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.
Farm plows, harrows, rollers, pulverizers and attachments reported the greatest year-over-year price increase in November, up 29.3% from November 2021.
Farm plows, harrows, rollers, pulverizers and attachments reported the greatest year-over-year price increase in October, up 29.3% from October 2021. Harvesting machinery and attachments had the highest month-over-month price increase at +6.7%.
Farm plows, harrows, rollers, pulverizers and attachments reported the greatest year-over-year price increase in September, up 33.7% from September 2021. This category also had the highest month-over-month price increase at +5.9%.
This Producer Price Index (PPI) for ag equipment and parts illustrates the average change over time in selling prices received by domestic producers of goods and services.
This Producer Price Index (PPI) for ag equipment and parts illustrates the average change over time in selling prices received by domestic producers of goods and services.
This Producer Price Index (PPI) for ag equipment and parts illustrates the average change over time in selling prices received by domestic producers of goods and services.
The Farm Machinery Manufacturing Producer Price Index was up 13.6% year-over-year in February (+200 bps sequentially), the strongest growth in Baird’s historical tracker (dating back to 2005).
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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.