Western Canada’s two publicly held farm equipment dealerships, Rocky Mountain Dealerships and Cervus Equipment Corp., reported second-quarter earnings one day apart, and results for both reflect the ongoing sluggishness of farm machinery sales throughout North America. While Cervus fared somewhat better than Rocky overall, both dealer groups noted that increased foreign exchange premiums on equipment manufactured in the U.S. is dampening demand for new ag equipment in western Canada.
Rocky Mountain. Rocky, which posted its…
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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.
