AGCO and TAFE resolve long-running dispute over Massey Ferguson brand rights
The drawn out separation of global giant AGCO and its Indian partner TAFE seems to be ending.
If the workhorses on New Zealand’s paddocks and boat ramps are an indicator, the humble Massey Ferguson MF 35 was built to last. So it’s no surprise AGCO has launched a new model for the Kenya market.
Offering more mechanisation to the African sub-continent, the MF 35 – ‘the people’s tractor’ – should prove a great choice for first-time owners or those keen to develop existing businesses.
Based on the machine sold in the late 1950s and early 60s, the tractor has a 36hp engine, 6 forward and 2 reverse speeds and a rear lift capacity of 1100kg.
Compact size and manoeuvrability make it ideal for the small plots typical in Kenya’s food cultivation, planting, livestock and tea and coffee enterprises.
Richard Markwell, vice president and managing director of AGCO, noted “the model will be a great fit for this emerging market, and introduce a generation of farmers to mechanisation who probably never thought they would drive a new tractor out of a showroom”.
Global trade wars and uncertain tariff regimes could play into the hands of many New Zealand exporters, according to Gareth Coleman ANZ’s Head of Trade & Supply Chain.
The long running trade dispute between NZ and Canada appears to be over.
Herd improvement company LIC has ended the 2024-25 financial year in a strong position - debt-free and almost quadrupling its net profit.
There's been widespread support from the primary sector for the Government's move to put the brakes on local authorities to do any more work on planning changes ahead of major changes to the Resource Management Act (RMA).
Rural health advocates say the Government's decision to establish a new medical school at the University of Waikato augurs well for the rural sector.
People affected by the recent two severe flood events in the Tasman district are weary and exhausted trying to deal with the devastation on their farms and orchards, according to the head of the Rural Support Trust (RST) in the region.
OPINION: Will synthetic milk derail NZ's economy?
OPINION: According to media reports, the eye-watering price of butter has prompted Finance Minister Nicola Willis to ask for a…