Top issues from top manufacturers
Top executives from leading farm machinery manufacturers met to discuss their thoughts on what’s next in agriculture and the issues that will affect the farming industry. Source: Farm Industry News The AEM Ag Executive Outlook was hosted by the Association of Equipment Manufacturers of the US during the National Farm Machinery Show. Panelists included the […]
Tax breaks help farmers go shopping
Driverless tractors and drones might not be on many farmers’ shopping lists just yet, but spending on new farm technology products has undergone a notable lift since tax breaks worth up to $20,000 were introduced last year. Source: Farm Weekly Business-related investments in gear valued at $20,000 or less – anything from farm computers and […]
ABARES forecasts a modest rise for farm production
The gross value of Australia’s farm production is forecast to pass $60 billion for the first time next financial year, according to the latest ABARES figures. Source: AFDJ eNews ABARES Executive Director, Karen Schneider said the expected modest rise in value was bolstered by improved prospects for livestock and cropping industries. “Total farm production is forecast […]
An Outlook for the ag sector
Outlook 2016 which is on from 1-2 March in Canberra, is a top information and networking forum for the public and private sector decision makers in the agriculture sector. Source: AFDJ eNews With more than 60 speakers and chairs at 18 sessions over two days, delegates will discuss key domestic and global issues affecting Australia’s agriculture sector. […]
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 […]