In the past calendar year, the manufacturers of agricultural machinery, tractors and associated software systems organized in the VDMA Agricultural Machinery Association an 18% increase in sales from German production across all segments compared with the previous year.

The company's Agricultural Products segment’s net sales for the 2022 fiscal year were $20,912,000 compared to $16,826,000 during the 2021 fiscal year, an increase of $4,086,000, or 24.3%.

U.S. grain farmers continued to purchase combines at a very healthy rate in 2022 and the total retail sales exceeded our original forecast by 7%.