Farm equipment maker Mahindra Tractors reported a 71.91% rise in its total tractor sales in July at 12,850 units compared with 7,475 units in the same month last year.
AGCO reported net sales of approximately $1.8 billion for the second quarter of 2009, a decrease of approximately 25%, compared to net sales of approximately $2.4 billion for the second quarter of 2008.
CNH Global NV, which makes Case and New Holland tractors for farmers and builders, said had a loss in the second quarter as weak demand offset cost cuts and lower production.
In addition to Young's Equipment of Regina, Saskatchewan, and Bonneville and Madison County Implement, Idaho Falls, Idaho, being selected as Farm Equipment's 2009 Dealerships of the Year, four dealerships were also chosen as Best-in-Class dealers.
Yesterday, USDA issued its weekly crop progress report, and besides harvests being somewhat behind the 5-year average, there were no surprises to indicate anything but a big year for production.
Total U.S. agricultural machinery exports for first quarter 2014 totaled $2.185 billion compared to $3.04 billion in the first quarter of 2013 a decline of 28.1%, according to the Assn. of Equipment Manufacturers (AEM), citing U.S. Department of Commerce data.
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.