Experts Marc Johnson, Clinton Baker, and Chris Haverkamp break down this past year’s fluctuating markets and how dealers can prepare for what’s to come. [To view any of our webinar replays, you must be logged in with a free user account.]
Following an investors’ meeting with Deere & Co., Mircea (Mig) Dobre, senior analyst with RW Baird, offered his thoughts on the company’s path to potential recovery when the big ag equipment market makes its turnaround.
The relatively lackluster market for ag equipment worldwide caused Claas revenues to dip 5% in the group’s 2015-16 fiscal year ended Sept. 30, dropping from the previous year’s totals of €3.83 billion ($4 billion) — a small increase over 2014 revenues — to €3.63 billion ($3.79 billion).
Worldwide production and sales of farm machinery are expected to decline by 10% in 2015, according to the VDMA Agricultural Machinery Assn. based in Frankfurt, Germany.
In today’s newscast we dig into how the drought in California is impacting farm equipment dealers’ sales, the final installment of Dave Kanicki’s JCB interview, farmers spending plans for precision technology, the ag equipment market in Europe and more.
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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.