Claas has placed a big bet on the future prosperity of Russian agriculture by investing the equivalent of $136 million building a new combine factory alongside an existing facility in Krasnodar, 800 miles south of Moscow.
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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.