Currency Translation, Commodity Prices Negatively Impact Farm Equipment Manufacturers’ Full-Year Sales

Over the past few weeks, most of the publicly traded farm equipment manufacturers have reported their full-year earnings for 2015. For most, the negative impact of currency translation and the continuing headwinds from agricultural commodity prices meant double digit loses for full-year farm equipment-related net sales. From high horsepower tractors and combines to precision farming gear, all segments of the industry were affected.

Of the manufacturers reporting full-year earnings, Raven Industries’ Applied Technology division, which…

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