JOHN DEERE FORECASTS AG EQUIPMENT SALES TO BE UP 10% IN NORTH AMERICA
Feb. 27, 2018
Source: John Deere news release
Agriculture & Turf
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Deere's worldwide sales of agriculture and turf equipment are forecast to increase by about 15 percent for fiscal-year 2018, including a positive currency-translation effect of about 3 percent.
Industry sales for agricultural equipment in the U.S. and Canada are forecast to be up about 10 percent for 2018, led by higher demand for large equipment.
Full-year industry sales in the EU28 member nations are forecast to be up about 5 percent due to improving conditions in the dairy and livestock sectors.
South American industry sales of tractors and combines are projected to be flat to up 5 percent as a result of continued positive conditions, particularly in Argentina.
Asian sales are forecast to be in line with last year.
Industry sales of turf and utility equipment in the U.S. and Canada are expected to be flat to up 5 percent for 2018. Deere's turf sales are expected to outperform the industry owing to the success of new products.