North American dealer sales of farm machinery posted strong results for all tractor categories as well as combines in October. RW Baird analyst Robert McCarthy says simply, “Year-over-year comparisons were positive and accelerated for all equipment categories.”
Combine, row-crop, 4WD, mid-range, and compact tractor sales in the U.S. and Canada increased 40.5%, 27.9%, 32.7%, 16.8% and 25.1% year-over-year, respectively. U.S. sales (+36% year-over-year) outpaced sales in Canada (+15%). Inventory levels continue to rise, supported by…
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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.
