France continues to be the dominant player when it comes to tractor sales in Western Europe, and no one tractor maker dominates the market in the region.
JP Morgan analyst Ann Duignan says that investors are wrestling with whether 2011 represents the peak of the ag equipment cycle, given that cash receipts could be at peak levels and farmers can take advantage of 100% accelerated depreciation.
August represented the highest month of “August” sales this cycle, even higher than the 2008 peak, according to Ann Duignan, JP Morgan analyst in her report on the latest sales figures of North American farm equipment sales from the Assn. of Equipment Manufacturers.
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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.