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HIGHLIGHTS FROM LATEST AG EQUIPMENT DEALER SENTIMENT & BUSINESS CONDITIONS SURVEY
Farm Equipment magazine reports:

*Ag equipment dealers reported sales grew 2% on average in November, down from the 4% sales growth reported in October.

*All brands of dealers reported average sales growth for the month was up by low to mid single digits (2-5%).

*A net 4% of dealers reported better than expected results for November, down from the net 16% beating plan in October.

*A net 24% of dealers categorize their new inventory as "too high" (31% too high; 62% about right; 7% too low), vs. 8% of dealers last month who categorized their new inventory as "too high." This marks the fourth consecutive month that new inventories are "too high" and the highest net percentage since this survey began in April 2011.

*A net 59% of dealers reported used combines inventories were "too high" (59% too high, 41% comfortable, 0% too low) vs. a net 37% last month. The November number is tied with August for the highest net percentage reporting combine inventories "too high" in the history of the survey.

*Incoming orders declined 2% on average in November, down from 1% growth seen in October.


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