A Dec. 6, 2023, Farm Equipment text poll asked dealers what percentage of their retail orders they were currently able to fill out of their inventory. The majority of dealers aren’t having any problems filling orders.
In its most recent earnings released Nov. 22, John Deere reported $61.3 billion in total net sales for its fiscal year 2023, up 16% year-over-year. Net sales in the fourth quarter were down 1% year-over-year to $15.4 billion.
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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.