UPDATE: High Court Blocks Biden’s Vaccine Mandate for Large Employers
At least until the hearing, the mandates are in effect. It is possible that justices will decide then to stay the orders until they issue a decision.
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Author: Kristi Ruggles
Supply Chain Challenges Make This Summit Especially Relevant
Meet suppliers. Talk to peers who have found creative solutions to problems that plague the industry. Hear from experts on supply chain, the economy, leadership, and more.
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Ocean Shipping Rates May Double in 2022
Trucking companies are projecting double-digit growth in contract rates for 2022.
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Boards of Four Dealer Associations Vote to Merge
The joint boards of EDA, MSEDA, UEDA, and WEDA have taken the first step to consolidate their associations.
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COVID Relief Fraud Could Cost $100 Billion
The Justice Department earlier this month said that its fraud section has prosecuted over 150 defendants in more than 95 criminal cases stemming from fraud schemes involving the Paycheck Protection Program.
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Deere Buys Battery Developer, Connectivity Platform
Kreisel Electric will retain its brand and continue to operate in Austria. AgriSync will sunset its brand and focus exclusively on the Deere-branded version of its product.
Read moreAGCO Invests in Greeneye Technology, Acquires Appareo
Greeneye’s system uses artificial intelligence to detect and spray individual weeds with the goal of reducing herbicide usage.
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Low Inventories Influence Plans to Buy Farm Equipment
Nearly four out of 10 farmers who responded to the survey expect input prices to rise by more than 30 percent in the upcoming year.
Read moreClaas Reports Nearly 20 Percent Rise in Revenue
In its outlook, Claas said it expects the supply situation and price development on the procurement markets to present a greater risk in 2022.
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CNHI Demerges from Iveco, Invests in Sampierana
Sharholders of CNH Industrial have approved the demerger of Iveco Group business from CNH Industrial. CNH Industrial has also completed its purchase of 90 percent of the capital stock of Sampierana S.p.A.
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Farm Equipment Sales Index Hits 10-Year High
While the indices show economic growth, bankers warned that inflation and rising costs of input and land could hinder rural economies.
Read moreMurdock Joins Montag
“Mr. Murdock has extensive experience in OEM marketing and dealer network sales support, and we are fortunate to have him join our family of talented employees,” said CEO Anthony Montag.
Read moreUnverferth Names VP of Sales
He succeeds Dan Fanger, who retires this Friday after a distinguished 56-year career with the company.
Read moreBuhler Sells Shares to Combine Factory
Prior to completion of the acquisition, the company held about 80 percent of Buhler’s total issued and outstanding shares. Now it holds about 97 percent of Buhler’s shares.
Read moreSuppliers Meet Next Week to Plan Summit
Supplier board chairman Scott Moss said the board will focus on “making the most of our host city and planning events that will create opportunities to talk business and have fun.”
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AGCO Partners with College to Train Techs
The program will leverage AGCO technical experts to train technicians from existing dealerships.
Read moreKirby Brings Piece of Aviation History to Museum
The aircraft was used during a mission in the Middle East. It was the first of five that will be moved from Hawaii to Atwater, Calif.
Read moreDealer News
See the latest in acquisitions among dealers in the eastern U.S.
Read moreIRS Bumps Up Mileage Rate for 2022
The standard mileage rate for business travel in 2022 is 58.5 cents per mile, the IRS announced.
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Members’ Dues are Fully Deductible
For the fiscal year that ended Aug. 31, the Association did not participate in activities that would require members to declare a portion of their member dues as non-deductible.
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Happy Anniversary, and Welcome
See what companies have recently applied for membership in the Association and who is celebrating milestone membership anniversaries.
Read moreAssociation Notice: Full Member Dues Deductible
The Association did not participate in activities that would require members to declare a portion of their member dues as non-deductible.
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Is the Worst Over in Supply Chain Mayhem?
In a memo to clients, one economist wrote: “It is still going to take a long time for the supply chains across the country to be fully restored, but at least the first steps appear to be in place towards normalcy.”
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Profit Outlook for Farmers Remains Strong
USDA forecasts 2021 net farm income to increase by 23 percent compared to 2020, which would be the highest inflation-adjusted profit level farmers have earned since 2013.
Read moreTractor/Combine Sales
Strong sales continue to the 100-plus horsepower tractor category in both Canada and the U.S. Sales of four-wheel drive tractors declined.
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Worry Over Production Costs Mounts for Farmers
The Farm Capital Investment Index declined, which seems to be a function of supply chain problems as well as concerns about rising input costs.
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Courts Stop Vaccine Mandate
The White House mandate for employees of federal contractors to be vaccinated will be halted nationwide. Challenges are pending against other mandates, including a mandate for private-sector employers with 100 employees.
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Flooding, Mudslides Threaten Canadian Grain
Canada’s rail lines are operating fully now, but the “reverberations back through the grain supply chain will be measured in months.”
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Six in 10 Containers Leave U.S. Ports Empty
Voracious demand for imported goods by U.S. consumers has pushed up rates for freight being shipped across the Pacific from Asia to the U.S., making that trip far more lucrative than the journey from the U.S. to Asia.
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From the Association to You: Merry Christmas
Through decades of membership, time-tested friendships, shared experiences, and mutual support, there is a family here that defies genetics.
Read moreMacDon to Partner with Case IH, New Holland
In separate news releases last week, Case IH and New Holland Agriculture announced partnerships with MacDon Industries related to draper headers.
Read moreCNH Completes Raven Acquisition
CNH Industrial has completed its acquisition of precision agriculture technology and member company Raven Industries.
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Is Your Directory Listing Up to Date?
Members use this directory until the corners are curled and the pages coffee-stained. It is important your company’s listing is current and accurate.
Read morePoettinger Hits Record Sales in Milestone Year
Sales revenue in Canada increased by 48 percent at Poettinger, which drove a record in sales during the company’s 150th year.
Read moreDeere to Expand IT Workforce
Deere will add 150 IT jobs at a new office in Chicago with a goal of hiring 300 people to support IT and other roles.
Read moreKubota Invests in Tree Crop Tech
The tech company uses image analysis technology and AI to assess plant growth and detect pests on grape, blueberry, and other tree crops.
Read moreKubota Names New CEO
The newly appointed chief executive has been with Kubota for 32 years. He has worked in the company’s U.S. business as well as held executive roles in Europe.
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Shift to Domestic Supply Chain Could Fuel Inflation
While supply-chain bottlenecks should eventually ease, other trends could persist: policies such as tariffs and “Buy American” procurement rules, businesses moving production back to the U.S., and depressed immigration inflows.
Read moreLockdown in China Threatens Supply Chain
The district shut down is one of six below Ningbo, which has one of the world’s largest ports, raising concerns the already stressed supply chain may face more trouble.
Read moreAgritechnica Calls Off February Show
A fourth wave of COVID in Germany prompted the decision. The show was expecting 2,000 exhibitors.
Read moreDealer News
See the latest in acquisitions and plans to build.
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Retirement Contribution Limits to Change in 2022
Taxpayers in 2022 can put an extra $1,000 into their 401(k) plans.
Read morePrecision Planting to Buy Software, App Company
The purchase “complements AGCO’s vision of being the trusted partner for industry-leading smart farming solutions …”
Read moreDeere CEO Named to Seat on Ford Board
John May’s appointment expands Ford’s board to 15 members.
Read morePort of Savannah Breaks Cargo Record
The port handled 8.7 percent more cargo in October this year than it did in October last year and the most in its history.
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Survey Offers Manufacturers Insights into How to Support Dealers
If manufacturers can provide better images, real-time updates to parts and whole goods, and easier to navigate co-op policies, they stand to grow their revenue and build loyalty among dealers.
Read moreImpact of Deere Strike Appears Minimal in Earnings
The five-week strike that straddled the end of a fiscal year and start of another likely cut Deere’s production by 10 to 15 percent, but earnings remained strong.
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What is Multifactor Authentication, and Do You Need It?
When 80 percent of breaches are still caused by weak, reused, and compromised passwords, businesses need to focus on putting a stronger security foundation in place. Consider MFA.
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Association Offers Cyber Security Member Service
Members of Farm Equipment Manufacturers Association now have access to a no-cost online service to protect against cyberattacks.
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Sentry Offers Webinar on Work Comp
Discuss challenges in the work comp industry, emerging technologies and analytics to improve the process, achieving better outcomes for workers, and more.
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