AGCO Corp., the world’s No. 3 farm equipment maker, is facing fresh challenges in its push to expand in the U.S. as new tariffs raise costs on its largely Europe-based production, according to a report by The Wall Street Journal.
The tariff situation directly hits everyone at the FEMA Supply Summit. Even the few that are doing all U.S. business and with U.S. components will soon feel the impact of the steel tariffs. Most OEMs in attendance are sourcing key components or materials throughout the globe.
Dealers were more optimistic than one might expect regarding demand for used farm equipment. Over 60% of respondents said they believe the tariffs will result in either a slight or significant increase in demand.
In Q1 of fiscal 2025, Art's Way said it was still battling high interest rates and low row-crop commodity prices but is starting to see improvement in dealer equipment stock levels.
In the latest edition of the Economic Compass, Diane Swonk, chief economist and managing director of KPMG Economics, provides the following top 10 list of why economists dislike tariffs.
How well do you know your farm equipment news? Test your knowledge of recent ag industry updates for April 2025! Farm Equipment News IQ is brought to you with the support of Brillion Farm Equipment.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.