In its latest earnings release on Nov. 23, John Deere Director of Investor Relations Brent Norwood stated the company had cleared around $400 million of partially complete machines in its production and precision ag segment in its 4th quarter.
Figures released by the Assn. of Equipment Manufacturers on July 10 showed that, while large ag equipment sales declined again in June, inventory of these products on dealers’ lots continued to increase.
In today's newscast, we look at changes to the Farm Bill, dealer inventory concerns, more details on Kubota's hay tools line and we take look into the Ag Equipment Archives for history on the inventor of the seed drill.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, PFG America CEO Daniel Cook discusses the company's goals for expanding Deutz-Fahr's North American presence. In the Technology Corner, Noah Newman hits the technology highlights of the 2024 National Farm Machinery Show. Also in this episode, CNH Industrial reports $18.1 billion in 2023 ag sales, fewer dealers plan to build brand new dealerships and Deere dealers' inventory levels are rising.