Sales of large farm machinery in Canada has gone through some turbulent times in recent years. According to Farm Credit Canada (FCC), next year will continue to challenge Canadian equipment dealers and manufacturers, but some improvement is expected even as farm revenues continue to soften.
Deere & Co. reported consolidated net sales and revenues of $8.9 billion during its third quarter ended Aug. 2, 2020 vs. $10 billion in the same period a year earlier, a decline of 11%. Equipment operations came in at $7.9 billion during the period compared to nearly $9 billion last year, also a drop off of 12%.
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Precision ag pioneer Al Myers is a member of the Farm Equipment Shortline Legends Hall of Fame 2024 class. It’s been almost 35 years since the Ag Leader founder introduced the groundbreaking Yield Monitor 2000.