Trade tensions continue to put a damper on every aspect of the agricultural industry.
John Deere for instance reported a sales and revenue decrease of 3% for the third quarter of 2019.
In a statement John Deere Chairman and CEO Samuel Allen said, “third-quarter results reflected the high degree of uncertainty that continues to overshadow the agricultural sector."
Although not directly calling out the tensions with China, they likely have played a part.
On a local level, the sales outlook for farm implement remains a bit more positive.
“Even with some of the trade tensions out there, pricing, you know we still see a lot of optimism in the market, Said Drew Lesnik, Director of Remarketing at Frontline Ag Solutions.
The reason Montana has seen less of a decline in implement sales is due to the fact that the states staple crop hasn’t experienced near the decline as those of the Midwest.
