Trillions of Cicadas To Emerge in Midwest, Will They Impact Crops?
Parts of Wisconsin will be a lot louder this summer.” “Illinois to see uptick in cicadas in 2024.” “Cicadas set
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Author: Gina Clark
U.S. – Mexico GM Corn Dispute to be Resolved This Year
The U.S. trade dispute with Mexico over genetically modified corn is expected to be resolved by the end of this year.
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Commercial Renewal Rate Hikes Ease Up in January
Most major commercial lines saw monthly increases in average renewal rates in January, except for workers compensation, but the pace of the rate hikes slowed, according to a recent report.
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Record Drop in Farm Income Expected in 2024
Farmers can expect the largest recorded year-to-year dollar drop in net farm income in 2024.
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CNH Announces Q4 Earnings
CNH Industrial announced its fourth quarter and full year 2023 results. Full year 2023 consolidated revenues were $24.7 billion, up 5% year-over-year.
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H&S Manufacturing Announces Closure of Clintonville Facility
H&S Manufacturing announces the closure of its Clintonville, Wis., facility, opting to consolidate its operations at the Marshfield, WI location.
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Kubota Reports 2023 Revenue of $20 Billion
Kubota Corp.’s s 2023 revenue increased 12.8% to $20.05 billion. Domestic revenue increased 6.8% from the prior year to $ 4.27 billion because of increased revenue from Farm & Industrial Machinery and Water & Environment.
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Art’s Way Releases Fiscal 2023 Results
Art’s Way Manufacturing announced its financial results for fiscal 2023.Income from continuing operations for the 2023 fiscal year was $763,000 compared to income from operations of $374,000 in the 2022 fiscal year.
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Tractor/Combine Sales
4-Wheel Drive Ag Tractor Sales Increase Slightly in the U.S. during the first month of 2024.
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Rural Mainstreet Economy Is Negative For Sixth Straight Month
For a sixth straight month, the overall Rural Mainstreet Index (RMI) sank below growth neutral, according to the February survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy.
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Deere Cuts Profit Outlook: Borrowing Costs Hurt Tractor Demand
Deere’s sales for production and precision agriculture equipment, its largest division, declined 7% year-over-year in the fiscal first quarter. Revenue for equipment operations fell 8% to $10.5 billion year over year, but topped consensus forecasts of $10.3 billion.
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2024 Supply Summit & Showcase: Network with Peers & Meet the Experts
The Supply Summit & Showcase is April 3-5 at the Little Rock Marriott. That is only eight weeks away! You still have a chance to save $100 on the registration if you sign up by February 26.
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Let’s Meet Our 2024 Supply Summit Breakout Presenters
Learn more about Derek Wagoner, Rick Rosenhagen, Trent Johnson and Dan Zastava who will lead breakout sessions at the 2024 Supply Summit and Showcase.
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Sneak Peak: Commemorative Supply Summit T-Shirts
Don’t miss your chance to receive your commemorative t-shirts from the Supply Summit’s Walk/Run and Ninth Annual Crawl.
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Unlock New Sponsorship Opportunities at the Supply Summit!
Our revamped sponsorship packages now offer prime booths with extended display time, providing an even greater platform for showcasing your offerings.
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Scenes from the Iowa Ag Expo & Association Reception
The Association recently hosted a reception at the Iowa Ag Expo where fellow exhibitors and members got a valuable chance to network and discuss the latest happenings in the shortline industry.
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Exploring the Growth of Computers: A Trip Through Time
This article kicks off a series exploring different aspects of technology and how they might shape the future of ag machinery.
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61% of Dealers Report Under 100HP Tractor Inventories As ‘Too High’
According to a recent poll, more than one-half (60.5%) of dealers described their under 100 HP tractor inventories as “too high.
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NASDA Establishes Federal Policy Priorities for 2024
The National Association of State Departments of Agriculture has chosen five issues to serve as the organization’s primary policy focus for 2024. They include the 2024 Farm Bill, food safety, labor reform, pesticide regulation and PFAS.
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Happy Anniversary and Welcome!
Happy Anniversary to our members celebrating milestone anniversaries. We would also like to extend a warm welcome to our newest members.
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Weakening Commodity Prices Cast Shadow on Farmer Sentiment
Farmer sentiment took a downturn at the start of 2024 as the January Purdue University-CME Group Ag Economy Barometer Index fell to a reading of 106, 8 points below a month earlier. Declining prices for key commodities weighed on agricultural producer sentiment in January.
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ASABE Updates Relevant to FEMA
Find the latest ASABE standards relevant to our members related to braking, tractors and self-propelled equipment, towed implements, tillage, lighting/marking, and more.
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AGCO Reports Q4 Earnings
AGCO reported net sales of $3.8 billion for the fourth quarter of 2023, a decrease of 2.5% compared to the fourth quarter of 2022.
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House Approves Tax Relief for Farmers
AFBF President Zippy Duvall commented on the recent passage of the Tax Relief for American Families and Workers Act in the House of Representatives.
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Kubota Pays $2 Million For False Made in USA Claims
Kubota North America Corporation has settled with the U.S. Federal Trade Commission (FTC) over its Made in USA Labeling Rule.
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Deere Partners with SpaceX on Satellite Communications
Deere & Company announced Jan. 16 it has entered into an agreement with SpaceX to satellite communications (SATCOM) service to
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Unverferth Completes Expansion of Iowa Manufacturing Plant
Unverferth Manufacturing Co., Inc. has completed a major addition of a 5,000-square-foot facility and renovations at its Shell Rock, Iowa, plant.
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Registration Now Open: 2024 Supply Summit & Showcase
Register by January 29 to save $200! Don’t miss this opportunity to be part of a dynamic event that combines industry knowledge, networking, and the chance to explore new possibilities.
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Lock and Load: Trap Shooting Returns For 2024 Supply Summit
After a short hiatus, the ever popular trap shoot is back on the books at the upcoming Supply Summit & Showcase in Little Rock, AR. Recognized as one of the most action packed events at the show, the trap shooting experience promises thrill, camaraderie, and unforgettable memories.
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New Supply Summit Sponsorship Packages Available!
Sponsorships at the Supply Summit & Showcase provide a valuable opportunity to help your company stand out from the crowd and get noticed. Custom packages are now available.
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Rural Mainstreet Economy Slumps Fifth Straight Month
Higher interest rates, weaker agriculture commodity prices and a credit squeeze are having a significant and negative impact on Rural Mainstreet businesses and on Rural Mainstreet farmers.
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IRS Bumps Up Mileage Rate for 2024
The IRS announced that standard mileage rate in 2023 will be 67 cents per mile.
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Guss Introduces First Electronic Autonomous Herbicide Sprayer
Hats off to member company Guss Automation LLC, for the remarkable achievement of introducing the world’s first electric autonomous herbicide orchard sprayer!
Read moreFEMA Members / Directors Join Manufacturer Advisory Board
Farm Equipment is pleased to announce the formation of its first-ever manufacturer advisory board. The purpose of the board is
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Save the Date: Iowa Ag Expo Reception
The Farm Equipment Manufacturers Association is hosting a reception on Tuesday, Jan. 30 after the Iowa Expo closes. Don’t miss your chance to network with fellow exhibitors and discuss what is happening in the industry.
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Combine Harvester Sales Rise While Tractor Sales Fall
Combine harvester sales closed out the year ahead of 2022 levels, while almost all tractor segments saw declines in both the United States and Canada.
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AGCO Brings Back Furloughed Hesston Workers
AGCO’s critical upgrades to its Hesston facility went live on Jan. 1, 2024, and the company brought back the first group of employees the first week of January.
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Farmer Sentiment Stabilizes
U.S. farmers’ sentiment changed very little in December compared to the preceding month. The Purdue University-CME Group Ag Economy Barometer recorded a reading of 114, just one point lower than a month earlier.
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ASABE Withdraws Standard on Forage Equipment
The American Society of Agricultural and Biological Engineers (ASABE) has withdrawn ASAE S328.3 JUL2003 (R2020) Dimensions for Compatible Operation of Forage Harvesters, Forage Transporters and Forage Blowers.
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Registration Now Open for 2024 Supply Summit & Showcase
Registration is officially OPEN for the Supply Summit & Showcase! Register by January 31 to save $200!
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In Memoriam: Former FEWA President Jere Fonda
Jere Fonda passed away on December 28 and is a past president of the Farm Equipment Wholesalers Association (FEWA) and 3rd generation owner of the John Day Company.
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Kinze Pays $4 Million for 443 Acres in Arizona
Kinze has purchased a 443-acre agricultural land tract south of the Phoenix, Ariz., metro area.
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California’s Prop 12 Is Now Law
Proposition 12, the California law that prohibits the sale of whole pork in the state that comes from the offspring of sows raised in gestation crates, is ready to be implemented.
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Buhler Industries Acquired by Turkish Company
Buhler Industries, the Winnipeg-based company that is the last surviving tractor manufacturer in Canada, has been acquired by a Turkish agricultural equipment company.
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Titan Machinery Acquires Scott Supply
Case IH and New Holland dealer Scott Supply in Mitchell, S.D., has been sold to Titan Machinery effective Jan. 10, 2024.
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Mainstreet Economy Slumps For Fourth Straight Months
For a fourth straight month, the overall Rural Mainstreet Index (RMI) sank below growth neutral, according to the December survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy.
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FEMA Members Honored with AEM Advocacy Award
The Association of Equipment Manufacturers (AEM) announced the 2023 recipients of the annual AEM Advocacy Award, which recognizes companies for their outstanding contributions to the AEM’s advocacy efforts.
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Scenes from the Nebraska Ag Expo and Association Happy Hour
The Association hosted a reception for our members at the Nebraska Ag Expo on Dec. 5.
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2024 Advertising Opportunities Now Available
Advertisers in the Shortliner reach roughly 2,000 decision makers at every stage of the farm equipment supply chain.
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Business Travel Tax Deductions
Many people travel for their job – some for an occasional conference and some travel year-round. Whatever their time on the road, business travelers should know how and when to deduct business travel expenses.
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