After averaging an annual growth rate of 11% since 2009, worldwide ag equipment sales are expected to take a breather this year, according to Frankfurt, Germany-based VDMA Agricultural Machinery Assn.
In its 2014 Economic Report, the association noted, “In the past 4 years, turnover in the agricultural machinery industry has risen sharply and continuously.” VDMA estimates worldwide volume for 2013 was €96 billion ($130 billion), calling it “a remarkable 50% higher than the level…
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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.
