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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Author: Kristi Ruggles
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.
Read moreJCA Announces New CEO, New Location
Darcy Cook has been with JCA for eight years. He has been developing off-road electronic control systems for 20 years and has also spent time designing satellites systems for the Canadian Space Agency.
Read moreWalterscheid Buys IFA Kardan
“This acquisition is another strategic step for us and will expand our driveshaft portfolio even further,” Walterscheid’s CEO said.
Read moreRevenue Dips, Gross Profit Climbs at Buhler
The company stated that demand for products remains strong and it is working to increase production to meet the growing order backlog.
Read moreOn An Association Committee? Check Your Inbox
The Association is calling on member executives to renew their commitment to committee work or get started this year. The work helps define our direction.
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ASABE Updates, Revises Standards
ASABE has adopted a new version of an ISO standard for mechanical connections of towed vehicles. It also has completed revisions to parts of a series on ag field equipment braking.
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Sentry Offers Comprehensive Safety Toolkit
“The content is designed to provide more than just lists of what manufacturers need to do,” said Sentry’s Bryant Hintz. “It is designed to give manufacturers examples and resources to help build their safety programs.”
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Supply Chain Challenges Accelerate 3-D Printing Use
A rise in global shipping costs and new techniques are making the technology more attractive, and “increased flexibility and confidence on lead times may help drive efficiencies …”
Read moreWith Financing Secure, Monarch Plans Expansion
In related news, CNH Industrial has entered into an exclusive, multi-year licensing agreement for electrification technologies with Monarch Tractor.
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Kubota Reports Double-Digit Gains
In the farm and industrial machinery segment, revenue increased by 26.5 percent and accounted for 85.8 percent of Kubota’s consolidated revenue.
Read moreTitan’s Ag Segment Sets Quarterly Margin Record
“The combination of our larger base of revenues, healthy inventory position and lean infrastructure has allowed for powerful operating leverage that drove a 109 percent increase in pre-tax income for the quarter,” CEO David Meyer said.
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Analyst: ‘Worst is Over’ in Supply Chain Woes
The analyst said that significant levels of pre-orders from retailers and construction of new container ships will ease pressures on the supply chain.
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Equipment Sales, Land Values Strong in Rural Index
Readings for farm equipment sales and farmland prices over the last several months represent the strongest consistent growth since 2012.
Read moreFarm Data Company to Buy Sensor Tech Group
Fieldin, which helps farmers accelerate data collection, will acquire Midnight Robotics, which retrofits tractors with sensing technologies.
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Association Offers Members High-Value, No-Cost Cyber Resource
“This three-year partnership with Enquiron brings a value to members far higher than their annual membership dues,” said Executive Vice President Vernon Schmidt. “I hope every company seizes the opportunity.”
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President’s Message: Burenga Looks Ahead
“We are here to do business,” Burenga writes, “and in some cases, we are even competitors, but we recognize the value of moving the industry forward together, and we are genuine people who support one another.”
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Association Honors 50-Year Member Companies
Association President Matt Westendorf presented plaques at the fall convention to executives from companies celebrating a half-century of membership.
Read moreIn Memoriam: Gary Andrew MacDonald
“His office door always open, Gary Mac lived what he believed,” his obituary said, which is “business isn’t about business, it’s about people.”
Read moreTitan Acquires Jaycox
Titan Machinery Chairman and CEO David Meyer said the acquisition “is a perfect complement to our existing footprint in the heart of this highly productive region.”
Read moreBrandt Buys Cervus, Creates Mega-Dealer
With the acquisition of the Cervus locations in Canada, Australia and New Zealand, Brandt now owns and operates 120 full-service equipment dealerships.
Read moreAlamo Acquires Timberwolf
Timberwolf manufactures commercial wood chippers primarily serving markets in the U.K. and the European Union.
Read moreGreat Plains Promotes Shurts to VP
Shurts joined Great Plains in 2020. Prior to his time at Great Plains, he worked as the COO at Tribine Harvester, and the director of operations for AGCO.
Read morePlatinum Equity Buys Oregon Tool
Oregon Tool CEO Paul Tonnesen said “Platinum’s investment and operational expertise can help accelerate our growth and innovation …”
Read moreAGCO’s Q3 Shows Biggest Gains in South America
Broken down by region, AGCO reported a 36.6 percent increase in sales in South America and an 8.5 percent increase in North America for the quarter.
Read moreCNH Expects Disruptions to Ease in 2022
The company said supply chain disruptions contributed to a $700 million cash burn in the third quarter.
Read moreWebinar News: Join Sessions on Supply Chain, Safety, Marketing
The Association, in partnership with member companies, invites you to join these webinars focused on industry issues.
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