Dealer Panel Will Offer Farm Equipment Industry Insights
How can shortliner manufacturers best work with their independent dealers during the current market correction?
What issues keep dealers awake at night?
To gain further insights, and perhaps hear some answers, to the Dealer Panel on Thursday, Nov. 6. - During this panel discussion, industry experts will discuss sales expectations, consolidation, dealer purity, state regulations and, in general, how to improve the important partnership between shortline manufacturers and their independent dealers. >>>
Kondex Welcomes Senator Johnson on Manufacturing Day
On October 3, Kondex Corporation celebrated National Manufacturing Day with a visit from U.S. Senator Ron Johnson (R-WI). The senator toured Kondex’s plant near Lomira, WI, and gave a presentation on the state of the nation to Kondex associates; approximately 100 students from Lomira Middle and High Schools; and representatives from the Lomira School District, Village of Lomira, Dodge County Board, and Association of Equipment Manufacturers (AEM). >>>
ASABE to Adopt Updated ISO Standard for Rear-Mounted PTO Linkages
The American Society of Agricultural and Biological Engineers (ASABE) has initiated a project to nationally adopt recently amended international standard ISO 730:2009, Agricultural wheeled tractors. Rear-mounted three-point Linkage. Categories 1N, 1, 2N, 2, 3N, 3, 4N and 4. >>>
Cyber Criminals Target U.S. Companies Like "Drunken Burglars"
“They’re kickin’ in the front door, knocking over the vase, while they’re walking out with your television set. They’re just prolific. Their strategy seems to be: ‘We’ll just be everywhere all the time, and there’s no way they can stop us,’” Comey said. >>>
ASABE Initiates Four Standards Projects for Mowers
The American Society of Agricultural and Biological Engineers (ASABE) has initiated four standards projects for rotary disk, drum, and flail mowers. >>>
KMW Adds Kansas Tractor Works Facility, Edney Distributing
KMW Ltd., manufacturer of front-end loaders and backhoes for tractors, announced the addition of Kansas Tractor Works to its operation. Kansas Tractor Works, located in Lyons, KS, provides detailed assembly and pre-delivery services on both farm and utility equipment. >>>
Employers Face Affordable Care Act Deadline
Even those who already met the law’s requirement to offer health insurance to at least 70% of full-time staffers by 2015 are trying to determine whether their plans are affordable to their employees, as required under the law. The cost cannot exceed. . .
Smaller businesses, those with 50 to 99 workers, have until 2016 to comply with the law. Companies with fewer than 50 workers are exempt from the employer mandates >>>
Art's Way ReleasesThird Quarter Results
Art’s Way Manufacturing Co., Inc. announced its financial results for the three and nine months ended Aug. 31, 2014.
Third quarter sales for the company’s manufacturing division were $9.3 million, compared to $8 million the same period of 2013, an increase of 17.0%. Nine-month sales for 2014 in the division were $21.4 million, compared to $22.7 million for the same period in 2013. >>>
Help Wanted: Ag Products Sales Manager
A 50-year-old family-owned and -operated, short-line equipment manufacturer seeks an Ag Products Sales Manager.
Business models to market are direct-sales staff, independent sales representatives and distributors.
The position requires extensive travel throughout North America. Estimated travel time is 50%. >>>
Custom Products Breaks Ground for Plan Expansion
The planned 20,000-square-foot expansion to its Litchfield, MN, facility will enable Custom Products to begin manufacturing cabs using expanded processes for several new major customers. Some of the added capabilities include warehouse expansion, new tube-bending equipment and the addition of an off-site paint and finishing facility. The company projects that an additional 31 jobs will be added, due to the increased volume. >>>
U.S. and Brazil Agree to End WTO Cotton Dispute
The United States will make a one-time final contribution of $300 million to the Brazil Cotton Institute, and Brazil will terminate the cotton case and give up its rights to countermeasures against U.S. trade or any further proceedings in the dispute. Brazil also agreed not to bring new WTO actions against U.S. cotton support programs while the current U.S. Farm Bill is in force or against agricultural export credit guarantees under the GSM-102 program. >>>
Early Orders for Ag Machinery Are Down vs. Last Year
Final results from Farm Equipment’s “2015 Dealer Business Outlook & Trends” survey indicate that equipment early orders are down compared to what North American farm equipment dealers have seen over the past few years. Just over 300 dealers responded to the question, “How do your pre-sells or early orders this year compare with early orders last year at this time?” and 60% said their early orders are down. In last year’s survey . . . >>>
California Winery Fined $115,000 for Using Volunteer Workers
Bill Smyth runs Westover Winery in Livermore Valley, CA, as a hobby, and he’s going out of business after being fined $115,000 for using volunteer workers.
Smyth, a retired teacher, said he usually works only about 10 hours a week at the winery, sells about $200,000 worth of wine a year, and nets about $11,000 in income.
Recognizing October Member Anniversaries
This month we thank the following companies for their membership in the Farm Equipment Manufacturers Association and their continued support. We look forward to having them, and you, as members for many more years.
Congratulations to these member companies on their October anniversaries. >>>
Omni Gear Sponsors Formula E Race Team
Omni Gear, a Houston, TX-based manufacturer of power transmissions and gearboxes, announced it is sponsoring a Formula E race team, Team China. Formula E is an FIA-governed single-seat vehicle series, and the world’s first fully-electric racing series. >>>
AGCO Cuts Profits Hopes Again, Citing Weak Sales
For a second time, AGCO cut its forecast for full-year earnings, citing “lower sales levels across all regions”. . . The group attributed its downgrade to “lower sales levels across all regions, lower production and foreign currency translation”, with the rise of the dollar to a four-year high against other currencies such as the euro. >>>
Deere to Cut 10% of Workforce at Brazil Factory
Deere & Co. said it will lay off nearly 10% of its workers at a factory in southern Brazil, citing falling equipment sales in South America and “the volatility of the Brazilian market” . . . The Horizontina factory, where the layoffs will take place, has roughly 1,800 workers and produces mechanical harvesters and planters. Deere has four other factories in Brazil. >>>
ASABE Announces Updates to Power Take-Off Standards
The American Society of Agricultural and Biological Engineers (ASABE) announced the completion of three standards projects related to power take-off drive shafts and related equipment.
The new standards are:
Revision ANSI/ASABE S604.1, Safety for Power Take-off (PTO), PTO Drive Shafts, and Power Input Connection (PIC) for Agricultural Field Equipment
Adoption with deviations of ISO 5673-1:2005, ANSI/ASABE AD5673-1:2005, Agricultural tractors and machinery — Power take-off drive shafts and power-input connection — Part 1: General manufacturing and safety requirements >>>