John Deere reported an uptick in shipments and a first-quarter net income of $656 million in its latest earnings report. Worldwide sales and revenues went up by 13% to $9.6 billion. Net sales were $8 billion for the quarter, compared with $6.8 billion in the same quarter of 2025.
“These positive developments reinforce our belief that 2026 represents the bottom of the current cycle and provides us with a strong foundation for accelerated growth going forward,” said John Deere CEO John May in a statement.
He noted the current ag economic conditions reinforce a need for the company to maintain “a robust portfolio that spans broad markets and regions worldwide,” which should position the company for success as it exits the current cycle.
Overall, John Deere posted a 29% decline in net income for fiscal year 2025 compared to 2024.
CNH sees 9% revenue drop in 2025
CNH Industrial, meanwhile, recently reported a 9% revenue drop in total revenue last year. The company’s fourth-quarter income was $89 million, compared to the $176 million in 2024.
“We continued reducing dealer inventories, advanced our quality and operational excellence initiatives, and introduced products that directly address the evolving needs of farmers and builders,” said Gerrit Marx, CNH’s CEO. “In this industry trough year, while markets are still moving slowly, CNH is moving fast in its transformation and engagement of exceptional colleagues to deliver on our ambitious commitments.”
Looking ahead, CNH analysts expect North America’s equipment demand to remain low amid the ongoing downturn.
Agco down 13%
Agco’s net sales dropped by 13% in 2025, down by a little more than $10 billion. Fiscal year 2024 notably included other revenue of $816.5 million from the company’s divestiture of the majority of its grain and protein business.
“In 2026, we will remain dedicated to advancing our farmer‑first strategy,” said CEO Eric Hansotia. “Our innovation pipeline remains robust with a full slate of new product introductions designed to help make farmers more productive and profitable. These actions will help balance the effects of low levels of farm profitability and persistent trade‑related uncertainty, while positioning the company to deliver improved performance in 2026.”
Yetter to acquire Martin-Till
Martin Industries is expected to be bought by Illinois-based Yetter Manufacturing, which recently signed a letter of intent, by the end of the first quarter. What does that mean for customers using Martin-Till equipment?
A press statement about the acquisition highlights that they should expect continued access to products, support and future innovation through more resources and expertise. Those with questions should direct them to info@yetterco.com.
Yetter and Martin Industries, both based in Kentucky, will each continue to produce their own lineups of planter attachments, fertilizer equipment, closing wheels and more.