Despite robust U.S. tractor sales in recent years, overall tractor sales remain far from their 2004 and 2005 peak. Nonetheless, in terms of dollars, ag equipment shipments remain strong and healthy.
In a May 11 note to investors, Ann Duignan, machinery analyst for JP Morgan, says, “ag fundamentals are not well understood” by many observers of the industry.
She points out U.S. sales of high horsepower tractors last peaked in 2004 and 2005, when crop…
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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.
