Aussie tractor sales bubble to burst
Tractor sales are on the up but industry experts warn the bubble could burst this year. Last year, tractor sales rose 10 per cent, to 11,500 units, giving Australia five consecutive years of more than 10,000 units sold each year. Source: The Weekly Times Now Agribusiness experts said the growth showed the strength of the sector and the […]
Ag White Paper sets direction for RD&E
The Coalition Government has moved to strengthen the targeting of rural research, development and extension (RD&E) funding towards on-farm technologies and practices that deliver farmgate returns with the development of clear farmer, fisher and forester‑oriented RD&E priorities. Source: AFDJ eNews Minister for Agriculture and Water Resources, Barnaby Joyce, said updating these priorities was an Agricultural […]
Sonalika double take to 2020
Sonalika International Tractors aims to double its revenue, which stands at US$660 million by 2020. Source: The Economic Times India The company, which produces tractors between 20hp to 120hp, is among the top three tractor manufacturers in the country with a market share of around 12%. “The continuous trust of our patrons has made us one of the fastest growing tractor manufacturing companies […]
AGCO reports on annual sales
AGCO has reported net sales of approximately US$2.0 billion for the fourth quarter of 2015, a decrease of approximately 21.2% compared with net sales of approximately US$2.5 billion for the fourth quarter of 2014. Source: AFDJ eNews “In the midst of challenging market conditions, we worked aggressively in 2015 to better align our costs and […]
Major job cuts for de Bruin Group
A major part of the workforce has been made redundant at de Bruin Engineering at Mount Gambier in the south-east of South Australia. Source: ABC News The de Bruin Group, one of the regional city’s biggest companies, said the 21 workers to go were most of the staff at its engineering subsidiary. It blamed tough conditions in the […]
Acute market report on ag machinery growth
According to the latest Acute Market Report the global agricultural machinery market valued at US$152 billion in 2014 is expected to reach US$267 billion by 2022 growing at a compound annual growth rate of 7.3% between 2014 and 2022. Source: Acute Market Reports Factors such as rising demand for advanced machinery, increasing mechanization of farming […]
Buhler turnover drops
Canadian Buhler maker of Versatile tractors and Farm King equipment has reported a revenue for the year was CA $245.7 million, down CA$79.8 million from CA$325.5 million reported in 2014. Source: AFDJ eNews According to the company weak commodity prices and the unstable political environment in Eastern Europe contributed to reduced sales levels. Sales in […]
AGCO Africa Summit signs MOA
AGCO held its fifth annual AGCO Africa Summit in Berlin, Germany. The Summit is a joint initiative of AGCO, Bayer CropSci ence, Rabobank and De Lage Landen. Source: AFDC eNews The 2016 Summit focused on transforming agriculture in Africa through inclusive and sustainable growth. “Africa’s agricultural revolution needs to accelerate to increase local food security […]
MF tractor for city slickers
Farm machinery brand Massey Ferguson is continuing to support the Collingwood Children’s Farm in suburban Melbourne with the loan of another new tractor. Source: AFDJ eNews The latest model, a bigger 82hp MF4708 Global Series tractor replaces the current 68hp MF3600 Series tractor that was first offered to the community farm back in 2013 to assist with the heavy duties around the […]
Reshaping Vic water connections project
Work to reshape the second stage of the most significant irrigation infrastructure upgrade in Victorian history, the Goulburn-Murray Water Connections Project Stage 2, continues to advance. Source: AFDJ eNews Minister for Agriculture and Water Resources, Barnaby Joyce, and Victorian Minister for Environment, Climate Change and Water, Lisa Neville, said since mid-December 2015 more than 200 irrigators and other key […]