Have you ever wondered what's happening with the agricultural market in other parts of the world?  Because of Agrievolution’s global reach, we have unique insight into current dynamics affecting our sector.  This newsletter provides a glimpse of the current situation.  Just a few examples include:

• The total U.S. ag tractor unit sales are down 9% from the same period in 2022.
• Russia reports that this year (January – August) the Domestic market grew in physical terms by 41%, Russian production of agricultural machinery and equipment - by 24%, imports increased by 63%. The high growth of imports relative to 2022 is associated with a low

2023 TRACTOR AND COMBINE SALES

Through August, combine harvester sales show continued gains in unit sales while large ag tractors (2WD 100+ HP and 4WD tractors) also show sizable gains compared to 2022 during the same time period. In particular, 4WD tractors are up 34% YOY.

Total U.S. ag tractor unit sales are down 9% from the same period in 2022. Driving this decline are the notable decreases in tractors under 100HP; 40-100 HP sales are down 8% YOY, while sales of smaller, under 40 HP tractors are down 12%.

In Canada, combine harvesters are up 33% compared to the previous period last year. Large ag tractor sales are not up as sharply in Canada as

In France, the economic situation in the first half of the year was quite satisfactory. Growth forecasts have been raised to 1% for 2023, with a slight acceleration expected in 2024 (+1.2%). The disinflation trend is set to continue over the coming months. Nevertheless, at 2.7%, the inflation rate forecast for 2024 will remain above the central banks' target (+2%). Business sentiment remains good: corporate margins continued to expand in 2023. Household morale, on the other hand, is low, and households are more inclined to save than to spend.

Climatology has not been negative in France, as in other countries. In terms of both temperature and precipitation, the year so far has

UK farming has recently been through two good years in 2021 and 2022, when prices for many agricultural commodities were high and crop yields were high. Although input costs were also on an upward trend, the full impact of these rises won’t have been felt until late 2022 or into 2023. Arable and dairy farms did particularly well in those two years, thanks to surging grain and milk prices. As they are the main buyers of new agricultural machinery, that led to an increase in orders for many types of equipment. However, disruptions to global supply chains, along with rising costs and labour shortages, meant manufacturers struggled to keep up with demand.

In 2023, the situation

Agriculture, as a part of a circular economy, can only become sustainable when it overcomes its major dependency on fossil fuel. Conventional fuel is still a contributor to the overall agricultural carbon footprint. 

In this position paper agricultural machinery manufacturers set out to describe the different options to deliver a significant reduction of agricultural equipment’s CO2 footprint. Key to this is an intelligent and effective use of all the available options within the agricultural production process, keeping into consideration the specific conditions and capabilities of each farmer and of the sector to achieve th

Agritechnica 2023: Global Agriculture: General conditions, Challenges, Expectations.

Influence of climate change evident - German and European agricultural policy in upheaval - farms planning investments according to DLG’s Agrifuture Insights August survey

The DLG (German Agricultural Society) invites the international agricultural machinery industry to the world's leading trade fair for agricultural machinery, Agritechnica, in Hanover, Germany, from November 12 to 18, 2023.

With more than 2,600 exhibitors from 53 countries, Agritechnica will be the showcase for all equipment manufacturers, including all leading brands.

The general conditions faci

Italian Domestic Market January-August 2023

In the first eight months of the year, the Italian tractor and trailer market fell, while other types of machinery were in the black. Tractor registrations - according to data processed by FederUnacoma (the Italian manufacturers' association) on the basis of Ministry of Infrastructures and Transport registrations - in the January-August period were down 10% for tractors compared to the same period in 2022, and down 7.5% for trailers, while combines were up 28.5%, flatbed tractors up 24.8% and telehandlers up 11.6%.

In addition to

New Direction on Food, Agriculture, Rural Areas

On June 11, the Ministry of Agriculture, Forestry and Fisheries decided on a new direction for food, agriculture, and rural areas policy. The basic principles are the following four points.

1. Establishing food security for each and every citizen
2. Shifting to a sustainable agriculture and food industry that takes into account the environment, etc.
3. Fostering and securing highly productive agricultural management that supports a stable supply of food
4. Migration to rural areas/increase in related population, maintenance of local communities, and ensuring the functionality of agric

The industry is successfully adapting in difficult conditions, illustrating the reliability of Russian agricultural machinery. This year (January – August) the domestic market grew in physical terms by 41%; Russian production of agricultural machinery and equipment by 24%, imports increased by 63%. The high growth of imports relative to 2022 is associated with a low base for the same period in 2022 (in 2022, a number of foreign manufacturers of agricultural machinery suspended or significantly reduced supplies of agricultural machinery to Russia; in 2023 some deliveries resumed). Export of Russian agricultural machinery increased by 12%.

Per manufacturers' data, the prod

The industrial production index of agricultural machinery (adjusted for seasonal and calendar effects) was at the level of 191.5 in June (2015:100). Periodic index development (for the first half of the year) is at 29.2%. While the index closed 2022 with an average of 155.9, the average of 2023 was 186.

The tractor industry experienced significant growth of 28.8% in the first half of the year. Turkey's tractor industry, which produced 48,709 units in the first half of 2023, has largely met the high demand in the domestic market. The industry also concentrated on Stage 5 engine production during this period. The new regulation became valid as of January 1, 2023 for Stage 5. In