Large ag equipment unit sales rose 7.2% year-over-year in November. Combined U.S./Canada large ag equipment unit sales rose 7.2% in November vs. rising 29.6% in October. U.S. large ag equipment sales were up 6.7% (October: +33.5%), Canada large ag equipment sales were up 9.8% (October: +10.2%). U.S. dealer inventories were up 89.8% year-over-year in 2WD, down 19.2% year-over-year in 4WD, and up 34.3% year-over-year for combines. “Large vs. small ag equipment divergence continues, a key…
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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.
