Titan Machinery’s focus for fiscal year 2025 (ending Jan. 31, 2025) is on inventory reduction, and CEO Bryan Knutson said that will carry into fiscal year 2026.
According to a Nov. 8 report from Canadian ag lender Farm Credit Canada, Canadian combine inventories are forecast to remain tight into the end of 2024.
During the Colliers International Securities 2020 Investor Conference last month, managers from the Alamo Group said they’re seeing the effect of several years of pent up demand and as result are anticipating improvement in ag equipment sales going forward.
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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.