The dramatic growth of emerging markets such as China, India and Brazil; strong crop prices; and the potential for a U.S. economic recovery continue to boost the prices of agricultural equipment manufacturers.
Kioti Tractor recently hosted a top management team from Daedong Industrial Company, Ltd. of Seoul, South Korea, parent company of the North American tractor company.
While commodity economics remain a bit "iffy" going into the last half of 2010, the trend toward higher prices along with lower farm inputs are pointing to a good potential for strong equipment sales through year end.
Earth has done an ecological about-face: Global plant productivity that once flourished under warming temperatures and a lengthened growing season is now on the decline, struck by the stress of drought.
World demand for agricultural equipment is forecast to rise 4.5 percent per year through 2014 to $124 billion, according to a new study from The Freedonia Group Inc.
Exports of U.S. agricultural equipment have increased each quarter of 2010, with midyear shipments totaling $4.9 billion, a gain of 4 percent compared to January-June 2009, according to the Association of Equipment Manufacturers (AEM). The AEM off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into global trend reports for members.
Today's Presidential signing ceremony of the "Manufacturing Enhancement Act of 2010" is an important recognition of America's need to improve manufacturing jobs. While we applaud the bill, it is only one small step to leveling the playing field for equipment manufacturers that seek to export American-made products for the benefit of our nation’s economy.
For the first time in more than two years, the overall index for the Rural Mainstreet economy was above growth neutral 50.0 for 2 consecutive months, according to Creighton Univ.’s latest surveys of bank CEOs in a 10-state region.
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.