According to Eric Anfinson, associate equity analyst for Morningstar, demand for agricultural equipment and machinery has softened due to weakened crop prices.
While attending the Farm Progress Show in Decatur, Ill., last month, Morningstar equity analyst Kwame Webb said during his visits with the three major equipment manufacturers, three major trends emerged. These included substantial investments in telematics, less emphasis on high horsepower equipment, and an ongoing push to reduce their own and dealer inventories.
Adam Fleck, analyst for Morningstar, is studying the activity surrounding Kubota and CNH's bids to acquire ag implement maker Kverneland. Here's was his take on it as of Tuesday.
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