“U.S. and Canada large tractor and combine retail sales comparisons weakened again in January, falling 14% year-over-year, after a 4% decline in December, reflecting a combination of more difficult prior-year comparisons, emissions standard changes and reduction of 100% bonus depreciation tax incentives to 50%,” says Robert McCarthy, analyst for RW Baird. “Four wheel drive tractor and combine year-over-year comparisons were particularly weak, falling 29% and 44%, respectively, but dealer inventories appear tight.
“Robust USDA 2012…
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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.
