CNH Industrial first quarter results mark steep agricultural decline

As part of its first quarter 2020 financial results announcement, CNH Industrial noted worldwide agriculture industry demand was significantly down. Global demand for tractors was down 15 per cent and combines down 11 per cent. The demand slowdown for tractors in the month of March alone was some 36 per cent. In North America, tractor […]

UK tractor sales highest for three years

March 2017 saw the highest number of new tractor sales for three years, according to figures from the Agricultural Engineers Association in the UK. Registrations of agricultural tractors over 50hp reached 1770 units, which is 43.2% higher than in March 2016. The number of units sold over the first quarter of the year is now 3024 units, which is […]

NZ tractor sales ‘horrible’ but improving

New car sales – once a barometer of the rural economy – have been through the roof in the past three years. Before the removal of farm subsidies in the 1980s, this would have suggested that farmers were enjoying a great year, but that is no longer the case. Source: New Zealand Herald, The Country, Wanganui […]

Tractor sales for Australia

Following an outstanding 2016, sales of tractors experienced a considerable bump in January although much of this has been put down to an overhang from the pre-Christmas period according to Gary Northover, executive director of the Tractor and Machinery Association of Australia. Source: The Weekly Times The smaller under-40hp category dominated the month, up 52% on the corresponding month […]

High clearance MF tractors for the US

Massey Ferguson is introducing a high-clearance (HC) utility tractor to meet the needs of specialty crop growers in North America. Source: AFDJ eNews The Massey Ferguson 4610M High-clearance Utility Tractor delivers the crop clearance growers need to care for high-value crops such as berries, broccoli, potatoes, tobacco and many other types of produce without damaging the crop. The […]

Tips to buy farm machinery online

In the old days, say three or four years ago, producers would have jumped at the chance to buy a new high-horsepower machine. Today, the balance of the equipment market is tipped toward the supply side, meaning farmers have more options and can buy machinery from farther afield to get the best deal. Source: Agweb […]

Tractor sales bode well for New Zealand primary sector

Sales of tractors are remaining relatively buoyant, demonstrating a positive outlook in the primary industry, says NZ Tractor and Machinery Association President, Mark Hamilton-Manns. Source: AFDJ eNews Mr Hamilton-Manns said year-to-date (end of September) the total number of tractor sales was 2381 and this was on a par with 2012 (2,389) demonstrating that overall New Zealand’s primary industry […]

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). […]

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 […]

Vietnam sells shares of farm machinery company

VEAM Corporation, one of the biggest companies owned by the Ministry of Industry and Trade in Vietnam, is set to sell a 49% stake starting this month. Source: Thanh Nien News The Vietnam Engine and Agricultural Machinery Corporation, as it is formally known, will auction more than 167 million shares, or a 12.57% stake, in […]