A division of Escorts Kubota called Escorts Agri Machinery (EAM) announced on Tuesday that rates for tractors would go up the following week.
According to the company's regulatory filing, the price increase that will take effect on November 16 is intended to counteract the effects of cost inflation in both commodities and other prices.
Without going into detail about the specific amount of the price rise, it was mentioned that the increase will vary between models and variants.
Escorts The Farmtrac and Powertrac brands are used by Kubota to market tractors.
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The US Federal committee's meeting will conclude on March 16, 2022.
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