Looking at the immense scope in the farm equipment business, Germany-based ag machinery manufacturer, Claas, has signed agreements with two Indian states.
At least some part of the strong sales of utility tractors (40-100 horsepower) this past year — up 6.8% in the U.S. and 8.3% in Canada — can be attributed to the strong market for milk and dairy products starting last winter.
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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.