Farm Equip Manufacturers Hope to Lure Silicon Valley Tech Workers
Big agricultural and construction equipment manufacturers in the American Midwest are on a mission to lure Silicon Valley tech workers
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Manufacturing
Iowa Announces $2 Million in Manufacturing Grants
Gov. Kim Reynolds and the Iowa Economic Development Authority (IEDA) announced that Iowa will be investing an additional $2 million in the Manufacturing 4.0 Technology Investment Program to enhance productivity, efficiency and competitiveness in Iowa’s largest industry.
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Farm Equip Mfrs. Hope to Lure Silicon Valley Tech Workers
Big agricultural and construction equipment manufacturers in the American Midwest are on a mission to lure Silicon Valley tech workers who have been caught up in a wave of hiring freezes and layoffs.
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CLAAS Announces New Dealership Concept
In December, CLAAS announced plans to build a company-owned dealership offering the full line of CLAAS equipment, with the first store slated for western Kentucky. Two months later, the company has a lot more to share, starting with a name: CLAAS FARMPOINT™.
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Valley Industries, LLP acquires long-time partner Bestway Ag
Valley Industries, LLP announced the acquisition of Bestway Ag – a manufacturer of agricultural and liquid handling equipment.
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Kubota Shifts Production to U.S. and India
Japanese farm equipment maker Kubota is bucking trends by moving production overseas despite a weak yen as it seeks to create a supply system not susceptible to currency market volatility,
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Unverferth Announces Purchase of Orthman
Unverferth Manufacturing has announced the purchase of Orthman Manufacturing’s agricultural product lineup and the two manufacturing locations based in Lexington, NE.
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Energy Dept. Offering $52K for Clean Manufacturing
The Department of Energy is offering $52 million in funding for clean manufacturing research and development
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Big Bud Tractors Arriving in March
Big Equipment Co., LLC Havre, Mt. has partnered with Rome Agricultural and Construction Equipment out of Cedartown, Ga. in building a new HD Big Bud Tractor to be released in March of 2023.
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CLAAS Reports Over $5 Billion in 2022 Net Sales
According to CLAAS’ 2022 annual report, the company earned €4.93 billion in net sales last year, around $5.2 billion.
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White-Collar Layoffs Rise, Blue-Color Remains Resilient
Manufacturers laid off fewer blue-collar workers in this past quarter ending in November than they did in the year-earlier period.
Read moreAttracting Gen Z to Manufacturing
With an aging workforce and hundreds of thousands of jobs to fill, experts say the industry will need to offer flexibility and clear career paths.
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UAW Workers Reject CNHI’s ‘Last, Best & Final Offer’
CNH Industrial union workers at two U.S. plants reject proposed contract.
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GUSS Automation Receives Top-10 New Product Award
USS Automation is the recipient of their third Top-10 New Product award from the International Agri-Center and will be showcased at the World Ag Expo.
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Manufacturers Facing Supply Chain Issues/Worker Shortage
A survey of more than 150 equipment manufacturing companies released by the Association of Equipment Manufacturers (AEM) warns that U.S. equipment manufacturers continue to face supply chain issues and a persistent labor shortage nearly three years after the onset of the pandemic.
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Steel Production
Steel production as of December 19, 2022.
Read moreBranson & TYM Merge as TYM North America
According to a Dec. 9 company announcement from Branson CEO Tony Bae, Branson Machinery and TYM-USA will merge as TYM North America.
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Remlinger to Manufacture the Ninja Crimper
Remlinger Mfg and Paul Martin & Sons have entered into a manufacturing and marketing agreement regarding the Ninja Cover Crop Crimper.
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ASABE Revises Braking Series Standards
The American Society of Agricultural and Biological Engineers (ASABE) has revised two parts of the ANSI/ASABE S648, Agricultural Field Equipment Braking, series of machinery standards.
Read moreTractor/Combine Sales
Combine harvester sales remain positive, joined by 4WD units for both the U.S. and Canadian markets, while total tractors fell in both countries.
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Deere Predicts ‘Total Autonomy’ by 2030
Deere & Co. says corn and soybean production in the US could be fully autonomous by 2030.
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High Input Costs and Rising Interest Rates Concern Farmers
Farmer sentiment was unchanged in November compared to October, with the Ag Economy Barometer Index remaining at 102.
Read moreCase New Holland Strike Surpasses 200 Days
About 1,100 United Auto Workers (UAW) at Case New Holland (CNH) plants in Burlington, Iowa, and Racine, Wisconsin are in one of the longest active strikes in the country,
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Pinion Dec. 14 Webinar
Don’t miss: The Basics of ESG for Manufacturers: Driving Sustainability Alongside Your Business Value Chain. Pinion (formerly KCoe Isom) business strategists will guide you through the process and share tips to position your business to pivot if needed.
Read moreCNH Announces New Senior Leadership
CNH Industrial N.V. recently announced the appointment of Vilmar Fistarol as President, North America and Rafael Miotto as President, Latin America.
Read moreSteel Production
Domestic steel production as of Nov. 14, 2022.
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Tractor/Combine Sales
Combine harvester sales report double-digit gains in October for both the U.S. and Canadian markets, while total tractors fell in both countries.
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Unverferth Mfg Announces Shell Rock Expansion
Unverferth Manufacturing Co. Inc. has announced its Shell Rock, Iowa facility has nearly completed a 75,000-square-foot plant expansion that will add 65 new job openings.
Read moreTitan Intl. Reports Strongest Q3 Results Since 2013
Titan International, Inc. reported results for the third quarter with the strongest third quarter revenue and profit performance since 2013.
Read moreAlamo Group Reports Record Q3 Sales and Earnings
Alamo Group Inc. has reported record results for the third quarter ended September 30, 2022.
Read moreNAEDA Launches Repair Done Right Platform
The North American Equipment Dealers Association (NAEDA) has launched the Right to Repair training platform that will provide dealer personnel a foundational understanding of what the Right to Repair issue is and how our industry is supporting customer repair.
Read moreBuhler Versatile Facing $35M Lawsuit
A deal to ship Winnipeg-built tractors to Australia has resulted in a lawsuit alleging breach of contract, after Buhler Versatile Inc. decided to stop exports outside North America.
Read moreAGCO Reports Record Q3 Results
AGCO reported its results for the third quarter ended September 30, 2022. Net sales for the third quarter were approximately $3.1 billion, an increase of approximately 14.5% compared to the third quarter of 2021.
Read moreDomestic Steel Production
Domestic steel production as of October 10, 2022.
Read moreAll States Acquires Arrow Material Handling Products
All States Ag Parts expands into material handling attachments with the acquisition of Arrow Material Handling Products.
Read moreHarvest Barge Traffic Slows Due to Low River Levels
Harvest progress is up, but river levels are down. South of St. Louis, parts of the Mississippi River are so low from weeks of drought that barge traffic is being limited.
Read moreFarmer Sentiment Drifts Lower in September
The Purdue University-CME Group Ag Economy Barometer index drifted lower to a reading of 112 in September which was 5 points lower than a month earlier.
Read moreDeere Ramps up Battery Production
Deere announced an investment in two additional Kreisel Electric production facilities to increase battery production capacity.
Read moreAg Industry Considered National Security Interest
President Biden directed the Treasury-led committee that scrutinizes foreign investment in America to consider the national security impact any deals would have on U.S. technological leadership, including biotechnology and “elements of the agricultural industrial base that have implications for food security.”
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Farmers Look for Value, Specialization in Shortline Purchases
Farm Equipment’s second shortline farmer survey found growers continue to purchase shortline equipment based on price, special features and availability.
Read moreKubota to Launch Electric Tractor in 2023
Kubota Corporation has announced that Kubota will be the first Japanese manufacturer to release electric tractors.
Read moreTractor/Combine Sales
Reported Tractor Sales in U.S. for August 2022 AEM – Flash Report FarmEquip.org/Flash
Read moreAssociation Members Visit Farm Progress
Membership Director Matt Rice spent time at the Farm Progress Show in Boone, Iowa. Several Association members were in attendance.
Read moreManufacturing Robot Sales Rise 25% in Q2
North American companies snapped up a record number of 12,305 robots worth $585 million as they struggled to keep factories and warehouses running.
Read moreTrimble to Acquire Bilberry
Trimble to acquire privately-held Bilberry, a French technology company specializing in selective spraying systems.
Read moreDeere Reports Q3 Results
Deere & Company reported net income of $1.9 billion for the third quarter ended July 31, 2022, compared with net income of $1.7 billion, or for the same quarter last year.
Read moreKubota Reports Six Month Results
Kubota reports revenue up by 14.4% but operating profit dropped by 18% for first six months of 2022.
Read moreAGCO Reports Second Quarter Results
AGCO has reported results for the second quarter ended June 30, 2022. Net sales for the second quarter were approximately $2.9 billion, an increase of approximately 2.3% compared to the second quarter of 2021.
Read moreCNH Reports Strong Q2
Record consolidated revenues of $6,082 million – Net income of $552 – Component shortages again impacted production
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