In a special report produced for investors, Ben Cherniavsky, analyst for Raymond James, takes a “deep dive” into the current structure of Canada’s equipment dealer networks and concludes that the distribution channels for farm and construction machinery needs to be streamlined.
A little over 3 years ago in February 2011, Deere & Co. Chairman and Chief Executive Samuel Allen said he wanted to deliver three times as much profit at normal operating volumes and to double the company’s annual sales to $50 billion by 2018 as part of his John Deere Strategy.
As a recent round of acquisitions illustrates, recovery in farm machinery markets has not come soon enough for some manufacturers although their financial difficulties have presented useful expansion opportunities for businesses with healthier balance sheets.
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In this episode of On The Record, we examine Deere’s Population of 20-Store Dealers On the Rise. In the Technology Corner, we take a look at Carbon Robotics Developing New “Thinning” Function for LaserWeeder. Also in this episode: AGCO & Kubota Sign Right to Repair MOUs, Deere Reports Rising Large Ag Price Realization - Lower Production Costs and Dealers’ Most Pressing Concerns.