Supreme Court Declines to Hear Manufacturers' Appeal
Last week, the U.S. Supreme Court declined to hear an appeal by Deere, Kubota and Husqvarna challenging the New Hampshire Auto Dealer Bill of Rights, which retroactively extends the reach of the state’s automobile-dealer law to the farm equipment industry, thereby. . . >>>
Seek Advice When Facing a Fork in the Road
All agricultural businesses will periodically face forks in the road whereupon decisions, both strategic and financial, must be made concerning the future of the business. The causes are numerous and include an older generation of management/ownership planning for succession, new partners and/or managers entering the business, younger family members not wanting to exit the business, presentation to the ownership of a significant opportunity for the business, and/or a long-term downturn impacting the business negatively and challenging the balance sheet. >>>
Uber Aims to Transform Trucking Industry
Uber has entered the freight business.
The company started in 2009 as a phone app to summons a driver, and it is today the world’s most valuable venture-backed startup at $68 billion. This summer, it bought Otto for $680 million. >>>
Kanicki to Moderate Dealer, Distribution Panel
Dave Kanicki, who is executive editor of Farm Equipment and editor/publisher of Ag Equipment Intelligence, will lead a panel discussion with dealers and distributors about the status of the industry, how shortline products fit into dealers’ plans, and how to improve communication between manufacturers and dealers. >>>
You're Invited: Private Tour of USS Midway
The nation’s longest-serving naval aircraft carrier is berthed near the site of our Fall Marketing & Distribution Convention, and you’re invited to a private tour on Thursday morning. If you plan to join us, please let us know. >>>
Candidates Answer Farm Bureau Question on Regulations
Farm Bureau Federation:
As president, what actions will you take to minimize the federal government’s regulatory burden on businesses such as farming and ranching? Will you support regulatory reform to ensure that federal regulations pass a cost-benefit test and make the process of writing new regulations more transparent? >>>
Ag Writer Takes California Regulators to Task
How much longer can California agriculture legitimately continue to remain in business under current political climate? And, if it cannot, where else in the United States can farmers replicate the state’s Mediterranean climate and rich soil? >>>
Bill Aims to Help Small Manufacturers
Sens. Sherrod Brown (D-Ohio) and David Perdue (R-Ga.) have introduced a bill aimed at making it easier for small and medium-sized manufacturers to finance new facilities.
The bill centers on a type of tax-exempt bond that can be used to finance manufacturing facilities for small- and medium-sized businesses. >>>
Optimism in Machinery Market
Investment research firm Morningstar, Inc., has released an industrial report that suggests good news for ag.
"...although short-term headwinds are clear and causing unrest, latent pockets of optimism lead us to conclude undervalued opportunities are present for stakeholders." >>>
Bass Pro Buys Cabela’s
Bass Pro Shops reached a deal last week to acquire Cabela’s Inc. for about $4.5 billion in cash, combining two of the biggest sellers of outdoor-sports equipment and apparel. >>>
‘Too Many Hogs’ Send Prices to Seven-Year Lows
Hog futures plumbed fresh seven-year-lows last week after the USDA report on hogs and pigs showed the nation’s hog herd at about 70.9 million head on September 1. This is the highest level seen since the launch of the report in 1988.
Raw Steel Production Declines
U.S. steel mills last week produced the lowest weekly output of raw steel since the second week in January. >>>
North Carolina Activates Hurricane Hotline for Farmers
The North Carolina Department of Agriculture and Consumer Services has activated its toll-free hotline to help farmers affected by Hurricane Matthew connect with resources that can assist with recovery. >>>
Opportunity Takes Shape for U.S. Corn in Brazil
Brazil recently paved the way for imports of U.S. corn following a short corn crop, according to industry sources.
Regulators in Brazil last week met and authorized outstanding biotech products needed to open Brazil for U.S. corn exports. >>>
Judge Sentences 'Right to Farm' Pot Grower
Man claims 300 pot plants in his home as his farm... argued the “Right to Farm” amendment voters approved in 2014 guarantees the right to cultivate marijuana. The amendment states, in part, that “the right of farms and ranches to engage in farming and ranching practices shall be forever guaranteed in this state.” >>>
Ag Machinery Sales in Russia Improve
The investment freeze in Russian agriculture is thawing, thanks to this year’s good harvest and government subsidies, tractor-dealer Ekotechnika said. >>>
Mahindra to Build in Canada
A fund to help Canadian communities diversify from the asbestos business will support construction of a 22,000-square foot industrial building for Mahindra near Quebec City. It will be the tractor manufacturer’s first facilities in Canada. >>>
U.S. Manufacturing Expands in September
U.S. manufacturing expanded at a modest pace in September after unexpectedly shrinking a month earlier, underscoring limited progress for the sector.
The Institute for Supply Management’s (ISM) index advanced to 51.5 from August’s 49.4 reading, which marked the first contraction in six months. Any reading above 50 signals growth. >>>
Deere dealers are merging. Another dealer chain wants to sell and lease back its properties. And WEDA's accounting firm has released its Cost of Doing Business report. >>>
Art's Way Announces Q3 Results
Art’s Way Manufacturing released its third quarter results.
Sales for the quarter were $6.43 million and $17.44 million for the nine months ending August 31 >>>
This month, we recognize the anniversary of a company who has been a member since the founding of the Association. >>>
Member Companies in the News
We found several members mentioned in articles over the last two week. Danuser, Worksaver, Kinze and Moridge Mfg Inc - Grasshopper. >>>
Fall Issue of Ag Innovator Explores 'New Normal'
The fall issue of Ag Innovator is on the way. Among the pieces members will see is when by Doug Griffin exploring the "new normal" of the farm equipment market and offering insight into how shortline manufacturers can best compete. Also in this issue are ... >>>