AGCO has publicly stated its intention to pause equipment deliveries into the U.S. It manufactures some Fendt and Massey-Ferguson branded equipment in Germany and France, among other locations, for the North American market.
AGCO to pause equipment deliveries to the U.S
Details surrounding the pause in U.S. tariffs remains murky
Tractor, combine sales face downward trend
Sales of farm tractors and combines have declined over the last year in North America
Sales of combines are a handy gauge for farmer optimism. This winter, farmers weren’t feeling it.
SDF to build low-horsepower tractors under Massey brand
Agco and SDF partner to expand MF tractor offerings up to 85 horsepower
Agco announced Wednesday that it and Italy-based SDF (Same-Deutz-Fahr) have signed a supply agreement. SDF will build a low-horsepower range of utility tractors for Agco’s Massey Ferguson brand.
Canadian farm equipment sales projected to slump in 2025
Farm machinery sales are forecast to decline for the remainder of the year and into the next. New equipment sales are expected to be soft as farmers face low commodity prices, high equipment prices and lower profits, though the decline in 2025 is expected to be less severe than in 2024. Sales of 4WD tractors are projected to stay above the five-year average.
Combine market holding, for now
According to a recent news release from Alberta Agriculture and Irrigation, higher combine prices do not yet appear to have affected their sales in Canada.
Total mixed ration mixers go head to head at AIM
Ag in Motion attendees got an apples-to-apples comparsion across four total mixed ration mixers from different manufacturers.
Schulte combo wind-rower and rock-picker sparks interest at AIM
The Schulte Spartan RWP-1935 Rock Windrower Picker bring in rocks from a width of 19.19 feet wide with its hydraulically-driven wind rower, which is then connected directly to the rock picker with a three and a half cubic yard bucket.
The latest in aerial spraying: paragliders
The Stratus AirSprayer is different than the quadcopters and fixed-wing UAVs (unmanned aerial vehicles) typically associated with ag drones. Essentially, it’s a powered paraglider — one that can carry heavier loads and stay aloft much longer than conventional drones.
Deere cuts 2024 profit view as borrowing costs hurt demand
Executives expressed caution about margin performance amid weakening farm economy
Deere & Co cut its 2024 profit forecast on Thursday as farmers remained hesitant about big-ticket equipment purchases due to high borrowing rates and falling crop prices, even as its first-quarter sales and profit topped Wall Street estimates.
Ritchie Bros. raises cash payout in bid for IAA
Activist investor Starboard Value buys into Ritchie
Reuters — Canada’s Ritchie Bros. on Monday sweetened the cash component of its buyout offer for IAA Inc. by 28 per cent, valuing the U.S. auto retailer at US$5.94 billion, and also secured the backing of a key IAA shareholder which had questioned the initial offer. The latest cash-and-stock offer at $44.40 per share, will […] Read more
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