Agriculture farmgate production on track to reach record $65.9 billion in 2020-21 season
Local agricultural production is on track for a record-breaking year, with an expected farmgate value of $65.9 billion in season 2020-21 that is helping to drive the nation’s recovery The Agriculture sector has made a dramatic turn-around now it has shaken off a three-year drought in many farming regions. This is an astounding result and […]
Farm Safety Rebate Scheme worth a handy $5000 in your pocket
Farmers in Victoria are the first to be offered a $5000 rebate to make sure their farms are operating safely. The Victorian Government (through Agriculture Victoria) has provided an opportunity to improve safety outcomes on farms with the establishment of the Farm Safety Rebate Scheme. Rebates of up to $5,000 excluding GST are available with […]
Kubota sales revenue rests at US$17.6 billion for 2020 while revenue growth for 2021 predicted to increase by 10%
At the end of 2020, the full year sales results for Kubota Corporation sat at a healthy US$17.6 billion, and while this was a decrease of US$640 million or 3.5% from the prior year, considering the COVID-19 pandemic it was a strong result. It was at the domestic level where an unexpected decreased of US$290 million […]
John Deere predicts full year earnings of almost US$5 billion in fiscal year 2021 from strong sales gains
If first quarter results are anything to go on, John Deere appears set for a strong sales result in fiscal year 2021 Net income of US$1.224 billion was recorded for the first quarter ended Jan. 31, 2021. Worldwide net sales and revenues increased 19% to US$9.112 billion. Equipment operations net sales were US$8.051 billion for the […]
AGCO realises benefit of the strong farm equipment market with $US2.7 billion in fourth quarter sales
With AGCO recording net sales of US$2.7 billion for the fourth quarter of 2020, it showed the strength in the farm sector when compared to the same quarter in 2019 a 8.1% gain was realised This good result took net sales for the full year of 2020 to US $9.1 billion, an increase of 1.2% when […]
CNHI chalks up solid sales revenue of US26 billion for the full year 2020
It was a great result for the full year 2020 for CNH Industrial with reported revenues of US$26 billion and adjusted net income of US$437 million as a result of a solid performance in the second-half of the year. Record positive free cash flow of Industrial Activities of US$1,926 million was reported in 2020, due to […]
Trimble revenue reached US$3.1 billion in fiscal year 2020 to show a 4% drop when compared to previous year
To show a 2020 fiscal year drop of only 4% to revenue of US$3.1 billion and a net income of US$389.9 million was seen as a good overall result for Trimble. Adjusted EBITDA was US$798.7 million, while operating cash flow was US$672 million, up 15% over the previous year. The fourth quarter results for Trimble were strong, with revenue of US$829.7 […]
Doosan Bobcat sales settled on US3.6 billion in 2020 for a 6.2% sales drop for the previous year
Highlighted in its latest earnings report, sales for Doosan Bobcat were down 6.2% in 2020 to US$3.6 billion, losing ground on the US$3.9 billion reported in 2019. Earnings before interest and taxes (EBIT) was US$334 million in 2020, an 18.4% decrease from the US$409 million in 2019. Net profit was also down in 2020, coming […]
Alamo Group achieves record sales of US$1.16 billion in 2020, up from US$1.12 the previous year
With acquisitions seemingly a vital part of the Alamo group structure the company continues to break its own net sales results year on year through the benefit of expansion. The full year of 2020 was no exception with US$1.16 billion recorded, a record for Alamo Group and up 4% compared to US$1.12 billion in 2019. […]
AGIC Asia conference 2021 to reach Asian feed and whole grain buyers
The Australian Grain Industry Conference 2021, AGIC Asia, will be held virtually in 2021 on Wednesday 3 March 2021. Registration closes soon, so register now at: https://www.ausgrainsconf.com/asia Click here to register for the event. AGIC Asia will feature a special session led by AEGIC on the benefits of Australian grains for animal feed, and the […]