Using machine fleet size and age data from the 2017 Census of Agriculture, analysts at Stifel, an investment banking firm headquartered in St. Louis, developed implied mid-cycle demand levels and compared them to current dealer sales data from the Assn. of Equipment Manufacturers.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.