By any measure, sales of ag equipment were exceptional in 2008. While manufacturers are hopeful of another solid year in 2009, the continuing deterioration of overseas economies will likely stunt profit growth the equipment makers saw last year.
Recapping 2008’s farm equipment sales by the full-line manufacturers — AGCO, CNH and John Deere — shows that each of their overseas sales rose dramatically last year, aided in large part by very favorable foreign exchange (FX)…
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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.
