The farm-equipment maker forecast annual profit below estimates, causing shares to fall more than 5%. The company cited significant tariff pressures and weaker margins from its largest tractors as primary concerns. CEO John May stated ongoing margin pressures from tariffs would continue to weigh on the large farm equipment unit, with tariff costs expected to double to $1.2 billion. Lower crop prices and rising production costs have prompted farmers to defer big-ticket purchases, opting for rentals or pre-owned equipment instead.