Berlon Industries, of Hustisford, Wis., has acquired Lowe Manufacturing, a Viola, Wis.-based supplier of auger, trenching and grapple attachments that complement Berlon’s line of buckets and attachments for skid steers and other machines. The deal closed the first week of January 2022.
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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.
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While the indices show economic growth, bankers warned that inflation and rising costs of input and land could hinder rural economies.
Read moreSee the latest in acquisitions among dealers in the eastern U.S.
Read moreStrong 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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The Farm Capital Investment Index declined, which seems to be a function of supply chain problems as well as concerns about rising input costs.
Read moreA fourth wave of COVID in Germany prompted the decision. The show was expecting 2,000 exhibitors.
Read moreSee the latest in acquisitions and plans to build.
Read moreIn related news, CNH Industrial has entered into an exclusive, multi-year licensing agreement for electrification technologies with Monarch Tractor.
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“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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Readings for farm equipment sales and farmland prices over the last several months represent the strongest consistent growth since 2012.
Read moreFieldin, which helps farmers accelerate data collection, will acquire Midnight Robotics, which retrofits tractors with sensing technologies.
Read moreApproximately 30% of bank CEOs surveyed expect the recently passed infrastructure bill to have more negatives than positives for agriculture.
Read moreTitan 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 moreWith the acquisition of the Cervus locations in Canada, Australia and New Zealand, Brandt now owns and operates 120 full-service equipment dealerships.
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Combine sales in the U.S. and Canada in October recorded 73 percent and 44 percent gains, respectively, compared to October 2020.
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Rising input costs are on most producers’ minds.
Read moreSales of combines in the U.S. and Canada posted 35 percent and 24 percent gains, respectively, compared to September 2020.
Read moreAs bidding gets more aggressive on soybean oil, crushers accelerate production. Before last week’s crop production report, soybean prices hit a 10-year high.
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The U.S. corn and soybean harvests have passed the halfway mark.
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Fewer farmers this month said they planned to increase their machinery purchases than on the August survey. More than half say their farm machinery purchase plans have been impacted by low inventories.
Read moreAmong the areas worst hit by the severe energy shortage are northeastern provinces where about half of China’s corn and soybeans are grown.
Read moreU.S. Rep. Randy Feenstra (R-Iowa) denounced the proposal and said on Twitter he would “fight this tooth-and-nail.”
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The sugar cane crop took a hit from Hurricane Ida, as did the infrastructure that exports U.S. crops. Mark Naquin with member company M.J. Naquin describes the area after the storm.
Read moreCombine sales in Canada posted a 29 percent gain in August. Sales of tractors in the 100-plus horsepower category in the U.S. increased by 38 percent.
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The farm equipment-sales index confirms the demand that manufacturers are experiencing.
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For the 10th straight month, the Creighton University Rural Mainstreet Index (RMI) remained above growth neutral, according to the monthly survey
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Producers are becoming increasingly concerned about rising input costs. Thirty-nine percent of respondents said they expect input prices to rise by 8 percent or more.
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Dealers report that inventories remain too low, pricing is up, and sales are beating forecasts. See the data from Ag Equipment Intelligence.
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In Iowa, in one week, five counties broke records for price per acre on farmland. In at least one county, the record had only been standing for a week.
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Projections for farm income in 2021 are 20 higher than the 2020 projection and 49 percent higher than the average from 2015 to 2019.
Read moreOn the same day the agreement was announced, Cervus reported earnings for its best-ever second quarter.
Read moreExpansions are underway for dealer operations headquartered in North Dakota and Florida.
Read moreFarmers Edge Inc., a digital agriculture company, has agreed to acquire CommoditAg, an online marketplace for agriculture products.
Read moreSales of big equipment showed enormous gains in July.
Read moreIn the middle of the U.S. Senate’s flurry of amendments and votes this week on a $3.5 trillion budget reconciliation
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Nearly half of producers surveyed said they expect input costs to rise by at least 8 percent in the next year. Such costs have risen by 1.8 percent per year over the last decade.
Read moreThe move is designed to mitigate future litigation risk.
Read moreSales of big tractors saw big growth in June.
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The July farm equipment-sales index extended the longest run in growth territory that the index has recorded since 2012.
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Regardless of the outcome, the president’s actions have turned the hot light of public opinion on the right-to-repair issue.
Read moreSee news about changes in the dealer landscape in Florida, Texas, and Iowa.
Read moreLimiting who can work on a piece of machinery drives up costs and increases down-time. Ensuring farmers have the ability to perform cost-effective repairs on their own equipment will keep America’s farms running and financially sustainable.”
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About a third of farmers expect farm input prices to rise by 8 percent or more in the upcoming year, which would be more than four times the average rise over the last 10 years.
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The world hasn’t seen such across-the-board commodity-price increases since the beginning of the global financial crisis, and before that, the 1970s. Corn, soybeans and wheat have jumped to their highest levels in eight years.
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Sales of big machines saw big growth in May.
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The task force will address the bottlenecks in the agriculture, construction, transportation and semiconductor sectors.
Read moreIn response, AFBF President Zippy Duvall said that “clean water and clarity are paramount, and that is why farmers shouldn’t need a team of lawyers and consultants to farm.”
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The U.S. alleges that Canada is not upholding the terms of USMCA and using a system to set aside a s hare of the dairy market exclusively for Canadian processors.
Read moreThe agriculture segment generated pre-tax income growth of 82 percent during the three months that ended April 30.
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