Hay and tillage equipment manufacturer Poettinger continued to invest in manufacturing, parts distribution and administration resources during its 2016-17 financial year as sales recovered to exceed the prior year’s performance.
Frankfurt-based VDMA Agricultural Machinery Assn. is forecasting global production of farm equipment will increase by 6% in 2013 compared with 2012, demonstrating continuing strength in the agricultural sector.
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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.