A recent report from the Equipment Leasing & Finance Foundation estimates that investment in ag machinery will increase over the next 3-6 months, after being up at an annualized rate by 2% in 3Q19.
Equipment and software investment growth decelerated during the second consecutive quarter and is expected to moderate at 3.9% (unchanged from the Q3 Update of the Economic Outlook published in July), according to the Q4 Update to the 2019 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation.
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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.