Last month, Caterpillar called its Tier IV engine program “the most aggressive and expensive product development initiative” in the company’s history. Farm equipment makers tell the same story. So it won’t take an economist or accountant to figure out that’s going to translate into higher priced equipment in 2011.
With higher prices for new equipment, the real questions become how much higher and what impact will it have on equipment sales in the next 18…
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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.
