North America was the weakest of Agco’s sales markets in the latest fiscal year for the farm equipment manufacturer, Scott Garvey reports.
Tag Archives equipment sales
Soft North American farm machinery market hits Agco profits
Most markets remain relatively stable overall for the company, but the United States is a drag on profitability
2026 High-Horsepower Tractor Guide – What’s new for 300-plus-horsepower tractors
Technology, traction, horsepower: we look at how manufacturers have packaged those features into their high-horsepower farm machines for the Canadian market
We look at how manufacturers have packaged technology, traction and horsepower into the high-horsepower farm tractors they offer in the Canadian marketplace.
Farm equipment market unlikely to pick up
Sales have been slow and and an unreliable U.S. administration makes trade certainty impossible
North America’s farm machinery sales have been slow and uncertain thanks to tariffs and trade disruption. There’s not a lot of hope for change in 2026.
U.S. tariffs add big costs to John Deere’s manufacturing
Brand estimates tariffs could add up to $500 million in new costs this year
Deere and Co. expects a pre-tax impact for 2025 of just over $500 million on its bottom line, if the levels of U.S. tariffs in place as of mid-May remain over the coming fiscal year.
Farm machinery market now a riddle without a punchline
Farm Financial Planner: Tariffs will pile up on new equipment crossing borders en route to final assembly
Current market turmoil is rooted in U.S. tariffs and that uncertainty cascades down to combines, harrows, tractors, trucks — you name it — leaving farmers, at the tail end of the process, cautious.
Local sales in ag equipment buck national market trends
Evidence at Crop Production Show suggests demand beyond the data
Even on a largely underperforming harvest outcome, optimism was still present in the majority of the crowd at this year’s Crop Production Show in Saskatoon. 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 […] Read more
AgWest expands westward
Two Saskatchewan sites join the Agco dealership group
During Ag Days last month in Brandon, farm equipment dealer chain AgWest announced it’s making its first move into Saskatchewan, buying the Yorkton and Weyburn locations of another Agco dealer, Agriterra Equipment. “This is a natural extension of our current presence in Elie, Neepawa, Brandon, Russell and the Swan River region in Manitoba,” AgWest’s CEO […] Read more
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.
Deere beats profit targets as strong pricing, cost cuts counter slow demand
Deere & Co beat analysts' expectations for third-quarter profit on Thursday, as stronger pricing and cost control measures protected its margins from sluggish demand for its farm equipment.
Equipment sales to slow in 2024
Overall sales could decline by up to 15 per cent in Canada
Farm Credit Canada recently released a farm machinery market outlook for 2024 — and the news isn’t all that great for Canadian equipment dealers, especially when it comes to harvesting equipment. Despite new combine sales growing 5.5 per cent in 2023 in Canada compared to 2022, according to the Association of Equipment Manufacturers (AEM), the […] Read more