The first significant casualty of the agricultural machinery sales downturn has emerged with the insolvency of one of Austria’s leading field equipment manufacturers.
German implement manufacturer Amazone moved backward to progress forward last year, becoming the first manufacturer in a long while to start building moldboard plows at a time when soil conserving, non-inversion minimum tillage techniques are all the rage.
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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.