In addition to concerns about falling grain prices, several other factors could affect farm equipment sales in 2014 and possibly beyond, according to a recent note from analysts at RW Baird. Among the other issues highlighted in the asset management firm’s January 7 “2014 Outlook: An Update on Commodity, Business and Inventory Cycles” report were dealers need to destock equipment inventories, price increases on new farm machinery and the current age of the farm fleet.
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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.
