It’s been 47 years since the last strike by the International Longshoremen’s Assn. (IFA), which represents unionized works at ports on the U.S East and Gulf coasts.
The Port of Baltimore is a key hub for ag equipment imports and exports in the U.S., and its closure could have a notable impact on importing high horsepower tractors specifically.
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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.