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Tag Archives: farm equipment

DOWNGRADE FOR DEERE

JP Morgan has downgraded its outlook for the stock of John Deere. “We believe it was clear from what we heard that the industry is currently in dire straits with the potential for a liquidity crunch for farmers into 2016,” analyst Ann Duignan wrote in a note to clients. Large used tractor inventories will also… read more

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FARM EQUIPMENT OUTLOOK

For 2015, dealers are now expecting sales to decline 15% year-over-year on average, down from the 11% decline forecast in February. Shortline dealers are the most optimistic, calling for a 10% decline in sales for 2015. John Deere dealers are the least optimistic and are expecting an 18% decline in sales for the year.

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IMPLEMENT SALES DOWN

Retail sales of large farm equipment in the U.S. and Canada continued to unravel.  The Association of Equipment Manufacturers says 2WD tractors sales are off 11%; 4WD tractors off 37%; and combines off 24% in August.

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