Argentina’s president Maurcio Macri announced in July a new credit line for the ag machinery manufacturing sector. Macri announced a rate of 23% per year for 5 year loans to be offered by the country’s Bank of Investment and Foreign Trade. For perspective, Argentina’s Central Bank rate reference is currently at 40%. In addition, Argentinian ag machinery manufacturers will receive support to export its equipment to subsidiaries…
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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.
