Kubota tests diesel engines
Kubota last month used the UK LAMMA Show to test the water with its new 200hp, four-cylinder 09-series diesel engines.
Over the last few years Kubota has indicated its intention of becoming a major global player.
— And its 2015 results seem to confirm things are under way.
With a change to its fiscal year to end in December 2015, the final nine months showed sales of $US11.024 billion which represented an increase of 9% over the same period in 2014.
Export revenues rose significantly in North America from sales of compact tractors, whilst in Europe tractor, construction and engines saw increases, although farm implements are said to have "stagnated".
Nearer home, increased mechanisation was the mood for many Asian countries with increases in tractors and combines in Vietnam; China saw increased combine sales brought about by a reinstatement of subsidies by government; Thailand saw sales drop as a result of a prolonged drought.
For the year 2016, the company is forecasting a rise in revenues of around 3.6%, driven by expansion in North America, Europe and Asia, and also re-confirming that it sees agricultural and industrial machinery sales as the core to its strategy in becoming a major global brand.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.