Large Ag unit retail sales were down 6.1% year-over- year, with declines in row-crop tractors and combines more than offsetting a slight increase in 4WD tractors.
In its latest earnings release on Nov. 23, John Deere Director of Investor Relations Brent Norwood stated the company had cleared around $400 million of partially complete machines in its production and precision ag segment in its 4th quarter.
Passage of the Section 179 and Bonus Depreciation tax incentives in late December probably helped some, but not enough to meaningfully reduce new and used farm equipment inventories on dealers’ lots.
Figures released by the Assn. of Equipment Manufacturers on July 10 showed that, while large ag equipment sales declined again in June, inventory of these products on dealers’ lots continued to increase.
In today's newscast, we look at changes to the Farm Bill, dealer inventory concerns, more details on Kubota's hay tools line and we take look into the Ag Equipment Archives for history on the inventor of the seed drill.
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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.