North American sales of large ag equipment continued to grow in May, according to data released by the Assn. of Equipment Manufacturers. The continuing rise in sales was driven by row-crop tractor and combine sales, which increased 17.8% and 28.6% year-over-year, respectively.
Meanwhile, 4WD tractor sales fell 8.9% vs. the same period last year. Mid-range tractor sales increased 6% year-over-year and compact tractor sales increased 27%. According to Mircea (Mig) Dobre, analyst with RW Baird…
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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.
