In its fiscal year 2024 earnings report on March 21, Titan Machinery reported $2 billion in ag equipment revenue for the year, a 28% year-over-year increase.
Combined U.S. and Canada large ag unit sales were down 3.1% year-over-year in March (down 7.9% in February). U.S. large ag equipment sales were down 3.4%.
In its annual report filed March 28, Buhler Industries, which manufacturers the Versatile and Farm King brands of farm equipment, reported C$239 million in annual revenue, down 0.6% year-over-year.
In its first quarter 2024 earnings, John Deere reported that, as a percentage of trailing 12 month retail sales, its dealers inventories of over 100 horsepower tractors and combines were back to pre-pandemic levels.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.