Agriculture net sales were up 26%, due to favorable price realization and better mix, mostly driven by North America and South America, partially offset by the negative impact of foreign
exchange rates.
David Meyer, Titan Machinery's chairman and chief executive officer, stated, "The ongoing strength of the broader agriculture sector continues to fuel demand for equipment across our business and equipment revenue grew 37% on a consolidated basis in the third quarter."
While John Deere is the undisputed leader when it comes to total sales of farm machinery worldwide, it doesn’t dominate the other regions of the world like it does North America.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.