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.
The latest episode of Ag Equipment Intelligence's On the Record is now live. In today's newscast we look into the results of the latest "Big Dealer Report"? the latest financial reports from CNH and Deere as well as dealer groups Rocky Mountain Dealerships and Cervus Equipment, and technology editor Jack Zemlicka provides an update from PlugFest.
Net income attributable to Deere & Company was $980.7 million, or $2.65 per share, for the second quarter ended April 30, compared with $1.084 billion, or $2.76 per share, for the same period last year.
There wasn't really any big news that came from last week's USDA World Agricultural Supply and Demand Estimates (WASDE) report. While we're waiting for crops to finally get planted, it seems all we can really do is speculate.
The results from an annual survey of U.S. no-till farmers reveals that despite a downturn in grain prices and some challenging springtime weather, 2013 produced the highest crop yields in several years.
It was a big week for corn plantings. According to data released today by USDA, as of May 11, a total of 59% of corn acreage has been planted, which surpassed the 5-year average of 58% for this date. It also more than doubled the acreage planted just a week earlier, which stood at 29%. Last year on May 11, only 26% of U.S. corn acreage was in the ground.
CNH Industrial N.V. (NYSE:CNHI / MI:CNHI) today announced consolidated revenues of $7,540 million for the first quarter 2014, in line with Q1 2013. Net sales of Industrial Activities were $7,213 million in Q1 2014, a 0.6% decrease compared to the prior year (+1.3% on a constant currency basis).
Greg Petras, president of Kuhn North America, says despite the current market challenges the company is continuing to invest in its facilities, people and products.
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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