The steep rise in worldwide commodity prices that started in late 2007 and kicked into overdrive by mid-year ’08 also fueled a dramatic growth the sales of farm machinery.
Looking back to this time to 2008, it was the year that the planets and stars lined up for the farm equipment industry worldwide and gave almost everyone involved something to take home.
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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.