farm

Tariffs, Farm Income, Squeezing Sales for Deere

Dan Economy, Industry News Release

(NAFB) — Low farm income, a challenging growing season and the impact of trade tariffs on agriculture have farmers putting off purchases of equipment. The depressed farm economy is part of the factors why Deere &Co. trimmed its earnings forecast for the year to $3.2 billion, from an expected $3.3 billion and a five percent increase in sales. The sales …

sales

Ag Equipment Sales Remain Positive in February

Dan Economy, Industry News Release

The latest data from the Association of Equipment Manufacturers shows U.S. sales of ag tractors and combines remained in the plus column in February. Total two-wheel drive tractor sales grew 17 percent compared to February of last year. That category was led by under-40-horsepower machines, which gained 24 percent over last year, as well as a seven percent gain for …