While CNH surprised many analysts with its fourth quarter and year-end earnings report on January 25, its financial outlook for 2010 remains hazy at best.
According to the analyst, Deere expects its worldwide sales and North American markets to deteriorate by 4% and 10%, respectively, but he expects Cervus to perform slightly better than its major equipment supplier.
Strong U.S. unit sales of combines in August (+38.1%) weren’t enough to offset the overall revenue loss caused by the 27% drop in tractor sales, according to JP Morgan’s proprietary revenue model.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
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.