By Andi Anderson
The agriculture manufacturing industry is evolving with shifts in market trends, workforce challenges, and economic conditions. Curt Blades, senior vice president of the Association of Equipment Manufacturers (AEM), sheds light on the current state of the industry, the farm economy, and global trade concerns.
One key issue affecting agriculture equipment manufacturers is market fluctuation. Tractor and combine sales surged during the pandemic but have slowed in 2024 due to higher interest rates, supply chain changes, and lower commodity prices. However, the demand for used equipment remains strong, helping balance the market.
Blades emphasizes the role of small manufacturers in driving innovation. Many ag machinery brands started as small businesses, and their contributions continue to shape the industry.
He notes that while large companies dominate, smaller firms bring creativity and develop new technologies that improve farm efficiency.
Workforce challenges also impact the industry. Manufacturers struggle to find skilled workers, especially in rural areas. AEM supports vocational training, trade schools, and FFA programs to encourage young people to explore careers in agriculture and equipment manufacturing.
On the policy front, AEM works with lawmakers to address issues like trade agreements, tax incentives, and rural broadband expansion. Trade remains a critical factor, with the industry relying on North American partnerships and global exports.
Despite economic challenges, Blades remains optimistic. Advancements in technology, automation, and AI-driven equipment are shaping the future of agriculture manufacturing, ensuring continued growth and efficiency for farmers worldwide.
Photo Credit: gettyimages-fotokostic
Categories: Iowa, Business