More than 1 million short tons of fertilizer cross the U.S.-Canada border by truck each year. March, April and May are peak months for fertilizer applications across the northern states.
Read moreIt seeks to fund efforts that reduce America’s dependence on imports for fertilizer components while rewarding innovation and sustainability.
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The March farm equipment-sales index showed growth for the 16th consecutive month. This has been the strongest string of monthly readings since spring 2011.
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The dealership association landscape has shifted this week with the announcement of a new North American Equipment Dealers Association (NAEDA).
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Deere shareholders asked executives during a recent meeting how the company plans to address these challenges.
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More than 40 percent of producers in this month’s survey say that low farm machinery inventories are holding back their investment plans.
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See dealer new from New York and the deep south.
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Fifty-seven percent of producers who responded said they expect farm input prices to rise by 20 percent or more in 2022; 34 percent said they expect prices to rise by 30 percent or more.
Read moreCombine sales fell hard from January 2020 to this January. Big tractors continue to post double-digit sales growth.
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See the latest in acquisitions and expansions.
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A bill filed in the U.S. would require all tools and equipment, wireless transmission of repair and diagnostic data, and access to on-board diagnostic systems needed for repairs be made available to the independent repair industry.
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Farmer sentiment weakened in January as the Purdue University/CME Group Ag Economy Barometer declined 6 points to 119, down from
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Bankers overwhelmingly named rising farm input prices as the top threat facing farmers in 2022.
Read moreSee news from Montana, Nebraska, Minnesota.
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A cattle farmer in Alabama filed suit after he allegedly paid more than $600 for a repair that took fewer than three minutes to complete.
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A grain market expert says global circumstances could lead to an all-time high for the corn market this summer.
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Farm equipment sales index readings over the past several months are the strongest string of monthly readings recorded since spring 2011.
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John Deere is illegally monopolizing the U.S. tractor repair industry, according to a class action antitrust lawsuit filed in Chicago federal court last week.
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The significant new technology in this tractor is the addition of stereo cameras that scan in all directions, combined with cloud-based machine learning and artificial intelligence to understand what the cameras are seeing.
Read moreSales of 4WD tractors in Canada and the U.S. dropped dramatically compared to sales in December 2020. Combine sales in the U.S. continue to post big numbers.
Read moreBerlon 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.
Read more“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.
Read moreCombine 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.
Read moreThe 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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