Despite a 10% falloff in farm equipment sales during its 2009 fiscal year, which ended in September, Germany’s Claas achieved its second highest sales figure ever, beating 2007 results with an increase of 13% or the equivalent of almost $350 million.
At $3.9 billion, sales of harvesters, tractors and hay equipment accounted for 94% of group revenues that totaled $4.17 billion at current exchange rates. This is down 10.4% compared to the previous year. Pre-tax…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
