The disputes have lowered farm incomes in North America — reducing the ability of farmers to buy new equipment — while having also increased manufacturing costs, making equipment more expensive.

WHY IT MATTERS: Aggressive U.S. government economic actions in 2025 reduced corporate profits across the agricultural equipment sector.

The imposition of countervailing tariffs on U.S. soybean sales caused a major income loss for U.S. farmers. Chinese tariffs on Canadian canola depressed some farm incomes here. Agricultural Manufacturers of Canada, which represents Canadian ag equipment manufacturers, estimates the sector saw a 30 per cent sales decline over 2025 as a result.

The Association of Equipment Manufacturers (AEM), which tracks tractor and combine sales, shows sales were down in both the U.S. and Canada.

In two-wheel drive tractors above 100 horsepower, the U.S. saw a dramatic overall sales decline of 22.6 per cent for the year. Four-wheel drive tractor sales declined 41.6 per cent and combine sales fell 35.6 per cent.

The picture in Canada was a little brighter, but still showed softer tractor sales. Hundred-plus-horsepower tractor purchases fell 12.1 per cent; four-wheel drives, 23 per cent. But combine sales grew about three per cent.

All of this happened as the farm equipment industry was already near the bottom of a demand cycle, with sales already slow going into 2025.

With Chinese tariffs on canola slated to return to more normal levels, Canadian farm income is likely to improve in 2026 — assuming weather events aren’t a factor.

In the U.S., the government has promised a second bailout to mitigate reduced incomes from trade disruption caused by the Trump administration, so there is some optimism for improving sales conditions in 2026.

But as U.S. President Donald Trump’s administration maintains an aggressive posture toward imposing sanctions and tariffs on an apparent whim, as well as threatening military action toward historic allies, it’s anyone’s guess how the GDP of western nations will be affected. Farm incomes will be caught in that web.

Bottom lines

It is clear, however, that ag machinery brands will continue to face reduced margins in 2026. John Deere, for example, estimated mid-year in 2025 that tariff costs would add US$600 million to its costs for that fiscal year. It expects that problem to continue into 2026.

Much of Agco’s product line is built outside of North America and imported, making those machines subject to significantly higher tariff rates than machines built in the U.S.

Agco CEO Eric Hansotia said earlier in 2025 that the company would try to reduce the effect on imported equipment sticker prices by averaging tariff costs across its entire product line.

All brands in the machinery and automotive sectors are facing similar cost increases.

A statement by AEM said tariffs on steel and aluminum alone would impact U.S. manufacturing costs for brands by about seven per cent. That almost certainly means farmers will continue to face higher sticker prices on future machinery purchases.

Adding further uncertainty to equipment sales in 2026 is the upcoming renegotiation of the Canada-U.S.-Mexico Agreement (CUSMA).

During a visit to a Ford assembly plant in Michigan in January, Trump said of the CUSMA agreement, “There’s no real advantage to it. It’s irrelevant,” putting its future in jeopardy.

More recently he added: “If Canada makes a deal with China, it will immediately be hit with a 100 per cent Tariff against all Canadian goods and products coming into the USA.”

That would violate the existing CUSMA agreement.

Ignoring trade agreements, though, has become standard fare for the president. This past week, he said he would unilaterally change a trade agreement with South Korea, upping the tariff rate to 25 per cent, simply because the legislative process there hasn’t ratified the deal quickly enough to suit him.

All this means no agreement with the U.S. can be considered firm and binding as long as the current U.S. administration remains in power. It will only remain in force until the president decides it isn’t.

The U.S. is now arguably the least reliable trading partner on the globe. That means how ag equipment sales will shake out this year is far from certain. Under the current U.S. administration, manufacturers’ costs and market access going forward are completely unpredictable.

The post Farm equipment market unlikely to pick up appeared first on Grainews.

Canada is one of the featured three countries, along with France and Czechia, with specific events and free admission on Nov. 12, International Farmers Day. There will also be record numbers of Canadian exhibitors at the show in Hanover, Germany from Nov. 9 to 15.

Why it matters: Canada is working to diversify its trade away from the United States and Agritechnica is a place for equipment makers to work on that goal.

There will be about 50 Canadian companies among the more than 2,700 at the show. Many of them, however, will be new to the show and will be clustered in three places.

The Agricultural Manufacturers of Canada (AMC) will host the official Canada Pavilion, in Hall 5.

This is the first time the AMC will exhibit at Agritechnica, says Donna Boyd, president of AMC.

“Given all that is going on in the world with tariff instability and other pressures on our sector, we wanted to be sure that aim see members have the opportunity to be there to benefit from all the exposure that Agritechnica offers and to be able to support them through having the first-ever Canada pavilion,” she says.

Versatile will be the anchor exhibitor at the Canada Pavilion but will be joined by seven other companies.

There will be two other areas featuring multiple Canadian companies in areas supported by the Saskatchewan (Hall 12) and Manitoba governments (Hall 6).

Other, long-established, international players from Canada, like MacDon, will have their own usual displays.

Boyd will be part of a panel discussion on Nov. 12 on the topic of import tariffs and the role agreements like the Canada-EU Trade Agreement (CETA) play in agricultural trade. Jason Friesen, a farmer from Saskatchewan, will be on a panel on Monday, Nov. 10, looking at efficient and smart farming systems on three continents.

Student experiences

AMC is bringing along 11 students from the Edwards School of Business at the University of Saskatchewan who will be partnered with a Canadian company to learn about no only agriculture manufacturing, but the excitement that comes with the world’s largest farm machinery show.

“It’s all part of our Careers In Ag program, just trying to open people’s minds about the tremendous number of opportunities that are available in our sector,” says Boyd.

Agritechnica features 23 large buildings of displays and attracts about 400,000 people from around the world over the week of the show. It is run every two years by DLG, which runs farmer events around the world including the Canadian Dairy Xpo and the American Dairy Xpo.

Watch for our coverage of Agritechnica during the show and afterward here.

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Getting an education while growing up on the farm was just part of the package. I only realized it had happened later on in life during my first off-farm job as a carpenter. My boss had rented a telehandler loader for a job and announced I’d be driving it because “You’re a farm kid, you can figure it out.” I didn’t think twice, hopped in and sure enough I had it figured in less than a minute. After that I began to pay attention to the wide array of skills I’d acquired outside of the public school system. Even now, as I’m about to turn 40 years old later this year, I’m noticing abilities I have that I learned on the farm.

The learning environment on our family’s farm was learn-by-observation, followed quickly with learn-by-doing. I’m pretty sure it’s the same on most other farms. The many hours riding buddy with my dad or opa in a tractor was the observing part. I was mesmerized by the spinning augers of the pickup header or the way the soil would be thrown by a cultivator shovel. I connected the dots from a lever pull in the cab to the shifting equipment outside the cab or how subtle changes in crop density would be reflected by engine noise, indicating the driver should make an adjustment. Furthermore, I was learning the spatial awareness required to maneuver a sometimes 120-foot-wide implement through a field. I was soaking it all in, learning everything I could through observation.

I was also receiving instruction while I rode along. My dad would tell me specific things to watch out for and show me specific subtleties of each piece of equipment. There were certain ways he preferred to drive and he expected me to operate similarly when I would eventually take over. In other words, there were preferred ways and less-preferred ways to operate the equipment.

Stage two, learn-by-doing, came quickly for some jobs and only later on for the more high-stakes tasks. I can’t remember how old I was when I began cutting grass but, the stakes were relatively low, so perhaps around 10-years-old. With my observational knowledge and a few instructions, I jumped on the lawn tractor and started mowing — slowly at first, and as I gained confidence, the speed increased. Dad would give feedback, then when it was time to mow again, I would make those adjustments. I made mistakes but the grass always grew back so it was never a big deal. One time I did drive over a water spigot and that was a bigger deal!

As I grew in age and experience, higher-stakes jobs became available. That meant mistakes could lead to costly repairs or delays. I would take what I’d already learned and apply that to the next responsibility, compounding my skill set. It wasn’t long before I was able to operate all the equipment, in some cases before it was legal to do so (driving a tractor-trailer unit to and from the field on dirt roads when I was underage, for example). As my experience continued, learning to do new tasks or drive new equipment required fewer hours of training. By the time I went to work off-farm, jumping in a completely new-to-me tractor on a job site and figuring it out was easy because of my farm education.

The focus throughout all of my learning on the farm was on specific tasks or jobs that needed to be done. Not much attention was given to other skills required for employment such as communication or conflict resolution. We just interacted with each other the way we knew best. I observed how my parents interacted with me, my siblings, their friends, each other and their parents. From birth I developed patterns and habits of communicating. The learn-by-observing and learn-by-doing stages were combined; they are for everyone.

Shifting stakes

In any business, communicating can be complex. In a family business, it is always complex. Most of our attention was given to the operational side of the farm business. In the summer months there wasn’t enough daylight to get everything done. In the winter months our time was filled with all the work we didn’t get to in the summer. We didn’t take the time to consider the relational side of the farm. It didn’t occur to us that communicating had high stakes — that errors in family relations could be just as costly as running a sprayer boom into a power pole.

I’m not casting blame on anyone; learning relational skills like healthy communication is difficult and awkward. They are also easy to overlook when so much of farming requires timely, high-priority operational tasks. Farmers can “get by” for a long time without having to think about relationships. I only came to realize much later in life that each of my family members and I had a preferred way we liked to be communicated with. I learned that when I read a book about personality styles.

Learning how to become a healthy communicator or how to resolve conflict may be difficult, but it isn’t impossible. The environment I grew up in and described to you was rich with skill development. We were all learning, day in, day out — using our mistakes as opportunities to further develop our abilities, evaluating our processes to become more efficient. I’m sure your farm isn’t any different. We can all learn to do just about anything. Start small and make little improvements. Compound your skills and apply them to higher-stakes conversations and make even more improvements. Don’t worry, you will fail, but everybody does; it’s the best way to learn.

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Additional and sometimes confusing information began to slowly filter out from the U.S administration later in the day.

A ‘monkey with a machine gun’

“It’s like a monkey with a machine gun, they’re going in all different directions,” said Automotive Parts Manufacturers’ Association president Flavio Volpe during a televised interview on CBC the next day. “The fact they don’t understand this or don’t care is going to crash the U.S. auto sector.”

The belief this tariff would seriously harm the auto industry in all three countries was reiterated by University of Toronto professor Dimitry Anastakis, who spoke on an Energy Media podcast on Thursday.

“This is going to go down as one of the greatest own goals in economic and policy history. This is crazy.

“The auto industry is one of the most competitive and difficult industries in the world in the best of times. When you add in that we’re trying to make this transition from an ICE (Internal Combustion Engine) to EV (Electric Vehicle) future and face competition like China, which is already so far along, to turn around and disrupt and insert so much chaos into the North American sector when legacy manufacturers like Ford and Stellantis are just trying to catch up is asinine.”

According to Cox Automotive’s senior economist Jonathan Smoke, who spoke on an industry insights and sales forecast call, the tariffs will cause a significant reduction in industry output, raising new and used vehicle prices and force the elimination of some vehicle models.

“If there are no carveouts for autos, the tariffs would add $3,000 to U.S. made cars, and $6,000 or more on a vehicle assembled in Canada or Mexico. If tariffs go through this time, by mid April we expect disruption to all North American vehicle production, amounting to 20,000 fewer vehicles produced per day, which is about a 30 per cent hit to production.”

Disrupted production

The uncertainty caused by the on-again-off-again tariff threat has already disrupted production of some vehicles and slowed or stopped capital investments.

“A few weeks ago Ford announced it was going to delay the next generation F-150 because of all the chaos around tariffs that Trump has created,” said Anastakis. “So it’s not just hurting EV rollout, it’s hurting the very manufacturers Trump was supposed to protect and support.”

The goal of the tariffs, according to the U.S. president, is to bring automotive manufacturing back to the U.S. But currently there are about 700 different manufacturers in Ontario alone that supply components to the auto sector. Then there are many more in Mexico. It’s improbable to think they can all relocate to the U.S. in the short term to avoid tariffs.

Experts generally doubt the U.S. could ever return to the kind of manufacturing economy it had in the 1950s, especially when it comes to automotive production. Not all of those needed support sectors could operate economically in the U.S.

“There are some specializations in Canada,” said Anastakis. “Whether it’s tool and die, mold manufacturers, aluminum production — you cannot replicate that in the States. So these border tariffs are going to have a tremendous impact.”

Transition to electric vehicles

A critical goal for future viability of North American auto companies is to catch up to China in the transition to electric vehicles. China has all the resources it needs to form a complete supply chain in that production cycle, from raw materials through to manufacturing facilities. That gives it a key advantage in the EV market.

However, Canada was set to play a key role in bringing similar advantages to North American companies. It has critical minerals as well as new production facilities.

“When I saw this announcement that they were going to go through with this on automotive, I said to myself, ‘they’re popping champagne in Beijing,’” added Anastakis. “The United States hobbled its own industry without the Chinese having to lift a finger.

“There’s a very good chance in 10 years we’re all going to be driving Chinese EVs, whether they’re made in China or elsewhere in the world, because this is a pivot moment, it’s a paradigm shifting moment. I don’t know how the industry is able to recover from this, when they’re already facing such incredible burdens to begin with.”

“We’re at an interesting crossroads today in 2025,” agreed Smoke. “The problem is a substantial change in trade policy due to tariffs will be highly disruptive to North American vehicle production.”

Said Volpe: “Maybe he (Trump) has to send the U.S. over the edge, have hundreds of thousands of auto workers at home before he understands the depth of the problem he’s caused.”

The post ANALYSIS: U.S. auto sector tariffs an “own goal” appeared first on Grainews.

A portion of those exports were straw choppers and weed seed control units, manufactured by Redekop at its plant near Saskatoon.

Redekop has farmer customers in Montana, North Dakota, Kansas and other states who want a better chopper on their combine. The Redekop straw chopper cuts straw into fine pieces and evenly distributes the residue across the field, which is desirable for growers.

“We tend to focus on small grains and the higher volume of residue, where you have lots of straw,” Trevor Thiessen, chief executive officer of Redekop Manufacturing, said while sitting at a booth at the Commodity Classic, a trade show held in Denver March 2-4.

U.S. sales growth

Redekop sales to the U.S. have increased in the last five years as word spread about the straw choppers and Redekop’s weed seed destructor.

However, sales were soft in 2024 due to the downturn in the ag equipment market.

“Farmers were hesitant to spend a lot of money … 2024 was a hard year for a lot of equipment guys,” Thiessen said.

Last year was challenging, but 2025 could be more difficult for Redekop and other Canadian manufacturers.

U.S. president Donald Trump imposed 25 per cent tariffs on all goods from Canada March 4, although the tariff rate and implementation date may have changed by the Western Producer’s March 10 press time.

A spokesperson for another manufacturer of ag equipment on the Prairies, who also attended the Commodity Classic, said his company acted before March 4 to avoid the tariffs. The Manitoba business moved machinery across the border this winter and should have sufficient stock in the U.S. for many months of sales.

Shipping ahead of tariffs

Redekop took similar action in February.

“We shipped pretty much 98 per cent of our (U.S.) distributor’s order already,” Thiessen said.

Exporting farm equipment to the U.S. has become a larger part of Saskatchewan’s economy.

Sales climbed by $500 million from 2019-23, reaching $834 million in 2023.

“There certainly is growth in the agricultural machinery and equipment exports from Saskatchewan specifically to the U.S.,” said Peter Siarkos, director of manufacturing and technology with the Saskatchewan Trade and Export Partnership, which helps provincial businesses sell their products to the world.

Exports of ag equipment have created strong relationships between Saskatchewan firms and American buyers, but explaining the impact of tariffs and who will cover the cost can get awkward.

“When I talk to U.S. farmers and customers, I’m not sure everyone fully understands that the importer, i.e. the U.S. farmer, is the one who is going to have to pay the premium,” Thiessen said.

Who absorbs the tariffs?

To maintain American sales, Redekop and other Canadian makers of ag equipment may absorb a portion of the 25 per cent tariff. The customer will take on the rest.

“I think we’ll be fine.… Maybe we take a margin hit (on U.S. sales) for a period of time, but it’s not going to cripple our business.”

As of March 2025, it’s impossible to predict Canada’s trade relationship with the U.S for the next four years. It could be OK, bad or horrific.

If tariffs do stick around for years, Thiessen is considering a branch plant or a partnership to do some manufacturing in the U.S.

“We’ll make these core components, you assemble,” he said, describing one scenario.

“Set up a (U.S.) assembly plant, which would (maybe) get us past the tariff.”

Such decisions are a few years down the road, depending on what happens with trade and tariffs.

In the shorter term, Redekop Manufacturing wants to diversify sales to other parts the world. It has set up a company in South America to sell straw choppers and weed seed destructors to farmers in Argentina and Brazil, Thiessen said.

“(We’re in the) second year of testing in Brazil and the first full season of selling in Argentina.”

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Kip Eideberg, vice-president of government and industry relations with the Association of Equipment Manufacturers (AEM), said it’s very challenging right now to talk to Republicans about the benefits of trade.

“It is a frustration … that there seems to be precious few Republicans on Capitol Hill who are for free and fair trade,” said Eideberg while standing beside the AEM booth at the Commodity Classic trade show in Denver March 3.

“This used to be a Republican core issue (free trade). Where have all those Republicans gone?”

‘Tariffs are taxes’

Despite the frustrations, the AEM and other groups continue to lobby politicians and members of Trump’s cabinet about the danger of tariffs.

The AEM, which represents manufacturers of farm and construction machinery is still trying to talk with politicians and deliver a clear message.

“Our position is very simple. Tariffs are taxes. They’re taxes on American manufacturers. They’re taxes on American farmers…. This is no way to bolster U.S. manufacturing,” said Eideberg, who has been listed as one of the top lobbyists in Washington for the last six years.

Eideberg and others are still able to get access to policy-makers and powerful people in the American government.

At the Commodity Classic in Denver, he walked the trade show floor with U.S. agriculture secretary Brooke Rollins.

His message to her was that tariffs on Canada and other countries are damaging for American farmers.

“These tariffs are going to make all of this great (farm) equipment, on display here, more expensive. That will lead to fewer American jobs.”

Listening to farmers?

Rollins, who spoke to the media at the Commodity Classic, said she’s listening to such messages. She has only been in the role of ag secretary for a couple of weeks but has met with hundreds of farmers.

Many of them are worried about tariffs and the consequences for America’s ag industry, she said.

“That is my role,” Rollins said.

“To ensure that those concerns are heard, effectively.”

That’s positive for groups like AEM, but Eideberg believes that Trump is hell bent on imposing duties on Canada, Mexico and other countries.

The U.S. government will proceed with tariffs on a wide range of goods and products, which will have economic consequences.

The American public and the economy will have to suffer before Trump changes his mind, Eideberg said.

“I think the one thing that’s going to perhaps ensure that the tariffs come off or are not fully implemented is a recession,” he said.

“Tariffs are inflationary and are going to drive up (inflation)…. It’s a shame we have to rely on something like a recession … unfortunately.”

Another possibility is a re-negotiation of the Canada-U.S.-Mexico Agreement, provided President Trump can tell his supporters he got a “win” in the new deal.

—Updated – adds photo of Kip Eideberg

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It seemed fitting to have the two largest pieces of equipment at the show a couple of booths down from each other. Capacity, horsepower and efficiency have been the focal points for producers and manufacturers with recent model releases.

John Deere brought its new 9RX 830 tractor, boasting 913 peak horsepower, while Rocky Mountain Equipment booth had New Holland’s new Next Generation CR11 combine front and centre with its tried-and-true twin-rotor design.

Even the small pieces of equipment are getting bigger. Flaman had a DJI Agras T50 sprayer drone looming overhead. With a 40-kg spray capacity and able to cover 21 hectares per hour, this drone has grown almost to the size of a small car. The ever-increasing size of equipment brings awe and amusement to the crowded hallways of the show.

A resounding theme throughout the week, though, was the rising cost of technology and aftermarket additions. The list of options on new equipment has seemed to grow exponentially in recent years. When ordering a new seed drill, decisions need to be made on whether to add sectional control, turn compensation, blockage monitors, aftermarket openers, mudscrapers and the list goes on.

All these options make it important to do research, as their functions and improvements need to be evaluated to fit the owner’s operation. They also all come with additional cost — another consideration. CPS brings many of these aftermarket providers into one space, to help the buyer with these in-depth conversations. 

An interesting disparity was the disconnect between global equipment sales reports and territory salespeople at the show. Reports show a declining trend in new equipment sales throughout North America — but in conversation with the associates working many of the booths, sales are stronger than ever. Multiple dealer locations had met their sales goals or had commitments to sell out of available equipment for the coming year.

It may be that the national reports are a broader evaluation of the larger industry, while the more local economy is trending upward — but the disconnect is still very prevalent.

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The new system consolidates all of Claas’ existing digital platforms in one location.

“What we will be rolling out (Oct. 1) is our latest iteration of what we’re calling our Claas Connect platform,” says Claas’ product marketing manager Kacy Sampson. “Claas Connect exists today, but it’s not all-encompassing of all of our precision farming and digital solutions features.”

On the new platform, she says, all of a farm operator’s Claas machinery, dealership, shop and parts information and telematics will be “in one place and accessible through one user login, one profile, versus all the different platforms, putting everything in one group, accessing all the different digital features we have at Claas.”

The new platform will also have a new and more user-friendly look. It also allows for a close working relationship with the local dealer. Producers will now be able to set up their new Claas Connect account and transfer all their current machines to it.

“On Oct. 1, current Claas Connect users and anyone new who signed up will be prompted to create a new Claas ID,” Sampson says.

“Previously we had different logins for all the different features. Now they’ll be prompted to create one new user account and that will grant them access to all the machine information.”

A farm’s machines are registered by serial number, so getting them included in the newly upgraded platform should be an easy procedure. All previous data linked to those machines will be automatically transferred with them.

“Something not currently in the Claas Connect platform but will be on Oct. 1 is what we’re calling the organization structure,” she adds. “This allows the owner of the farm or the manager to create the account. They are then able to invite all the employees on their farm to join that account. Depending on their role on the farm, it has different capabilities and accessibility points.

“If they want to use the mobile version, an app is preferred. But they can use the desktop version, even on a tablet, it would be available on connect.claas.com.”

With the new platform going live, Claas will be adding additional features over time.

“Yield maps will not be accessible on Oct. 1 but will be available in the near future as part of this. That’s the direction we’re going.

“We’ll continue to roll out new features. There’s lots ahead in the future as far as what will be added to the platform and different licenses will be available within it.”

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Everyone is aware that the average size of a farm tractor has grown over the last few decades, but have you ever thought about how significant those changes are? How much more can one operator do with one seeding unit these days compared to the mid 1960s? Glacier FarmMedia’s senior editor for machinery, Scott Garvey, takes an exact look at how those numbers pencil out.

The post VIDEO: How do old vs. new tractors compare in efficiency? appeared first on Grainews.

CNH (Case IH, New Holland)

For its first quarter (Q1) ending March 31, CNH said sales volumes in North America were down two per cent for higher-horsepower (over 140 hp) tractors, and down 15 per cent for lower-horsepower tractors, while combine sales volumes in the same market were down 17 per cent compared to the year-earlier Q1.

Worldwide, net sales in CNH’s agriculture industry segment were down 14 per cent for the quarter at US$3.37 billion, “primarily due to lower industry volume across all regions and dealer inventory management, partially offset by favourable price realization.” (“Price realization” is a metric showing how successful a company is at achieving its set sticker prices.)

MAIN ARTICLE: Equipment sales to slow in 2024

As for its net sales outlook in the ag segment for full-year 2024, CNH now predicts year-over-year sales to decline by between 11 and 15 per cent. That’s down from its earlier call for an eight to 12 per cent decline.

Claas

The German company, in its 2023 year-end report, said its net sales for North and South America “developed well,” up 17.4 per cent on the year. “Significant growth was generated in North America through new machine sales of combine harvesters and forage harvesters.”

However, it says it expects demand for ag equipment to “decline overall” in 2024 in North America and central and western Europe.

“Amid normalizing inventories, and without the effects associated with the supply chain-related deliveries of prior-year orders that had a positive influence on the past fiscal year, Claas expects a moderate year-on-year decrease in sales in fiscal year 2024.”

Linamar (MacDon, Salford, Bourgault)

Linamar, which includes the Linamar Agriculture operating group in its industrial segment, reported that segment’s overall sales up 24.5 per cent for Q1, due to “exceptional global market share growth for combine drapers” — the company’s single largest ag product line — and closing the deal to buy Saskatchewan ag equipment maker Bourgault.

For 2024, it expects a “continued strong order book” for MacDon which, combined with the Bourgault deal, is expected to support Linamar Ag’s growth at “double digit level,” followed by “moderate” growth in 2025. In its Q1 presentation, it notes that while sales of combines and high-horsepower tractors are expected to be down, the combine draper market is expected instead to be flat in North America in 2024, while sales of windrowers are expected to be flat globally.

Buhler (Versatile, Farm King)

Buhler, in its full-year report released at the end of March, said it projects increased sales for 2024, as it improves against its recent “problems associated with supply chain issues.” The company says it has “a large backlog of sales and continues to have strong demand for its agricultural machinery and equipment.”

The company is coming off a relatively flat 2023, in which it booked sales revenue of $238.5 million, down $1.4 million from 2022.

Kubota

The Japanese company says its Q1 ending March 31 saw a 0.7 per cent decline in revenue in the farm and industrial machinery segment. In North America, the segment “struggled with tractor business due to continuous stagnation of residential market and crop prices decline” while construction equipment sales were “solid.”

In its previous year-end outlook, it had said its overseas sales of farm equipment “are also expected to be firm mainly in India.” In its Q1 report it said that previous outlook remains unchanged.

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