Challenging market conditions and a dip in revenues (see Ag Equipment Intelligence, September 2016) have not deterred tillage and hay tools manufacturer Pottinger from continuing investment in expanded production and parts distribution facilities.
A significant increase in tillage equipment and seeder sales helped offset a sizeable drop in demand for hay tools — at least in part — as Austrian manufacturer Pottinger faced up to market headwinds.
The first significant casualty of the agricultural machinery sales downturn has emerged with the insolvency of one of Austria’s leading field 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.