Data & Forecasts

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Sponsored Content: Trade Values & Trends

Mower Conditioner Values Guide — Spring 2024

This month's equipment value guide highlights Windrowers from Case IH, John Deere, Krone, MacDon, Massey Ferguson and New Holland All of the Windrowers included in the selection are model year 2021-2023 units and appeared in the Spring 2024 IronGuides Issue. For more detailed values use IronGuides.com, an online appraisal tool for agricultural equipment that adjusts for your machine’s unique region, options and usage.
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DataPoint: Canadian Combine Sales

Sales of new combines in Canada are projected to decline 20% in 2024, below the 5-year average. This is due in part to declining grain and oilseed revenue and strong sales from 2023, according to an April 24 report from Farm Credit Canada.
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Deere 2Q Ag Sales Drop 16%

Deere & Co.‘s Production and Precision Ag net sales were down 16% year-over-year for the second quarter. Josh Rohleder, Deere’s manager of investor communications, says the decline is primarily due to lower shipment volumes. That was partially offset by price realization.




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On the Record

Kubota Dealers React to New Acquisition Limitations Policy

In this episode of On the Record, brought to you by Weasler Engineeringwe take a look at some responses to Kubota's new limiting acquisitions policy for dealers. In the Technology Corner, Noah Newman examines how autonomy may provide a health benefit to the ag equipment industry. Also in this episode, John Deere's latest earnings and the end of AGCO and Ohio Ag Equipment's distribution agreement.
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DataPoint: Forage Harvester Sales

The percentage of dealers forecasting sales growth of 2% or more for forage harvesters rose to 8.5% for 2024, according to the latest Dealer Business Outlook & Trends report. This percentage peaked in the last 5 years when almost 14% of dealers were forecasting unit sales growth for 2021.
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AGCO Combine & Application Equipment Sales Down 30% in 1Q24

AGCO reported net sales of $2.9 billion for its first quarter, a decrease of 12% year-over-year. This was down 12% from over $3.3 billion in AGCO first quarter of 2023. Net sales from North America specifically brought in $730 million for the first quarter of 2024, down 21% from last year. AGCO reported that softer industry sales and lower end market demand were partially offset by positive pricing. Its most significant sales declines were in hay  equipment, mid-range tractor and combines.
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CNH Industrial Ag Sales Down in 1Q24

 CNH Industrial’s first quarter ag net sales were down 14% year-over-year to $3.4 billion, mainly due to lower industry demand and dealer inventory management. According to the earnings report released May 2, agriculture net sales for the quarter fell back to levels seen in the first quarter of 2022, though remained about ag net sales for the first quarters of 2020 and 2021.
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