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.
Tag Archives farm machinery — page 2
Equipment sales expected to soften in 2024
Interest rates, equipment prices and commodity prices will all play a role, says FCC
Ukrainian farmers’ history of making do pays off in wartime
First person: over the past 20 months, hundreds of thousands of civillian vehicles have passed through the crucible of war
The technical arsenal of farmers who cultivate small acreages is extremely varied. They have small tillers to which trailers are attached, and tiny, sometimes homemade, tractors. Sometimes you can even see a small field being plowed with the help of horses. We still have horse-drawn carts, although this is rare. In my town, there is only one horse left. My friend keeps him at home as a pet. In his youth, my friend worked at a stable and retained his love for horses.
When right to repair is not right to repair
I’ve had a hard time getting my morning coffee lately. The culprit is the multi-buttoned, digital-screened, expensive coffee maker taking up way too much space on the kitchen counter. Instead of pressing a button, walking away and coming back to a cup of joe, I’m instead greeted with the message “Fill H20,” despite the brimming
Farm equipment status quo returns
Prices are still high, but experts say that’s largely not due to stalled supply chains
Glacier FarmMedia – It’s been a long, hard road, but the Canadian farm equipment industry is mostly back to its pre-pandemic state. The pull effect of two years of high sales has worked its way through the system and supply chain complications have eased. That means farmers are more likely to get their equipment when
Agco, Kubota sign onto U.S. right-to-repair pledge
Firms join Deere, CNH in pacts with Farm Bureau
Two more major ag equipment makers have signed onto a framework that would grant farmers and independent repair shops in the United States reasonable access to the means to repair their machines. The Washington, D.C.-based American Farm Bureau Federation (AFBF) on Monday announced it had reached memorandums of understanding (MOUs) with equipment firms Agco and
CNH raises revenue guidance on robust tractor demand
Price increases support profit margins
Milan | Reuters — Farm and construction equipment maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped expectations in the first quarter, aided by a strong order backlog and resilient demand for its large tractors. The company increased its revenue outlook for industrial activities to between eight and 11 per
Colorado’s ag equipment right-to-repair bill signed into law
Bills introduced in 16 states
Reuters — Colorado’s governor signed the nation’s first right-to-repair legislation into law on Tuesday, giving the state’s farmers and ranchers the autonomy to fix their own equipment. The bill, which requires manufacturers such as Deere and Co. to provide manuals for diagnostic software and other aids, garnered bipartisan support as farmers grew increasingly frustrated with
Colorado passes first U.S. right-to-repair legislation for farmers
Manufacturers fear safety, emissions systems could be overridden
Reuters — Colorado farmers will be able to legally fix their own equipment next year, with manufacturers such as Deere and Co. obliged to provide them with manuals for diagnostic software and other aids, under a measure passed by legislators in the first U.S. state to approve such a law. The Consumer Right to Repair
North Korea’s Kim demands more farmland to boost food production
Seoul | Reuters — North Korean leader Kim Jong Un ordered improvements to infrastructure and expansion of farmland to ramp up food production, state media said on Thursday, amid warnings of an impending food crisis. Kim gave instructions to revamp irrigation systems, build modern farming machines and create more arable land as he wrapped up
Farm equipment demand to remain high, FCC says
Low inventories, high commodity prices and a good crop place pressure on demand
Demand for farm equipment should remain high through 2023 despite higher interest rates and projected price increases, according to Farm Credit Canada. The federal ag lender has released an outlook on the farm equipment market that analyzed data and trends that affect the market. While the outlook attributes much of the current demand to relatively
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