U.S. sales of ag tractors and combines remained in the plus column for February, according to the latest sales data from the Assn. of Equipment Manufacturers (AEM).
So far, so good for North American tractor and combine sales during the first 6 months of 2018. The Assn. of Equipment Manufacturers (AEM) attributes improving tractor and combine sales to both replacement needs and the farmers’ expectation that the ag market will improve further down the road.
Large ag equipment sales growth continued in November, although moderated from the highs reported in October to +5%, according to the latest numbers released by the Assn. of Equipment Manufacturers.
According to Ag Equipment Intelligence’s monthly Dealer Sentiments survey, since the start of 2017, farm equipment dealers’ year-over-year level of optimism has varied by as much as 42% from one month to the next compared to the prior year.
North American large ag equipment sales continue to be weak, with row-crop tractor sales declining 24.7%, 4WD tractor sales down 48.1% and combine sales dropping 25.5% year-over-year in March.
In our latest newscast we take an inside look at the Cuban ag market, what it means for manufacturers if the U.S. Export-Import Bank is not reauthorized, dealers' 2016 outlook for precision farming sales and how worldwide tractor sales compare to North America.
Kubota Corp.’s continued expansion into big ag equipment and higher horsepower tractors and its increased activity in Asia were reflected in significant gains during the 3 months ended June 30, 2015.
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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.