In this podcast, we look at how interest rate hikes might impact farmers' decisions on whether or not to buy equipment, an encouraging outlook for 2018 sales from rural lifestyle dealers, where no-till farmers plan to spend their money when it comes to equipment needs this year, and John Deere's latest earnings and updated 2018 forecast.
As dealer optimism continues to inch upward heading into the second quarter of 2017, no-till farmers are anticipating increased adoption of precision farming equipment this year.
Moving into the second quarter of 2016, many precision dealers are maintaining a conservative sales outlook for the foreseeable future. But there may be reason for optimism, based on the recent results of No-Till Farmer’s 8th annual Benchmark Study.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.