Deere Gains Ground in Brazil Equipment Market

Deere & Co. continued to make headway in May in its effort to capture market share in Brazil, South America’s leading agricultural nation. Total tractor sales for the month were down 7% year-over-year, and combine sales were up by 55% in May compared with the same period of 2010.

For the month, Deere’s farm tractor sales rose by 35%, while equipment sales by its competitorsdeclined. AGCO’s tractor sales fell 24% and CNH sales declined by…

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