Table of Contents
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01NORTH AMERICAN SALES
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02MARKET SHARES
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03NORTH AMERICAN PRODUCTION
- Tractor Inventories
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04IMPORTS AND EXPORTS
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05COMPONENT SUPPLY
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06FIELD POPULATION
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07FORECAST
- The Farm Economy
- Sales and Production Forecast
- Other Issues
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08MANUFACTURER SUMMARY
- AGCO
- CNH
- Deere
- Kubota
- LS Tractor
- Branson
- Kioti
- Mahindra
- McCormick Landini
- TYM
- Versatile
- Yanmar
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09TRACTOR MANUFACTURER ADDRESSES
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10TRACTOR SPECIFICATIONS BY MANUFACTURER
Executive Summary
We are witnessing the global transformation of farming systems and strategies. Farmers are under great pressure globally to change their farming techniques to meet new performance requirements in a time of shortage and inflation. Some countries are father along the continuum, the Netherlands and Ireland for example, and are enacting new legislation to regulate farming emissions and its aftermath. Many government entities have legislated changes in emission regulations, including engines and carbon dioxide, and outlined restrictions. The catalyst for these changes comes from many different directions including maximizing profitability of farm operations, the push toward renewable energy and reducing emissions and responding to weaknesses in distribution systems exposed by the pandemic years.
The modern farmer is looking to produce more with less. Farming has become a high-tech industry where farmers need to learn a range of new skills, mainly under the umbrella of technology, in order to operate their farm equipment. These skills include GIS (geographic information system) mapping, advanced soil testing, prescription maps, data analytics and computer networking. The initial approach was the adoption of “precision farming” which allows producers to make operating decisions on a site-specific basis, through technology. OEMs have invested a significant amount of money and time designing software that, through data collected at the source, can dictate planting operations and farm management. Producers, in turn, invested in these technologies as they became standard on their newly purchased machinery. Today, data and connectivity drive farm operations Technology has become so important that sustainability standards are being devised in an effort to create “smart” agricultural machines and smart” farms.