Analyst Spots 3 of the Majors’ Major Trends at Farm Progress Show

While attending the Farm Progress Show in Decatur, Ill., on Sept. 1-3, Morningstar equity analyst Kwame Webb said during his visits with the three major equipment manufacturers, three major trends emerged. These included substantial investments in telematics, less emphasis on high horsepower equipment, and an ongoing push to reduce their own and dealer inventories.

Following meetings with top managers at AGCO, Deere and CNH Industrial, Webb said, “We think overall sentiment is on par with…

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