July ASABE Shortline Equipment Updates Now Available
Discover the latest July 2024 ASABE national and ISO standards relevant to our members, covering topics such as braking, tractors and self-propelled equipment, etc.
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Author: Gina Clark
New Member Profile: Teles Hydraulics
Teles Hydraulics began its journey in 2004, manufacturing prototypes of hydraulic cylinders for road trailers. They manufacture over 10,000 models of cylinders for agriculture, sugar cane processing, construction, forestry, trailers, and load moving and lifting.
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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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Alamo Group Announces Q2 Earnings
Alamo Group Inc. reported results for the second quarter ended June 30, 2024.
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CNH Appoints VP For New Holland AG
CNH executives announced the immediate appointment of Ryan Schaefer to the role of Vice President for New Holland Agriculture North America.
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AGCO Reports 15% Decline in Q2 Net Sales
Net sales for the first six months of 2024 were approximately $6.2 billion, which is a decrease of 13.7% compared to 2023.
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CNH Reports Decline in Q2 Revenue
CNH Industrial N.V. reported results for the three months ended June 30, 2024, with net income of $438 million and diluted earnings per share of $0.34 compared with net income of $710 million and diluted earnings per share of $0.52 for the three months ended June 30, 2023.
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Kinze to Lay Off 193 Employees in Iowa
Kinze announced Aug. 1 that it will be implementing a reduction in its workforce in response to the ongoing economic downturn in the agricultural sector.
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Titan Announces Q2 Earnings
Titan International, Inc. reported 2nd quarter 2024 financial results which continued to reflect a difficult macro environment in most of its end markets.
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AGCO Announces Missouri/Wisconsin Dealer Updates
AGCO provided updates regarding the growth plan for its North American distribution network which includes expansions in Missouri and Wisconsin.
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Trimble Announces Q2 Earnings
Trimble Inc. announced financial results for the second quarter of 2024.
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Farmer Sentiment Improves in July
The Ag Economy Barometer Index rose 8 points to 113. At the same time, the Index of Current Conditions increased by 10 points to 100, and the Index of Future Expectations at 119 was 7 points higher than a month earlier.
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Celebrating Tricia Kidd: 25 Years of Commitment to FEMA
Please join us in congratulating our Accounting/Meeting Services Director, Tricia Kidd, on her incredible 25 years with the Farm Equipment Manufacturers Association!
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AGCO Announces Definitive Agreement to Sell its Grain & Protein Business
AGCO, a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced it has entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners (“AIP”)
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Land Pride Halts Production at Three Kansas Facilities
Land Pride has made the difficult decision to stop production at 3 of their facilities in Kansas for the month of August.
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Salford Close Osceola, IA Plant
Salford Group, a Canadian-based manufacturer of tillage, crop fertilizer and application equipment, will close its Osceola, Iowa, manufacturing plant and will lay off 51 workers.
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Five Reasons to Attend the Marketing & Distribution Convention
The 2024 Marketing & Distribution Convention is approaching and with October 22 on the horizon, now is the time to start planning. If you haven’t registered yet, here are five compelling reasons to join us:
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Attention Marketers: Update Your Membership Listing
Did you know that the Association website has a distribution partners’ directory to help members find marketers that offer the territory or services they need?
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Sneak Peek: Fall Opening Session Speaker Dean Lindsay
Get ready for an inspiring start to our Fall Convention with award-winning business author Dean Lindsay who is a renowned business culture strategist, a skilled workshop facilitator, and a powerful keynote speaker.
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Younger Workers Injured More Than Those Over 55
The proportion of work-related injuries among newly hired workers increased from 2017 to 2022, with workers under 25 reporting more frequent injuries than those 55 and older, according to a report released Thursday by the Workers Compensation Research Institute.
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New Member Profile: Liftech Industries India pvt LTD
Established in 1998 by Inderpal Singh in Ludhiana, LIFTECH is a reputed name in international markets for development and production of hitching/lifting solutions for tractors, trailers, and heavy Earthmovers.
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Promote Safety and Your Brand with Exclusive Advertising Opportunity
We invite the manufacturers of post hole diggers and rotary cutters to join us in promoting safety by placing an ad in Progressive Farmer Magazine.
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Farm Bill Prospects Nearly Nonexistent This Year
The already-slim chances of Farm Bill reauthorization in 2024 are waning in the summer heat, facing a legislative calendar almost out of days.
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Ten Ways to Protect Your Computer Network from Cyber Attacks
Protecting your computer network from viruses and attacks is essential in today’s digital age. Here are ten effective strategies to keep your system secure and your data safe—an obvious but important reminder for everyone.
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US Manufacturing Output Beats Expectations
In June, U.S. factory production exceeded expectations, with a 0.4% increase following a revised 1.0% rise in May.
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Vermeer Welcomes AEM Manufacturing Express
Vermeer recently had the pleasure of hosting the Association of Equipment Manufacturers (AEM) Manufacturing Express at The Vermeer Mile.
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Components Company Inc. Celebrates 90th Anniversary
Congratulations to, member company, Components Company Inc (CCI) who is celebrating the milestone anniversary of 90 years!
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New Member Profile: Classy Llama
Classy Llama is an agency of a different breed. They could not be more serious about the level of integrity, excellence, and commitment they bring to their clients.
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Rural Mainstreet Economy Down Again for July
For an 11th straight month, the overall Rural Mainstreet Index (RMI) sank below growth neutral, according to the July survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy.
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Deere No Longer Supporting DEI Initiatives
John Deere announced it will be ditching nearly all its diversity, equity and inclusion (DEI) polices in favor of a quality-based workplace.
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Deere Laying Off Additional Waterloo Workers
Deere announced it will lay off more than 300 production employees in Waterloo, IA, effective September 20.
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Tractor/Combine Sales Decline in June
June sales of 2-wheel-drive tractors dropped 16.3% compared to 2023, while 4-wheel-drive tractors fell 1.3% within the same timeframe. Combines sales declined as well, finishing the month 31% below June 2023.
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Register Today for the Marketing & Distribution Convention!
Whether you’re seeking innovative strategies, advanced education, networking opportunities, or insights into trends affecting your company’s future, the Fall Convention is a must-attend event for every farm equipment manufacturing professional.
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Discover Grapevine, Texas: Sip, Eat, and Enjoy the Winery Tour
The annual Marketing & Distribution Convention thrives on the belief that business and pleasure go hand in hand. A bit of social time can pave the way for more meaningful professional exchanges. What better opportunity than our Spouse/Guest Tour in Grapevine, TX?
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Exclusive Member Benefit: Free Legal Advice
Regular members of this Association are entitled to no-cost, 60-minute, confidential consultations with attorneys who specialize in labor/personnel law and dealer contract law.
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Shortline Manufacturers Score Well in Annual Dealer Survey
The North American Equipment Dealers Association (NAEDA) has released its 2024 Dealer-Manufacturer Relations Survey Report that provides agriculture and outdoor power equipment dealers the opportunity to anonymously rate the manufacturer lines they carry.
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New Member Profile: LINAK U.S. Inc.
Since 1980, LINAK has developed durable electric actuator solutions capable of heavy and repetitive movements in harsh environments.
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Overcoming ISOBUS Integration Challenges
This article continues a series exploring different aspects of technology and how they have shaped the future of ag machinery.
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AEM Launches Nationwide Manufacturing Express Tour
AEM embarks on its largest public engagement initiative in 130 years with the ‘Manufacturing Express’ bus tour where it will visit 80 communities at equipment manufacturing sites nationwide.
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Milestones and Moments: Adams’ Family Welcomes July 4th Baby
Congratulations to Marc Adams, a member of the FEMA Supplier Section, and his wife Nicole on the joyful arrival of their third child, Weston Jeffrey, born July 4.
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AGCO Announces Significant Layoffs
AGCO Corp. announced a restructuring program to streamline its workforce and cut overhead costs amid operational changes and demand challenges.
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Art’s Way Announces Q2 Earnings
Art’s Way Manufacturing Co., Inc., a diversified manufacturer and distributor of equipment serving agricultural and research needs, announces its financial results for the second quarter of fiscal 2024 and six months ended May 31, 2024.
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Understanding Insurance to Value and Coinsurance
Be prepared when insuring your commercial property and always consider your buildings and personal property through two avenues: actual cash value and replacement cost.
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Deere Announces More Layoffs in Illinois and Iowa
Illinois-based Deere & Co. recently announced more job cuts at three Midwest production facilities due to softening demand for tractors and combines.
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New Member Profile: THG Automation
In 2020, THG Automation was founded in Indiana and rapidly gained acclaim for its groundbreaking collaborative robotic welding solutions tailored to the fabrication industry
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Farmer Sentiment Lowers Amidst Weaker Future Expectations
Farmer sentiment drifted lower in June as the Purdue University-CME Group Ag Economy Barometer reading of 105 was three points lower than a month earlier.
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Webinar Invite: Driving Your Business Forward
What does the future hold for your business? In today’s rapidly evolving marketplace, everyone is curious about where things are headed. This July, join our Pinion advisors for webinars that explore the latest wave of changes and industry trends that could redefine your business strategy. Stay informed and learn how to prepare for the changes ahead.
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Farm Bill Could Block Roundup Lawsuits
The 1,000-page House version of the (Farm Bill) contains a single section that could halt some lawsuits against Roundup, according to documents viewed by The Washington Post.
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Farmers Want Climate-Smart Ag Protection in Farm Bill
A new Farm Journal poll conducted on behalf of Invest in Our Land across 10 leading agricultural states shows that American farmers and ranchers overwhelmingly believe conservation funding has an important role to play in building their operations’ resilience to increasingly extreme weather and addressing the effects of climate change.
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Rural Mainstreet Economy Faces Tenth Month of Decline
For a 10th straight month, the overall Rural Mainstreet Index (RMI) sank below growth neutral, according to the June survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy.
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