UK machinery sector points to upswing
The UK agriculture sector is, despite the “uncertainty” stemming from Brexit, starting to recover from a downturn fostered by weak commodity prices – at least, if the machinery sector is anything to go by. Source: Agrimoney Carr’s Group, the feed-to-engineering group, acknowledged the hit to sentiment in farming from the UK’s vote to leave the European Union, a departure which is […]
Backpackers tax a pain in the neck
The report from the Senate Inquiry into the Working Holiday Maker Reform package recommends the Coalition Government’s legislation to provide a 19% tax rate be passed to maintain Australia’s attractiveness to backpackers, and secure supplementary harvest labour for Australian farmers. Source: AFDJ eNews Deputy Prime Minister and Minister for Agriculture and Water Resources, Barnaby Joyce, […]
AGCO realigns Asia Pacific structure
AGCO has announced a realignment of its regional structure, which will see an increase in its on-the-ground presence in Africa and a further expansion of the company’s significant operations on the Continent. Source: AFDJ eNews The new regional structure will build on the significant progress that AGCO has made over recent years and further drive […]
Grays eyes ag machinery for profit boost
Cranes and trailers sold off by bankrupt mining contractors are proving a boon for auction group GraysOnline as it sells less consumer goods and focuses on machinery and equipment, targeting international buyers in Asia and the Middle East. Source: Australia Financial Review “I would like Grays to be to plant and machinery what Google is to search,” chief executive Mark […]
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 […]