North American large ag equipment sales continue to be weak, with row-crop tractor sales declining 24.7%, 4WD tractor sales down 48.1% and combine sales dropping 25.5% year-over-year in March. Mid-range and small tractors, on the other hand, showed strength in March, with a 7% jump in sales marking the second consecutive increase after 6 months of declines. Compact tractors sales were also up 28.4%. Mircea, “Mig” Dobre, an analyst with Baird, notes that this is…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
