Euro market a vision of contrasts
The decline in sales of arable farm equipment in Europe slowed down in 2016 and is expected to come to a halt this year. Source: AFDJ eNews According to provisional calculations, sales in 2016 totalled EUR 3.33bn, a decrease of -2% compared with 2015. For 2017, the industry believes the market will stabilize once again […]
NAB that niche for agtech finance
Australia’s largest bank lender to the farm sector has seized on the emerging opportunities and synergies available to the financial services sector as new technologies and innovations change the face of agriculture. Source: The Australian National Australia Bank, which lends about one third of all agricultural debt financing in Australia and controls a loan book of $20 billion, […]
JCB goes F1 racing
JCB is entering into a partnership with Williams Martini Racing ahead of the 2017 season which will offer the company immense opportunities to promote its brand around the world. Source: AFDJ eNews As part of the partnership agreement, JCB branding will appear on the Williams Mercedes FW40 chassis and rear wing end plate from the start […]
AGCO to acquire Lely
AGCO announced that it has reached agreement in principle to acquire the forage division of Lely Group. Source: AFDJ eNews Lely’s forage division is a leading manufacturer of balers and loader wagons in Europe. The transaction is subject to regulatory approval and is expected to close in the fourth quarter of 2017. Furthermore, the process for employee consultation will now […]
EU AG vehicle accidents priority actions
Compared with accidents with other vehicles, the number of on-road accidents with agricultural vehicles in the EU is low. Source: AFDJ eNews The risk of being involved in an on-road accident is lower (-82%) per hour worked for new tractors (<13 yrs. old) than for old ones. With 56% of all road accidents with tractors […]
John Deere partners King Agro for carbonfibre parts
John Deere’s exclusive partner King Agro has opened a new facility at Picassent, near Valencia in Spain. Source: AFDJ eNews This is dedicated to the production of the revolutionary carbonfibre spray boom introduced last year on the new R4050i self-propelled sprayer. Representing an investment of over €8 million by the company, the new plant will work alongside an existing factory at Campana in Argentina […]
Sales top $1b for Australian ag equipment
Sales of agricultural equipment in Australia are now comfortably topping $1billion a year and February saw the continuation of what promises to be another landmark according to Gary Northover Tractor & Machinery Association of Australia executive director. Source: The Weekly Times Tractor sales for February fell just short of the 1000 unit mark in what […]
Case IH locals keep business humming along
Western Australia is home to a number of Case IH dealerships, three of which stand, not only for their dedication to their customers, but due to the proud histories they share with their local communities. Source: AFDJ eNews For Farmers Centre (1978), Boekeman Machinery, and Purcher International, when the going got tough, all three dealerships […]
Government safety rebates grow side x side market
On the back of SafeWork NSW announcing a doubling of its safety rebates for farmers to transition from an ATV to side x side vehicle last week, Polaris has hailed the safety rebates offered in New South Wales and Victoria as “monumentally successful” and a key driver in the staggering growth of the side x […]
Two JCBs awarded at SIMA
Two of JCB’s newest and most innovative products have been named as Machines of the Year for 2017 at one of the world’s leading agricultural shows. Source: AFDJ eNews The 8000 Series JCB Fastrac received the award in the 280-400 hp tractor category and the JCB Agripro Loadall telescopic handler secured the accolade in the […]