As 2016 came to a close, North American large ag equipment sales continued to decline, marking the 35th month of declines, says Mircea (Mig) Dobre, senior analyst with Baird Equity Research. Leading the declines for the month were 4WD tractors, which were down 36.4% year-over-year. While large ag equipment sales continued to struggle, compact tractors were once again the bright spot, with sales up 18.1% year-over-year in December.
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Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.
