North American farm equipment dealers are reporting that they’re seeing some reduction in price contribution to sales, and lead times from the factory, according to the most recent Dealer Sentiment & Business Conditions Update report.
Overall, a net 27% of dealers report longer factory lead-times compared to last month 34% longer; 58% same; 8% shorter up from a net 25% last month, according to the most recent Dealers Sentiments & Business Conditions Update survey.
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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.