At least for now, if a North American farm equipment dealership wants to buy, sell or merge their business it’s usually a simple matter of negotiating with an interested party along with “some” input from their OEM. This is apparently not the case in Europe.
The new EU regulation is actually a set of new machinery standards, and it went into effect Jan. 1, 2016 though it wasn’t extended to all new tractors put on the market (regardless of whether they were new or used) until the beginning of 2018.
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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.