Queen stops production at JCB
Production was paused at a JCB factory as the company said thanks to its workforce on winning one of the world’s most prestigious export awards. Source: AFDJ eNews JCB Compact Products in Cheadle won a Queen’s Award for International Trade for increasing exports by than 25% over three years. Production lines fell silent for around 15 minutes […]
Pressure on farmers for better equipment
A rapidly growing population and a subsequently rising demand for food has put pressure on farmers to equip themselves with the latest and advanced mechanized farming techniques. Source: AFDJ eNews, PRWire This has resulted in the increased demand for farm tractors in North America and Europe according to a report by Transparency Market Research (TMR). […]
EU should put the brakes on ABS
European Commission plans to force tractors to have anti-lock braking systems (ABS) are unnecessarily expensive for manufacturers and based on inaccurate analysis, EU farmers and machinery industry representatives have warned. Source: EurActiv In the EU, fast tractors reaching speeds above 60 km/h have been required to have anti-lock Braking Systems (ABS) installed since 2016. The European Commission now […]
CNH takes over Kongskilde
Case New Holland Industrial announced its agreement to acquire the agricultural grass and soil implement business of Kongskilde Industries, part of the Danish Group Dansk Landbrugs Grovvareselskab. Source: AFDJ eNews This business develops, manufactures and sells solutions for agricultural applications in the tillage, seeding and hay and forage segments under various brands including Kongskilde, Överum […]
GoGetta specialty finance advice
Born and bred in regional Kyogle, NSW, Brandon Kook grew up working on the land. His early years were spent around the property, and later on with his father on the family harvesting and baling business. Source: AFDJ eNews Last year, he decided that the baling side of the company needed specific attention, and so formed an offshoot […]
Jobs on offer but no takers
With the annual value of the New Zealand agricultural machinery industry put at a conservative NZ$1.3 billion, and agriculture a key driver of NZ’s GDP, you’d think it would be easy to recruit youngsters into the industry. Source: Rural News (NZ) The facts are the opposite: all land-based sectors report they are struggling to attract new entrants. The machinery/technology sector seems […]
Australian tractor sales are large
Australian tractor sales are being led by the larger end at present with sales in dollar terms now 10% up on an annual basis. Source: The Weekly Times The big ticket tractors above 200hp are experiencing boom conditions and the grain harvesters are getting set for a big season, up 11% for the month and […]
Comm Bank Agri Insights
The Commonwealth Bank has released its sixth Commonwealth Bank Agri Insights report and it shows one of the strongest results to date, with farmers intending to increase investment across the majority of aspects in their operations. Source: AFDJ eNews According the report nationally the Agri Insights index is sitting at 10.2 points, the second highest […]
Mahindra tractor growth 70%
Mahindra tractors has sold 29,035 units and registered a growth of 70% in the domestic market during September 2016. Source: AFDJ eNews Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the US$17.8 billion Mahindra Group, announced its tractor sales numbers for September 2016. Domestic sales in September 2016 were at 29,035 units, as […]
Deere outlook to improve in 18 months
Deere & Co was upgraded by a Wells Fargo & Co analyst who said the industry’s demand cycle will reach a bottom in the next year to 18 months. Source: Bloomberg That turnaround will mean improved sales volumes and margins in Deere’s fiscal 2017 and 2018, Andrew Casey said in a note, citing recent meetings with company executives. Mr […]