Dealer Release News of Earnings, Expansion
Earnings reports show farmers continue to be conservative in choosing to invest in equipment.
Read moreAuthor: Kristi Ruggles
EDA Announces New Board Chairman
The Equipment Dealers Association has elected a new chairman for its board.
Read moreFABTECH Changes Dates for Chicago Event
Beginning in 2021, FABTECH Chicago will shift its dates to September.
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PEER Chain Appoints National Sales Manager
Kevin Shrout has been named national sales manager of PEER Chain. He brings 29 years of distribution experience to the role.
Read moreAg Group Offers Lobbying Resource to Encourage Passage of USMCA
The Agriculture Retailers Association has created a tool that helps proponents of the new NAFTA reach out to lawmakers to urge passage of the trade deal.
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See Compensation for Manufacturing Workforce in These States
Take a look at the annual compensation for manufacturing employees in these states, plus the states’ percentage of workforce employed by manufacturing and the sector’s economic output.
Read moreEmployers’ Legal Responsibilities Around Marijuana
As more states legalize marijuana, employers seek guidance on their workplace policies. That guidance is available to members on this issue and many others.
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Projected Ag Exports to China Would Shatter Previous Amounts
China wants a rollback in tariffs in the trade war before it can feasibly agree to buy as much as $50 billion of American agriculture products.
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Fine Print on Ethanol Proposal Disappoints
Details released last week as part of the Trump administration’s proposal to boost ethanol are getting low marks from corn farmers and ethanol advocates.
Read moreFarm Equipment Index Moves Toward Growth
The October farm equipment-sales index improved to 39.7 from September’s 35.9. This reading is the highest it has been since June, although at the below-50 mark, it does not yet represent growth in the market.
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Hemp’s THC Levels Critical, Unpredictable
Factors such as elevation, rain, and temperature can affect the THC level of the hemp plant. If the THC creeps too high, the plant becomes marijuana, which is illegal.
Read moreHemp Production Outpaces Infrastructure
A company that manufactures extraction machines used to make CBD estimates that as much as $7.5 billion in hemp may rot on farms.
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Art’s Way Sees Top-Line Growth, Ag Sales Dip
Despite an overall sales decrease, Art’s Way saw increased sales for the nine-month period in land maintenance equipment, plows, beet equipment, bale processors and dump boxes.
Read moreDealer News
Check out this merger in Missouri and Illinois and an acquisition in Arkansas.
Read moreDot Technology Establishes Subsidiary
Dot Technology Corp. has established a subsidiary to focus on computer vision, machine learning optimization, and intelligent navigation.
Read moreDeere Reduces Workforce
Deere recently announced indefinite layoffs amid demand woes.
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Farmers Feel Better About Tomorrow, Worry More About Today
Although the Ag Economy Barometer dipped only slightly, there was a relatively large sentiment shift among ag producers as they were noticeably more pessimistic about current conditions but somewhat more optimistic about future economic conditions.
Read moreU.S. Pork Exports Spike
Export sales of American pork soared earlier this month as buyers stocked up in anticipation of a widening protein gap created by the spread of a pig-killing disease in Asia.
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Beef Prices Rise in Response to Demand in Asia
Cattle prices in the U.S. have risen since September as a protein shortage in Asia drives bets that livestock will be in increasingly high demand.
Read moreReal ID: What Travelers Need to Know
Nearly 40 percent of Americans do not have a form of identification that will be accepted by airport security beginning Oct. 1, 2020.
Read moreEU’s Wine, Whiskey, Cheese Facing Tariffs
The U.S. will impose tariffs on about $7.5 million worth of products imported from the European Union.
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Succession: Clues to Know if Your Planning Falls Short
Have you spent the last 40 years building your company just to hand it over to the highest bidder? Take a look at these five indicators.
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Prepare for Changes to W-4
New employees must complete the new W-4 form in 2020, as will employees who wish to adjust their withholding.
Read moreNews from ASABE
See the latest from ASABE related to lighting and marking, speed identification signs, braking for towed equipment, and more.
Read moreWeird News: Angry Farmers Beat, Drag Mayor
Angry farmers were arrested in southern Mexico recently after they allegedly dragged the village mayor out of his office, beat him, and then tied him to a pickup truck and dragged him through the streets of the town.
Read moreEgg Glut Hurts Ag Economy
Too many hens laying too many eggs are pushing down prices for the consumer staple, hurting sales at producers and adding more stress to the farm economy.
Read moreRural Economy Hovers Above Growth Line
Creighton University has released its October report of the Rural Mainstreet Index, and it offered a glimmer of positivity for
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Association Partners with ASABE to Provide Resources, Advocacy for Members
Manufacturing members of this Association who do not belong to ASABE are entitled to a CD or USB card that contains 275 current ASAE/ASABE standards, engineering practices, and data. This is a $650 value, and it is only part of what the Association offers members in standards advocacy and resources.
Read moreFederal Crop Insurance to Increase Payments
Farmers who could not plant a crop this year because of flooding will receive extra assistance from the federal crop insurance program. An economist from the U of I said the payment “is more generous than I expected.”
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U.S., Japan Reach Agreement on Trade
A limited trade deal between the U.S. and Japan will deliver similar access to Japan’s agricultural market that Tokyo was offering under the Trans-Pacific Partnership. It also will help producers keep pace with competing nations that are now benefiting from their own trade agreements with Japan.
Read moreWhite House Seeks Solution for Corn Growers, Ethanol
The White House is putting together a deal to mitigate damage done to corn growers and the ethanol industry as a result of waivers being granted to small oil refineries. Ethanol advocates are asking for the administration to remain committed to the 15-million gallons a year called for in the Renewal Fuel Standard.
Read moreDeere Turns to U.S. After Growth Overseas Stalls
John May, Deere’s incoming chief executive, will narrow the company’s focus to enhancing technology and growing the U.S. market. This is a pivot from CEO Sam Allen’s emphasis on selling more equipment in developing markets overseas.
Read moreAfrican Swine Fever Advances in Asia
South Korea has now been hit with African swine fever. A veterinarian with the National Pork Board said the global outlook continues to worsen.
Read moreChina Buys Ag Products of ‘Considerable Scale’
Chinese buyers have “completed deals to buy soybeans and pork of considerable scale.” Negotiators are due to resume talks this month in Washington.
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Millions More Qualify for Overtime Pay
The Trump administration has boosted the number of workers eligible for overtime, extending pay requirements for about 1.3 million people.
Read moreAgrisolutions Moves to Bigger Space
Agrisolutions has opened a new 110,000-square-foot facility in Rock Island, Ill. It is quadruple the size of its previous space.
Read moreA Special Thanks to Convention Sponsors
The Association sends a special thanks to these member companies for sponsoring portions of the convention in St. Louis.
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Solberg Joins Dot Technology
Dot Technology, which is in its commercialization phase, has added Craig Solberg as its director of sales and retail development.
Read moreDealer News
EDA has elected a new board member, and two dealerships have new names.
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Get Time Management Tips in Ag Innovator
In the fall issue of Ag Innovator magazine, we hear from speaker and writer John Hall, who offers tips on how to manage our time.
Read moreOSHA Releases Top 10 Most Frequent Citations
OSHA has released the list of its 10 most frequently cited standards during the 2018 fiscal year.
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Mainstreet Index Bounces Above Growth Neutral
The Rural Mainstreet Index for September climbed above growth neutral. The farm equipment-sales index also improved.
Read moreAnnual Business Meeting, Election of Officers
The Association will hold its Annual Business Meeting and election of directors Wednesday, Nov. 6, in St. Louis.
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Measuring the Value of the St. Louis Marketing & Distribution Convention
Join the nearly 300 executives who have already registered for the November meeting in St. Louis. Nearly 60 marketers also already registered. Links to registration lists and more.
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Direct Flights to STL Convention
Southwest Airlines is offering these one-way rates on direct flights to St. Louis through Thursday.
Read moreConvention: Learn, Network, Sell
When we gather in St. Louis, the Association will offer a combination of structured, introductory time for manufacturers to meet marketers, time and space for one-on-one meetings, and a roster of standout speakers. See them here.
Read moreAlamo to Acquire Morbark
Alamo Group Inc. has agreed to acquire 100 percent of the outstanding capital shares of Morbark, LLC. CEO Ron Robinson said the acquisition will “expand and complement our range of vegetation maintenance equipment in an adjacent market.”
Read moreDeere Sues Former Employee, Husband-Wife Duo Over Trade Secrets
Deere filed suit this week in U.S. District Court against two former employees for allegedly stealing trade secrets. The suit claims the husband and wife downloaded, transferred and removed confidential information while planning their exits.
Read moreDealer News
Check out this long list of acquisitions.
Read moreCNH Industrial Acquires AgDNA
CNH Industrial has agreed to acquire AgDNA, a farm management information systems company. In other news, the company announced it plans to split into two distinct off-highway and on-highway business segments.
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