The Brazilian Assn. of the Industry of Machines and Equipment (Abimaq) announced there was an overall increase of 43% in sales of agricultural machinery and equipment in the country in 2021. Industry representatives attribute the strong commercialization to the world’s growing demand for commodities during the year. The executive director of Abimaq, Pedro Estevão, explained the comparison with 2020 came from a good basis. “We were coming from a growth of 17% in that 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.
