Not only did the USDA release its January 2009 World Agricultural Supply and Demand Report on January 12, but the Assn. of Equipment Manufacturers also reported its December sales figures for ag equipment. One machinery analyst viewed both as “bearish” for farm machinery, while another still sees strong positives for another solid year for machinery sales.
USDA raised its forecast of 2008-09 ending corn stocks to 1.79 billion bushels, from 1.474 billion…
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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.
