Last week, Deere & Co. reported its second-quarter net sales and revenues were down by 9% to $9.9 billion and net sales and revenue, and net income fell to $981. Overall, worldwide equipment sales fell by 10% to $9.2 billion.
In current dollars ” ignoring the effects of inflation,” U.S. net farm income is forecast to exceed $122 billion in 2012 and net cash income is expected to exceed $139 billion, both record nominal values.
Farm machinery make Deere & Co. plans to open a tractor factory in Argentina, as the administration of President Cristina Kirchner seeks to reduce the country's dependence on imported manufactured goods.
AGCO Corp. reported net sales of approximately $1.3 billion for the first quarter of 2010, a decrease of approximately 13.3% compared to net sales of approximately $1.5 billion for the first quarter of 2009.
Kyle Mensen, lead test engineer with Raven Industries on the DOT project, talks with Farm Equipment editors at the Farm Progress Show 2020 Media Day in Boone, Iowa, and shows off the capabilities and ease-of-use found on the new DOT platform.
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