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…
This is subscription content for VIP Members. A VIP membership gives you all things Ag Equipment Intelligence all the time! Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
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.
