A little over a year ago, Jim Tibbles, executive vice president of Osmundson Mfg., a manufacturer of tillage tools in Perry, Iowa, told us that he believed softening ag equipment sales in 2014 would represent a return to normal levels rather than a falloff.
AGCO reported on July 29 that its net sales declined 9.8% compared to the second quarter of 2013. The ag equipment maker’s second quarter net sales were $2.8 billion, compared to $3 billion in the second quarter of 2013.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.