Domestic revenue increased by $66 million (+1.3%) from the prior year to $5.2 billion because of increased revenue in Farm & Industrial Machinery mainly due to increased sales of farm equipment, despite a decrease in revenue in Water & Environment and Other.
According to data from the Japanese Agricultural Machinery Manufacturers Assn. (JAMMA), a total of 120,061 tractors were produced in Japan in 2020, a year-over-year decline of 13.3% and a record low for the last 15 years.
Mahindra recently stated in a regulatory filing that the two companies have entered into a "business collaboration arrangement" that will "respond to diversifying customer needs and contribute to the sustainable development of Japanese agriculture."
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In this episode of On The Record, we examine Deere’s Population of 20-Store Dealers On the Rise. In the Technology Corner, we take a look at Carbon Robotics Developing New “Thinning” Function for LaserWeeder. Also in this episode: AGCO & Kubota Sign Right to Repair MOUs, Deere Reports Rising Large Ag Price Realization - Lower Production Costs and Dealers’ Most Pressing Concerns.