For more than 2 years, observers of the farm equipment industry have been saying that a shakeout among compact tractor makers in North America is not only necessary, but is on the way.
But besides the trauma caused by Farmtrac’s hasty retreat from the market in 2008, little has changed in this increasingly overcrowded segment of the ag equipment industry, despite the fact that unit sales of compact and utility-sized tractors have continued to decline…
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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.
