In today's newscast we discuss the merger of the SouthWestern Assn. and Canada West Equipment Dealers Assn., the impact railcar delays are having on grain bagging system sales, dealer sentiments turn negative, Raven's first quarter results and farmland values for the first quarter.
The joint boards of SouthWestern Association (SWA) and Canada West Equipment Dealers Association (CWEDA) recently voted to move forward with a merger of these two associations to form the new Western Equipment Dealers Association (WEDA). This action was the first step toward a merger, which requires a vote by dealer members of each association to be completed this summer.
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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.