Despite ongoing low crop prices, Deere & Co. is looking for solid sales growth of its ag equipment in the year ahead. During a conference call with analysts following the release of its earnings report on Nov. 22, Deere management cited farmers needing to replace equipment, evidenced by improving early order sales.
For FY2018, Deere is forecasting about a 9% increase in worldwide ag and turf sales and an operating margin of 12.5% vs. 10.8%…
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