Revenue in its fiscal year 2020 was down 3.5% for Kubota, from $18.2 billion in 2019 to $17.6 billion. Domestic revenue was down 4.8% to $5.7 billion, following a decline in Farm & Industrial Machinery revenue. 

Deere’s latest earnings report showed a 19% year-over-year increase in net sales in the first quarter of its 2021 marketing year to $9.1 billion, up from $7.6 billion. 

Agricultural equipment sales at Krone continued an upward trajectory for the sixth year in the group’s 2019-20 financial period as its world-wide market share grew.