvement in producers' interest in making large investments, like machinery.