Kubota Reports Six Month Results
Kubota reports revenue up by 14.4% but operating profit dropped by 18% for first six months of 2022.
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AGCO 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
Read moreDeere Moving More Production to Mexico
Deere has announced it will move mower conditioner production from Ottumwa to Mexico by the end of 2023.
Read moreValmont Reports Q2 Results
Record Net Sales of $1.1 billion increased 26.9% – Operating Income increased to $118.7 million, or 10.5% of net sales ($122.9 million or 10.8% adjusted1) compared to $82.6 million or 9.2% of net sales ($90.9 million or 10.2% adjusted1)
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Lessiter Media Reports on Kubota Brand Purity Drive
Kubota, said the rise of Kubota-only dealerships was not a brand purity attempt but rather an organic response to the company’s improved equipment offerings.
Read moreCNH Acquires Specialty Enterprises LLC
CNH Industrial has acquired Specialty Enterprises LLC, North America’s largest manufacturer of aluminium spray booms for agricultural applications
Read moreKubota Canada Appoints Montagano as President
Kubota Canada announced that Yannick Montagano has succeed Bob Hickey in his role as president of the company.
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18th Straight Month Mainstreet Equipment-Sales Index Has Advanced Above Growth Neutral
OMAHA, Neb. (May 19, 2022) — The Creighton University Rural Mainstreet Index (RMI) fell from April’s healthy reading and remained
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Deere Reports Q2 Results
Deere & Company reported net income of $2.098 billion for the second quarter ended May 1, 2022, compared with net income of $1.790 billion in
Read moreManufacturing Employment Share 20% Higher in Right-to-Work States
Right-to-work states have seen a significant bump in manufacturing employment compared to non-right-to-work states
Read moreInflation overtakes labor shortage as top problem for small business
The U.S. continues to struggle with labor and supply chain woes brought on by the COVID-19 pandemic, but the latest
Read moreTractor Combine Sales
Sales of big equipment declined in Canada. Otherwise, positive trends continued.
Read moreKubota Highlights Gains in North America, Ag Sales
The company plans a 6 percent increase in the price of tractors in North America and 5 percent increase in construction machinery.
Read moreTitan International Reports 40-Plus Percent Sales Gain
The increases reflected sales gains in all segments, most notably agriculture, along with pricing gains.
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ASABE Develops Standard Related to Harvest Data
The new standard will complement ISO 11783 by providing context for how geographic harvest data is used in practice.
Read moreAlamo Group Reports Quarterly, Annual Earnings
CEO Jeff Leonard said shortages of hydraulic components in the fourth quarter affected nearly all of the company’s production operations.
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ASABE Completes Cotton Module Cover Standard
The document is a major revision that adds performance specifications for module covers used on cylindrical modules.
Read moreDeere Improves Forecast, Expects Demand to Continue
Order books for the upcoming year are mostly full, Deere said, except for a few cases where it has paused orders to reevaluate inflationary pressures later in the year.
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AGCO Reports Q4, Year Results
Increased sales of high horsepower and mid-range tractors as well as precision planting products represented the largest increases for the company.
Read moreKubota Equipment Sales Up 28 Percent
In North America, sales of tractors and construction machinery increased significantly due to strong demand along with growth in suburban development.
Read moreCNH Shows 35 Percent Sales Gain for the Year
In North America, demand was up 10 percent for tractors under 140 HP and up 23 percent for tractors over 140 HP. Combines were up 25 percent.
Read moreCollaboration Expands Between Kubota, Escorts
Kubota’s shares of Escorts will increase from 9 percent to more than 50 percent. The transfer is a step toward establishing a business and investment road map for Escorts Kubota.
Read moreYear at CNH Shows 35 Percent Sales Growth
CNH Industrial said the increase in net sales was driven by higher demand, better mix, and favorable price realization.
Read moreAGCO Reports Sales Numbers
Increased sales of high horsepower and mid-range tractors as well as precision planting products represented the largest increases.
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ASABE Revises Standard on Ag Machinery Terms
A previous version of ANSI/ASABE S390 (S390.5) was used as the key basis document for the development of ISO 12934.
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Supply Chain Investment Focuses on River Transport
Among the projects is the replacement of locks on the Ohio River so that water levels are high enough for large cargo ships.
Read moreDeere Says Driverless Tractors Ready for the Field
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.
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Supreme Court Says ‘No’ to Employer Vaccine Mandate
A mandate requiring federal contractors and subcontractors to assure workers are vaccinated remains blocked by a preliminary injunction.
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U.S. Steel Doubles Capacity Near Big River Mill
The move comes amid an extended supply chain crisis that has made it more difficult for manufacturers to get their hands on finished steel.
Read moreManufacturing Orders Soar
The value of orders was up nearly 14 percent from October and more than double the value of orders received in November 2020.
Read moreSupreme Court Blocks Vaccine Mandate for Large Employers
January 13. 2022 – The U.S. Supreme Court has ruled against President Joe Biden’s vaccine mandate for large employers (over
Read moreBerlon Industries Acquires Lowe Manufacturing
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.
Read moreOmicron Adds to Manufacturing Woes
Coronavirus surge hits factory workforces just as they struggle with supply-chain issues and rising costs.
Read moreDeere Buys Battery Developer, Connectivity Platform
Kreisel Electric will retain its brand and continue to operate in Austria. AgriSync will sunset its brand and focus exclusively on the Deere-branded version of its product.
Read moreAGCO Invests in Greeneye Technology, Acquires Appareo
Greeneye’s system uses artificial intelligence to detect and spray individual weeds with the goal of reducing herbicide usage.
Read moreClaas Reports Nearly 20 Percent Rise in Revenue
In its outlook, Claas said it expects the supply situation and price development on the procurement markets to present a greater risk in 2022.
Read moreCNHI Demerges from Iveco, Invests in Sampierana
Sharholders of CNH Industrial have approved the demerger of Iveco Group business from CNH Industrial. CNH Industrial has also completed its purchase of 90 percent of the capital stock of Sampierana S.p.A.
Read moreCNH Completes Raven Acquisition
CNH Industrial has completed its acquisition of precision agriculture technology and member company Raven Industries.
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 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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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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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 moreCNH Expects Disruptions to Ease in 2022
The company said supply chain disruptions contributed to a $700 million cash burn in the third quarter.
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UAW Members to Vote on Third Deere Contract Offer
Union members will vote on the contract Wednesday. The latest agreement is Deere’s “last, best and final offer,” a UAW spokesperson said.
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Steel Companies See Hot Market Extending to 2022
The extended boom in the $180 billion U.S. steel industry that began last year following pandemic-related shutdowns of mills is giving steelmakers more time to bring new plants into service and renew customer contracts at higher prices, executives said.
Read moreAGI’s Backlog Triples on Farm Equipment Orders
Farm segment trade sales grew 11 percent. Farm backlog is up 202 percent over prior year as of Sept. 30.
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