Deere & Co. will report its 4QFY14 earnings on Wednesday (Nov. 26), but most analysts don’t expect results much different than what most other ag equipment manufacturers have already reported.
Half of the slightly more than 300 North American farm equipment dealers responding to Farm Equipment’s “2015 Dealer Business Outlook & Trends” survey expect sales revenues to decline in the year ahead compared with the year passed.
While USDA raised its outlook for farm cash net income for 2013 by 7.4% over its August estimate, it still represents a 3.4% drop from 2012 levels. USDA raised its 2013 U.S. farm cash net income forecast to $129.7 billion, up from $120.8 billion in its August forecast and $123.5 billion in its initial February forecast.
Deere & Co.’s earnings report surprised more than a few analysts, but many aren’t buying into the company’s forecast for the year ahead, though it’s lower than their fiscal 2013 results.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at CNH Industrial’s goals for growing its precision business by 2030.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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