AGCO reported its third quarter results on Nov. 4, and noted updates in dealer consolidation, production cuts, inventory reduction targets and reduced sales in regions across the globe.
Deere & Co. remains confident about producing to demand during fiscal year 2025, JP Morgan (JPM) analysts reported following a virtual meeting with Deere Director of Investor Relations Josh Beal in early October.
Used equipment inventories remain elevated. And while they are not as high as they were in 2023 and early 2024, Andy Campbell said it’s still too much pressure for this market to take.
Since March, Deere & Co. has cut 773 jobs in Iowa alone, according to Iowa’s WARN log as of June 11. The latest cuts — 120 employees at the Seeder and Cylinder plant in Moline, Ill. — were announced June 5.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.