Farm equipment dealers who cater to row-crop operations with large ag machinery and implements have been particularly affected by the downturn in the ag economy. And the beat down goes on. In January, U.S. sales of large tractor and combines fell by 34% and Canadian sales were down by 18%. This marked the 36th consecutive month of year-over-year declines.
In response to this ongoing trend and to position itself to emerge from the downturn stronger…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
