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.
Campbell noted there was only a brief period between January and April of this year when sales of self-propelled sprayers out-paced the rate at which sprayers were being added to dealers’ lots.
Agriculture ales of $377.8 million increased 34% year-over-year, led by higher average selling prices of irrigation equipment globally and higher volumes, notably in North America and Brazil.
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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.