Farm Machinery’s Slump Lingers as Tariffs Add Risks
AGCO Corp. tractors in Louisville, Ky. (Luke Sharrett/Bloomberg News) Farmers are still delaying equipment purchases a President Donald Trump’s tariffs cloud demand for crops and risk further extending a yearslong slump in the sector. Top tractor makers CNH Industrial NV and AGCO Corp. each reported lower first-quarter sales May 1 and pointed to the potential ...more