Tillage farmers in France renewing tractor fleets to maintain cultivations and crop sowing performance invested in greater productivity in 2020 as sales of less powerful machines declined.
From a 2019 total of 26,251 units across all power outputs — but excluding orchard and vineyard tractors — sales slipped 7.5% to 24,271 according to registrations analyzed by ag machinery organization Axema.
But while sales of tractors up to 250 horsepower lost 2,220 units representing a drop…
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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.
