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, 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.
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