Though 2024 will have its challenges, Lead Economist for Grains and Oilseeds at CoBank Tanner Ehmke thinks where ag equipment manufacturers should really be looking is 2025.
In his view, farmers are in a good financial position heading into 2024 with solid cash reserves. At the same time, he acknowledged that commodity prices are coming down as production costs are going up.
“If you’re selling machinery, it’s going to come down to how much cash…
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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.
