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Analyst Forecasts 4-6% Growth for 2023 Large Ag Equipment Sales

During a presentation at the 2023 Associated Equipment Distributors (AED) Summit, held Jan. 10-12, Pinion Principal Marc Johnson forecast 4-6% growth in large ag equipment sales for 2023.

Johnson said while the forecast may seem disappointing, it comes after 2 years of notable growth.

“This sounds terrible when we grew 45% last year and 35% the year before that,” he said. “But remember, that’s 4-5% on top of the 45%, which is on top of…

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