A report from the Ministry of Agriculture & Farmers’ Welfare on July 19 showed that planting among most of India’s summer crops have declined since June 1, following a particularly dry monsoon season. Monsoon rains were down 20% below average in the week ending July 17, with the total rainfall since June 1 being down 16% below average.
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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.