machinery sales Archives - Page 2 of 2

Geared-down expectations

By Dave Bedard June 17, 2024

What are other machinery manufacturers telling their shareholders to expect as they plow ahead into 2024? 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, […] Read more

Machinery, Reuters

Deere cuts 2024 profit forecast as sliding farm income stifles demand

By Reuters May 16, 2024

Deere has trimmed its annual profit forecast for the second time, squeezed by slumping demand for tractors and combines as falling crop prices pressure farm income.

A CNH manufacturing plant at Sorocaba, west of Sao Paulo in southeastern Brazil. (Photo courtesy CNH Industrial)

Machinery, Reuters

CNH Industrial cuts 2024 profit view as soft agriculture demand bites

By Reuters May 2, 2024

CNH Industrial cut its annual profit forecast on Thursday, squeezed by slowing demand for its tractors and farm equipment as choppy crop prices and higher borrowing costs hinder farmers from making big-ticket farming purchases.

Agco’s new FarmerCore program aims to help dealers identify how best to enhance and expand their services across their sales territories.

Equipment, Machinery

Agco introduces FarmerCore dealer program

A retail-level development initiative aims to improve the company's overall service to farmers

By Scott Garvey April 11, 2024

When it comes time to buy equipment, the quality of the local dealer, or lack of one, has typically played a big part in many producers’ decisions. A good local dealer is a big advantage for farmers and helps drive sales. It’s a factor of which major brands are well aware. Since its inception in […] Read more

The process of farmer consultation on new equipment starts long before any metal is welded together.

Equipment, Machinery

Understanding farmers’ equipment needs

As the pace picks up on advancements in technology, consulting customers for their feedback becomes more important

By Scott Garvey March 29, 2024

A few years ago, I was invited to attend an R&D facility to test-drive a prototype version of an MFWD tractor with a CVT transmission — then I was asked to give my impressions of what I liked or didn’t like. It was interesting to participate in the early evaluation of a new tractor. Prototype […] Read more

Machinery, Reuters

Deere cuts 2024 profit view as borrowing costs hurt demand

Executives expressed caution about margin performance amid weakening farm economy

By Reuters, GFM Network News February 15, 2024

Deere & Co cut its 2024 profit forecast on Thursday as farmers remained hesitant about big-ticket equipment purchases due to high borrowing rates and falling crop prices, even as its first-quarter sales and profit topped Wall Street estimates.

(Luca Piccini Basile/iStock/Getty Images)

General, Machinery

Tractors continue unusually strong sales in November

Many types of machinery have seen price hikes of around 30 per cent or more

By Jeff Melchior, GFM Network News December 12, 2023

The growing price of farm equipment is not dissuading farmers from buying new machinery, according to the latest data from the Association of Equipment Managers (AEM).

Machinery, Markets

Equipment sales expected to soften in 2024

Interest rates, equipment prices and commodity prices will all play a role, says FCC

By Jeff Melchior, GFM Network News November 16, 2023

According to FCC's 2024 outlook for the Canadian farm equipment market, new sales are projected to be softer in 2024 based on three factors: higher interest rates, elevated equipment prices and a decline in commodity prices.

GFM Network News

U.S. livestock: Cattle rally, hogs rise

Extreme heat can overcome honeybees’ ability to regulate hive temperature Arizona study shows

U.S. grains: Soybeans, wheat, corn end lower on broad commodities slump

Tag Archives machinery sales

Geared-down expectations

Deere cuts 2024 profit forecast as sliding farm income stifles demand

CNH Industrial cuts 2024 profit view as soft agriculture demand bites

Agco introduces FarmerCore dealer program

Understanding farmers’ equipment needs

Deere cuts 2024 profit view as borrowing costs hurt demand

Tractors continue unusually strong sales in November

Equipment sales expected to soften in 2024

AgCanadaTV

AgCanadaTV: In case you missed it; your national ag news recap for Jan. 30, 2026

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