Most of the dealers and others I’ve spoken with or heard from in the past couple of months seem to agree — 2019 was a weird year. It was hard to get a fix on what was going on and very little was “typical.” There are more variables than usual, I think.
About 40% of North American farm equipment dealers expect revenue from sales of new machinery to improve in 2020, while 37% are forecasting little or no change compared to 2019, according to the results of the Ag Equipment Intelligence’s 2020 Dealer Business Outlook & Trends survey.
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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.