“combines just opened last week with list price increases across all EOPs currently in the 2% to 3% range.”

In context

“tart with what's changed in our process year-over-year. Historically, our early order programs would leverage multiple phases to help shape demand and fill our production schedule. Under this approach, generally speaking, the earlier an order is placed in the program, the greater the discount for the customer. During the last few years of constrained supply, this all changed, and we leverage more of an allocation approach and attempt to meet our dealer and customer needs in a time of high demand. Given the return to more moderated demand, we have returned to our traditional approach of multiple phases with tiered discounts for products like planners, air seaters, sprayers and combines. Planters and sprayers opened earlier this summer and are currently in their second or third phase, while combines just opened last week with list price increases across all EOPs currently in the 2% to 3% range. Tractors as a reminder, are on a rolling order book with roughly 4 months of visibility, providing confidence in our production plans as we close out cyclical. Now, as we shift and talk about progress on our early order programs, coming off last year's near peak demand levels, the model year '25 sprayer EOP is currently down double-digits. That said, orders are tracking slightly above pre-2022 EOP volumes. Planter sales are also down double-digits and down relatively more than sprayers on a year-over-year. It's worth noting that historically, we have seen greater variability with implement sales throughout the Ag cycle when compared to self-propelled product. And given North American planners were another product, well above mid-cycle volumes in 2024, it is not unexpected to see a larger”