Consolidated net sales totaled $22,409,000 for the 2020 fiscal year, which represents a 2.1% decrease from consolidated net sales of $22,889,000 for the 2019 fiscal year.

Sales growth decelerated from a November high but remained robust. U.S. large ag retail sales were up 14.1% year-over-year in December, while Canadian sales were down 1.8%. Combined U.S. and Canada large ag sales were up 11.3% (vs. up 17.7% in November), marking the 5th month in 6 with growth over 9%.

Large ag equipment sales growth reaccelerated during a seasonally slow month, according to the latest numbers from the Assn. of Equipment Manufacturers.

Overall tractor unit sales continued their growth across North America in October 2020 despite a small pause in larger units in Canada, according to the latest data from the Assn. of Equipment Manufacturers (AEM).

September large ag equipment sales were up 9% in the U.S. and 11.9% in Canada, according to sales figures release by the Assn. of Equipment Manufacturers.

U.S. large ag retail sales were down 3.7% year-over-year in August, while Canadian sales were up 8.3%, according to the latest numbers from the Assn. of Equipment Manufacturers.

Recent quarterly earnings reports for the major farm machinery manufacturers were described as either “better than expected” or “could have been worse,” according to several industry analysts. This is to say, at least, AGCO and Deere exceeded analysts’ expectations. (CNH Industrial didn’t.)

In this week's podcast we look at a recent CoBank report on the potential for ethanol production growth over the next decade. Also in this episode, Jack Zemlicka discusses the post-planting mindset of "selling solutions" in the Technology Corner, and we dig into some of the results of the 6th annual Strip-Till Practices study from Strip-Till Farmer, another drop in machinery loans in the Dallas Federal Reserve district and improved 2Q revenues for Art's Way.