Farm machinery sales are forecast to decline for the remainder of the year and into the next. New equipment sales are expected to be soft as farmers face low commodity prices, high equipment prices and lower profits, though the decline in 2025 is expected to be less severe than in 2024. Sales of 4WD tractors are projected to stay above the five-year average.
Machinery
Canadian farm equipment sales projected to slump in 2025
Deere forecasts weak annual profit as farm incomes sag
Deere & Co forecasted lower-than-expected 2025 profit on Thursday, as slumping farm incomes and inflationary pressures affect demand for the company's tractors and other agricultural equipment.
Post-harvest is best time to reduce regular maintenance and repair costs, says parts manager
Winter season brings service programs and parts discounts from OEMs
After a hectic harvest season, it’s tempting to park machines in the shed, close the door and forget about them until next spring. That’s not a good idea because equipment maintenance now can help cut costs, says one equipment manager. Dealerships looking to keep their mechanics busy in the off season typically offer discounted inspection rates for machines through the slower late fall and winter period.
Pork council and meat council bring concerns to Ottawa
ASF, TFWs among top concerns for meat groups
African swine fever planning, trade access and issues with the temporary foreign worker program topped the list of concerns the Canadian Pork Council and Canadian Meat Council recently put forth to senators and members of Parliament in Ottawa.
CNH Industrial shares fall after third-quarter profit miss, forecast cut
Shares of CNH Industrial fell more than 10 per cent premarket on Friday, after the farm and construction equipment maker missed third-quarter profit estimates and cut its 2024 profit forecast due to weak demand and reduced dealer inventory requirements.
Tractors of the year announced at EIMA agricultural machinery show
Day one of the EIMA international machinery show in Balogna, Italy, saw five tractor manufacturers take home awards for Tractor of the Year. There were six different categories in play – Fendt won in two categories – that ranged from horsepower to sustainability and a newly created category called 'TotyBot' for fully automated tractors without a cab.
EIMA 2024 opens its doors to the world
Glacier FarmMedia digital editor Greg Berg takes in the 2024 EIMA International Agricultural and Gardening Machinery Exhibition in Bologna, Italy.
VIDEO: Kioti updates features, horsepower in latest tractor lineup
The Kioti tractor brand had a new model to show visitors at Canada’s Outdoor Farm Show this year. Here, Ron Wilkie, the company’s regional sales manager for Canada, talks about […] Read more
Kioti Tractor expands operations with new warehouse in Milton
New facility boasts larger inventory capacity, streamlined logistics to better serve Canadian dealerships
Kioti Tractor has more than quadrupled its Canadian warehouse footprint with its new Milton facility. It has 252,424 square feet of space, which increases inventory capacity by 260 per cent […] Read more
Lemken Solitair DT blends tillage and seeding
Combination unit wins award for environmental sustainability at Canada’s Outdoor Farm Show 2024
Lemken's Solitair DT combination tillage and seeding implement is new to the North American market and has been introduced to farmers at shows around Canada this summer.
