Farm machinery shipped in April was worth more than $1.94 billion, up 7.6% over the previous month, which came in at $1.8 billion. Year-over-year, shipments of farm machinery declined by 6.8%, according to data released by the U.S. Census Bureau.
Shipments of construction equipment rose slightly (0.6%) on a year-over-year basis. April CE shipments in April grew by 3.5%, the third consecutive month of increases. CE shipments were valued at $2.19 billion.
Industry Outlook: How Does Your Dealership Stack Up?
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
