In this installment of its “Ag Equipment Intelligence Lists” series, Ag Equipment Intelligence has compiled the financial information on U.S. ag equipment dealer associations.
Tire manufacturer Titan International’s sales to John Deere represented 13% of its 2023 net sales, according to its 10-K annual report released Feb. 29.
Kubota Corp.’s 2023 revenue increased 12.8% to $20.05 billion. Domestic revenue increased 6.8% from the prior year to $4.27 billion because of increased revenue from Farm & Industrial Machinery and Water & Environment segments of the business.
According to John Deere’s annual report filed with the SEC on Dec. 15, the company spent just over $3.5 billion on dealer sales incentives in its fiscal year 2023.
In Claas’ recently released annual report, the company reported revenue of $6.7 billion in 2023, a 25% year-over-year increase from $5.4 billion in 2022.
Dealers saw an increase in precision farming sales and service revenue in 2023, and most predict the positive trend will continue in 2024, according to the 11th annual Precision Farming Dealer benchmark study.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.