CNH Industrial revenues of around US$7 billion for the second quarter of 2015, are down 22% compared to Q2 2014, with net income for the quarter falling from US$358 million in 2014 to just US$122 million. Farm equipment net sales of just over US$3 billion for the quarter were down by nearly a third compared to Q2 2014. The farm equipment decrease in Q2 was driven by the anticipated decline in industry volumes in the row-crop sector and dealer inventory de-stocking actions – primarily in NAFTA (North America, Canada and Mexico). Net sales for CNH Industrial’s agricultural equipment division for the first half of this year of US$5.6 billion are down 31.1% on the US$8.1 billion recorded during the same six months in 2014. Worldwide agricultural equipment industry unit sales were down 4% for tractors and down 17% for combines. In the company’s key product segments in NAFTA, the over 140hp tractor segment as well as the combine segment were down 31%. EMEA (Europe, Middle East and Africa) markets, which represented 39% of net sales for the period, were down 7% for tractors and 9% for combines. CNH’s agricultural equipment market share performance was mixed in the second quarter. The concern’s tractor market share improved in all markets, most significantly in the higher horsepower tractor segment in NAFTA, but after a strong performance in Q1 2015, combine market share decreased in all regions.  In Q2 2015, CNH’s agricultural equipment’s worldwide unit production was 14% below retail sales in the continued effort to reduce channel inventory and align production with current demand. Current production levels are expected to further drive down total inventory levels in the second half of 2015. CNH Industrial forecasts total 2015 net sales of around US$26-27 billion.