According to a Dec. 19 report on FarmersGuardian.com, a UK-based ag publication, during the Agritechnica show in Hanover, Germany, John Deere told its European farm equipment dealers that it intends to reduce its dealership groups by one-third.
The report goes on to say that Deere expects it dealerships to double their current tractor area (AOR), meet a €100 million (£84.8/$94.3 million) turnover target and sell 30 combines and 15 foragers every year.
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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.
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