North American sales of ag machinery continued to see upward growth in April, with row-crop tractors and combines leading the way with a 26.7% and 63% increase year-over-year, respectively.
According to Mircea (Mig) Dobre, machinery analyst with RW Baird, while overall sales were strong, 4WD tractor sales fell 3.6% and mid-range tractor sales fell 6.1% compared to the same period last year. Inventory levels continue to rise, though supported by strong unit sales growth, Dobre…
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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.
