NAEDA Newsletter
Wednesday, May 04, 2016 Helping Dealers Succeed!
return to newsletter

Russian ag ban worries, but won't wallop, U.S. farm equipment makers

Posted: 8/11/2014 | Views: 409

Russian President Vladimir Putin's announcement on Wednesday, Aug 6 that he plans to slap a one-year import ban on agricultural products from countries that have imposed sanctions on Russia is unwelcome news to U.S.-based makers of farm equipment.

But the move is unlikely to have a big impact on the near-term financial performance of companies like Deere & Co and Agco Corp because Russia accounts for a small part of their sales.

Even so, both companies expressed concern on Wednesday about the escalating trade fight triggered by Russia's support of Ukrainian separatists.

"We are closely monitoring the situation in Russia to determine how events will affect John Deere," Deere spokesman Ken Golden said in a statement.

"We have previously stated that Deere supports solutions that can be achieved without violence and in accord with international agreements."

Source: Reuters

return to newsletter


Leave a Comment
Email: (not displayed)

Enter the code shown above:


Subscribe to the NAEDA Update Newsletter 

© 2014 The North American Equipment Dealers Association. NAEDA Update is provided as a service to members of the North American Equipment Dealers Association. This information may not be reprinted without permission from NAEDA.

To subscribe to NAEDA Update by e-mail, send your request to or subscribe online at
To unsubscribe, click here or send your request to and type "REMOVE" in the subject line.