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.
Tag Archives machinery — page 2
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.
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.
VIDEO: ‘Made in Italy’ aims to grow farm equipment presence in Canada
At Canada’s Outdoor Farm Show last month, a group representing Italian companies visited the Woodstock, Ontario farm site during the show. The stop was part of the group’s Italy AgTech Roadshow that toured in Ontario and Quebec to get a first-hand look at what agriculture in the two provinces looked like, and what opportunities there […] Read more
VIDEO: Machinery highlights from Canada’s Outdoor Farm Show – day 1
Machinery editor Scott Garvey shares some of the machinery he saw on display during his first day at Canada’s Outdoor Farm Show in Woodstock, Ontario.
CNH Industrial lowers profit forecast on slow demand for farming products
Farm and construction equipment maker CNH Industrial on Wednesday lowered its 2024 profit forecast for the second time, as slowing demand for its tractors and combines keeps hopes for a recovery in the second half of the year muted.
Schulte combo wind-rower and rock-picker sparks interest at AIM
The Schulte Spartan RWP-1935 Rock Windrower Picker bring in rocks from a width of 19.19 feet wide with its hydraulically-driven wind rower, which is then connected directly to the rock picker with a three and a half cubic yard bucket.
Mobile skills lab launches at Ag in Motion
Agricultural Manufacturers of Canada has launched at mobile skills lab at Ag in Motion 2024.
Large tractor sales gain ground in March
It’s too early to tell if uptick is the start of a long-term trend
In Canada, unit sales of 100+ horsepower tractors grew 2.7 per cent in March compared to the same month last year. In the U.S., unit sales of the same machinery class jumped for the second straight month. American large tractor sales grew 3.2 per cent in March compared to year-ago numbers, following February’s increase of 2.8 per cent.
Diminutive Burro packs a big robotic punch
The unit will follow workers or run in a pre-programmed cycle to move items around a farm
The Burro, a self-driving vehicle that can haul fruit, vegetables, seed and trailers, was unveiled at the London Farm Show in March. “We have not used it in its operational environment yet, but we’re excited to this year, and there’s a lot of interest in it,” said Haggerty AgRobotics project manager Jason Gharibo. Why it […] Read more
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