Farm Machinery Manufacturers NAICS 333111

Jul 23, 2025 - Autonomous Farm Equipment

• Autonomous farming equipment is reshaping agriculture and the market for farm equipment, SmartFarm Tech reported in July. Autonomous farming leverages cutting-edge technologies like artificial intelligence (AI), robotics, and sensor networks to automate critical agricultural tasks. Farm machinery giant Deere & Co. unveiled several new autonomous machines earlier this year to support customers in agriculture, including an Autonomous 9RX Tractor for Large-Scale Agriculture and an Autonomous 5ML Orchard Tractor for Air Blast Spraying, which use computer vision, cameras and AI to navigate their environments, according to a press release from Deere. AI-enabled farm equipment will help address the farm labor shortage in the US and meet the growing need for food as the global population rises. (The American Farm Bureau Federation estimates there are roughly 2.4 million farm jobs that need to be filled annually.) Deere’s goal is to achieve fully autonomous farming by 2030.
• Concerns over the high cost of new farm equipment are leading many growers to shift their replacement strategies, with some opting to extend the lifespan of their current machines, while others are investing in late-model, low-hour used equipment through auction or dealer channels, Farm Equipment reported in March. Leasing activity also began increasing in the second half of 2024 as producers began exploring methods to reduce equipment costs. With farm incomes projected to be lower this year and prices for new machinery high, strong demand for used equipment is expected to persist. “Producers may take a wait-and-see approach in the first half of 2025, potentially delaying equipment upgrades as the spring planting season approaches,” Lucas Scheibe, an AgDirect territory manager in North Dakota told FE, adding “However, if policy and tax conditions remain favorable, improved commodity prices could bolster farm income and influence buying decisions."

• US manufacturers have much to lose if a trade war erupts between the US and its largest trading partner Mexico, The New York Times reports. President Trump has vowed to slap 25% tariffs (or higher) on all goods from Mexico unless it stops the flow of migrants and drugs to the US. While Mexico depends heavily on trade with the US – exporting some 80% of its goods to America – it accounted for nearly 16% of overall US exports in 2022, according to the Office of the US Trade Representative. Tariffs on Mexico and China, another Trump target, would have widespread ramifications for manufacturers, making it more expensive to produce goods that use foreign components. And if other countries respond with retaliatory tariffs, it could also make it more expensive for manufacturers to export goods to foreign markets, according to Manufacturing Dive.
• Producer prices for farm machinery and equipment manufacturers rose 0.9% in May compared to a year ago, after rising 1.3% in the previous May-versus-May annual comparison, according to the latest US Bureau of Labor Statistics data. While down slightly from their peak in April, producer prices remain historically high. Employment by agricultural implement manufacturers fell 4.8% year over year in April, while average industry wages at agricultural, construction, and mining machinery manufacturers dipped 0.2% over the same period to $29.92 per hour, BLS data show. High prices for farm machinery and the tough farm economy have caused US farmers to cut back on spending for new equipment leading manufacturers to trim their payrolls.