Large ag unit retail sales were down 14.6% year-over-year, with declines in row-crop tractors and combines more than offsetting a very slight increase in 4WDs.
Agricultural companies are prominently featured among the top 50 OEMs listed in the 2024 Yellow Table, an annual list in International Construction magazine that ranks the top 50 construction OEMs based on sales.
U.S. sales of Ag tractors and combines in June 2024 fell below reported sales from the same month a year ago, according to new data from the Association of Equipment Manufacturers (AEM).
Large Ag unit retail sales were down 6.1% year-over- year, with declines in row-crop tractors and combines more than offsetting a slight increase in 4WD tractors.
Haying machinery & attachments reported the greatest year-over-year price increase in May, up 4.8% from May 2023. Parts for machinery, for sale separately had the highest month-over-month change at 0.3.
Since March, Deere & Co. has cut 773 jobs in Iowa alone, according to Iowa’s WARN log as of June 11. The latest cuts — 120 employees at the Seeder and Cylinder plant in Moline, Ill. — were announced June 5.
According to the 11th annual Strip-Till Operational Benchmark Study, 35.1% of survey respondents indicated they recently purchased or plan to purchase a strip-till rig in 2024.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.