AGCO to buy Trimble assets for $2 billion to boost farm tech
AGCO Corp., one of the world’s largest tractor makers, will acquire technology assets from Trimble Inc. for $2 billion to...
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Agriculture
Farm equipment inventory up 35% YoY
Agricultural equipment inventory continues to build, further widening the gap between retail and auction values. Used compact and utility tractors’...
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High horsepower retail values up 11% YoY
Auction and retail values for tractors with high horsepower increased year over year in July despite increased inventory. Retail values,...
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Deere Financial reduces credit loss provisions, bucking ag concerns
Deere & Co. captive John Deere Financial reduced its provisions for credit losses in the third quarter of fiscal 2023...
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John Deere’s +2,100 dealerships face lean times as ag yields plummet
John Deere’s stock dipped on the heels of the company’s latest earnings report as the outlook for the agricultural industry...
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Jumps in ag inventories drive down auction values
Auction values for agriculture equipment continued their decline from the start of 2023, as rising inventories continue to drive down...
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John Deere partners with Chervon to sell battery-powered equipment
John Deere will sell products made by Chervon North America subsidiary EGO as part of a freshly inked deal with...
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Farm equipment auction values up 3% YoY
Auction values for agricultural equipment were mixed in May as the market began to soften due to post-pandemic normalization and...
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