Cervus Equipment, John Deere’s largest Canadian dealer group, posted third-quarter 2017 consolidated revenue gains of 10% as its ag and construction equipment markets continue to show signs of recovery.
A recent nationwide survey of pivot irrigation dealers conducted by Seaport Global Securities and Ag Equipment Intelligence shows this segment of agriculture, like farm equipment retailers, is generally optimistic about near-term revenue trends.
Deere & Co., best known for its domi- nance in farm equipment industry, made a big and unexpected move on June 1 when it announced it would be expanding the reach of its Construction & Forestry division by acquiring the German construction equipment maker Wirtgen Group.
Cervus Equipment Corp. said its revenues rose by $26.8 million, or 11.5%, during the dealer group’s third quarter, ended September 30. Overall revenue for the period was $260.8 million vs. the same timeframe in 2012.
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In this episode of On the Record, New Holland Agriculture President Carlo Lambro talks about the future of the company's North America network. In the Technology Corner, Noah Newman takes a look at the recently award-winning One Smart Spray system.