According to recent surveys, both farmers and dealers are leaning toward getting the COVID-19 vaccine once it's available, though only by a slight majority.
Net sales of $2.9 billion increased 4.6% in 2020, with significantly higher sales in the Utility Support Structures and Irrigation segments partially offset by lower sales in the Engineered Support Structures and Coatings segments due to COVID-19 impacts.
Consolidated net sales totaled $22,409,000 for the 2020 fiscal year, which represents a 2.1% decrease from consolidated net sales of $22,889,000 for the 2019 fiscal year.
According to a report from AgriLand, Deere has extended its pause on attending trade shows and will not present at Agritechnica 2021, which is set to take place in Hanover, Germany, from Nov. 14-20, 2021.
AGCO reported net sales of approximately $2.7 billion for the fourth quarter of 2020, an increase of approximately 8.1% compared to the fourth quarter of 2019.
Despite initially planning to continue the shows this March, the ongoing uncertainty surrounding the COVID-19 pandemic has led show management to make the difficult decision to postpone events until next year.
Kentucky Venues announced the 56th annual National Farm Machinery Show (NFMS) and 53rd annual Championship Tractor Pull would shift the scheduled 2021 dates from February to March 31-April 3.
Continued robust performance in North American Farm markets, EMEA, Brazil and India was offset by lower results in North American Commercial markets resulting in a record third quarter for sales and adjusted EBITDA despite ongoing COVID-19 challenges.
Third quarter total sales increased by $16,927, or 9.2%, to $200,994 from $184,067 during the same period in 2019, due to higher sales in all categories.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Marc Johnson, principal with Pinion, provides 4 factors that will be important for dealers to watch in 2025 that will impact their business.
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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