Nick Jensen Joins Lessiter Media as Director of Business Development, Partnerships & Innovation
Lessiter Media (LM) announced that Nick Jensen has joined the company as Director of Business Development, Partnerships & Innovation.
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Vermeer Announces Acquisition of Schuler Manufacturing
Vermeer Corporation today announced it has purchased Schuler Manufacturing, a family-owned and operated manufacturer of high-quality feeding solutions based in Griswold, Iowa.
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Pork Producers Put Dollars to Potential in China
U.S. pork producers see a potential $24.5 billion annual market in China within 10 years if the Trump administration can gain unrestricted trade access after the Asian country’s hog herd has been devastated by disease.
Read moreNet Sales Rise, Forecast Falls for Deere
Deere’s net sales in agriculture and turf increased for the fourth quarter and the year while operating profit fell. The company attributed the dip in operating profit to, among other things, higher production costs and an increase in research-and-development spending.
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Leadership Change at Sukup Manufacturing
Charles Sukup will step down as CEO. His brother, Steve Sukup, the company’s CFO, will take the helm of the family business.
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AGI Reports Rise in Trade Sales
Ag Growth International reported a 7 percent increase in total trade sales for the third quarter of 2019.
Read moreMember News: Vermeer’s Mary Andringa Honored for Leadership, Innovation
Mary Andringa of Vermeer Corp. has been named as the newest inductee into the Association of Equipment Manufacturers (AEM) Hall of Fame.
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Uncertainty Lingers Over Pact with China
President Donald Trump said that the U.S. hasn’t agreed to roll back all tariffs on China, muddying hopes raised by China and even some of the president’s own aides that the U.S. was ready to lift some tariffs to secure a trade deal.
Read moreAlamo Group Releases Q3 Earnings
Alamo Group President and CEO Ron Robinson characterized the quarterly results as a “mixed bag.” In spite of record-setting net sales, net income fell for the quarter.
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Raven Acquires Two Autonomous Ag Technologies
Raven Industries has acquired a majority interest in Dot Technologies and Smart Ag. The moves are part of Raven’s five-year plan to invest more heavily in autonomous ag.
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Farmers Show Greater Willingness to Make Big Purchases
Producers who responded to the Purdue University survey in October thought more favorably about making big investments. The index rose to within eight points of its peak.
Read moreDealer Release News of Earnings, Expansion
Earnings reports show farmers continue to be conservative in choosing to invest in equipment.
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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.
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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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Dealer 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.
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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.
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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.
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Art’s Way Announces Q3 Financial Results
ARMSTRONG, Iowa, Oct. 9, 2019 /PRNewswire/ — Art’s Way Manufacturing Co., Inc. (ARTW), a diversified manufacturer and distributor of equipment serving agricultural,
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EPA, USDA Announce Agreement on Promoting Biofuels
“The Farm Equipment Manufacturers Association is pleased to see integrity returned to the Renewable Fuel Standard. No other sector in
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.”
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.
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Deere 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.
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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.
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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 moreSC farmer first to be arrested for growing hemp.
Law enforcement mowed down 10 acres of hemp and arrested John Pendarvis — the first farmer in the state to be charged with growing the crop on unlicensed land.
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.”
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EPA, Army finalize repeal of controversial ‘Waters of the U.S.’ rules
This action officially ends an egregious power grab and sets the stage for a new rule that will provide much-needed regulatory certainty for farmers, home builders, and property owners nationwide.
Read moreKcoe Isom Acquires Paragon
K·Coe Isom has acquired Kansas-based ag advisory and commodity brokerage firm Paragon.
Read moreDealerNews: Dutch distributor buys Manitoba Claas dealerships
A major Dutch farm equipment distributor is buying into the Manitoba equipment business, with deals for genAg and Hepson Equipment.
Read moreMahindra Group Strengthens U.S. Presence with New Washington, D.C., Office
The Mahindra Group, a US$ 20.7 billion global federation of companies, has announced the opening of its new Washington, D.C.,
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Pro Ag SD Governor Says She Will Veto Hemp Again in 2020
Pro Ag SD Governor Says She Will Veto Hemp Again in 2020
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Canadian Government Assists Dairy Farmers
The owner of a typical farm with 80 dairy cows will be awarded about $28,000 this year to assist farmers hurt by trade disputes.
Read moreCNH Industrial acquires AgDNA
acquisition will enable CNH Industrial’s customers, and those of third party agricultural machinery, to benefit from AgDNA’s single point data integration, mapping and analytical tools.
Read moreEPA Rejects Cancer Warning on Glyphosate
EPA Administrator Andrew Wheeler said it is “irresponsible to require labels on products that are inaccurate when EPA knows the product does not pose a cancer risk.”
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Illinois Law Bans Employers from Salary Question
Illinois has joined the national trend of banning questions regarding a job applicant’s salary history. It is effective Sept. 29.
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Member Company CEO Earns Spot on Prestigious List
The award celebrated Tom Shorma with WCCO Belting for leading the company’s innovation and growth in diverse markets.
Read morePEER Chain Announces New Product Manager
Drew Beadle will bring new chain products to market based on industry feedback.
Read moreNTN Updates App to Fight Counterfeit Bearings
The updates allow users to search for distributors and features product number validation.
Read moreMember Company Brings Back Original Name
CDS-John Blue Company is once again John Blue Company, the name upon which it was founded in 1886.
Read moreLegal News
Court rejects HSUS’s attempt to advance an anti-meat activist agenda WASHINGTON, D.C., August 23, 2019 – The U.S. Court of Appeals
Read moreFighting Illegal Robocalls
Coalition of Attorneys General, Private Companies in Fight Against Illegal Robocalls As a result of a bipartisan, public/private coalition of
Read more“Makers for American Manufacturing”
For the second consecutive year, Chief Executive has selected a handful of people who are really successful, whose companies represent
Read moreSecretary Perdue Statement on Japan Agreement
U.S. Secretary of Agriculture Sonny Perdue issued the following statement regarding the new trade agreement between the United States and
Read moreUSDA Details Trade Damage Estimate Calculations
(Washington, D.C., August 23, 2019) – U.S. Secretary of Agriculture Sonny Perdue today announced that the U.S. Department of Agriculture
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CDS-John Blue Company Brings Back Original Company Name
August 5, 2019 – Huntsville, AL — CDS-John Blue Company announced today it is transitioning its company name back to John
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Alamo Group Acquires Dixie Chopper Assets
Alamo Group Inc. announced Monday that it has acquired the assets of the Dixie Chopper business from Textron Outdoor Power Equipment Inc., a subsidiary of Textron Inc.
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