Manufacturing Issues to Watch Under the Trump Administration
In the wake of former President Donald Trump’s reelection, industry leaders across the country are preparing for potential changes the new administration could bring.
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Manufacturing
Deere Reports Q4 Net Income of $1.245 Billion
Deere reported net income of $1.245 billion for the fourth quarter ended October 27, 2024, or $4.55 per share, compared with net income of $2.369 billion, or $8.26 per share, for the quarter ended October 29, 2023.
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Tariffs and Strikes Loom Over U.S. Trade and Global Supply Chains
Uncertainty among U.S. shippers is escalating into 2025 with the expectation of new Trump tariffs and the possibility of a new ports strike that could begin in mid-January.
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Deere Expands Reman Core Center in Missouri
John Deere announced plans to expand its John Deere Reman Core Center facility by an additional 120,000 square feet.
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Trade Commission Probes Deere Over Right to Repair
The U.S. Federal Trade Commission is investigating Deere & Co. to determine whether the tractor giant’s equipment repair policies violate consumer protection laws, according to a public filing.
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Deere Accused of Clean Air Act Violations Over Emissions Repair Restrictions
Sen. Elizabeth Warren accused Deere of failing to honor its agreement with the American Farm Bureau Federation (AFBF) by offering inadequate tools and insufficient disclosures.
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Port Union Strike Threatens U.S. Supply Chain
The International Longshoremen’s Association (ILA) is preparing for a potential strike starting October 1 if a new contract isn’t agreed upon.
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Titan Reports Q2 Revenue
Titan Machinery reported Aug. 29, 2024, the financial results for the fiscal second quarter ended July 31, 2024.
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ASABE Revises Standards for Drawbar Pins
The American Society of Agricultural and Biological Engineers (ASABE) has revised ANSI/ASABE S625.2 AUG2024 Drawbar Pin Dimensions and Requirements.
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Deere Reports Q3 Earnings; Sales Down 17%
Deere & Company reported net income of $2.978 billion for the third quarter ended July 30, 2023, or $10.20 per share, compared with net income of $1.884 billion, or $6.16 per share, for the quarter ended July 31, 2022.
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Global Steel Production Is Flat at Midyear
Global raw steel production through June 30, 2024, stands at 954.6 million metric tons, unchanged from the previous year. June’s output was 161.4 million metric tons, a 2.3% decrease from May but 0.5% higher than June 2023.
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Manufacturing Revival Sees Regional Discrepancies
Concerns about a decline in U.S. manufacturing might be overstated, given that the industry still boasts a quarter-million factories employing 13 million workers.
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US Manufacturing Output Beats Expectations
In June, U.S. factory production exceeded expectations, with a 0.4% increase following a revised 1.0% rise in May.
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Deere Laying Off Additional Waterloo Workers
Deere announced it will lay off more than 300 production employees in Waterloo, IA, effective September 20.
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Shortline Manufacturers Score Well in Annual Dealer Survey
The North American Equipment Dealers Association (NAEDA) has released its 2024 Dealer-Manufacturer Relations Survey Report that provides agriculture and outdoor power equipment dealers the opportunity to anonymously rate the manufacturer lines they carry.
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AEM Launches Nationwide Manufacturing Express Tour
AEM embarks on its largest public engagement initiative in 130 years with the ‘Manufacturing Express’ bus tour where it will visit 80 communities at equipment manufacturing sites nationwide.
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Deere Warning a Win for Right-to-Repair Advocates
Montana Farmers Union President Walter Schweitzer sees the EPA’s recent warning to John Deere as a significant win for farmers’ right to repair. The warning addressed Deere’s equipment manuals that limit emissions control system repairs to authorized dealers, potentially violating the law.
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Bobcat Breaks Ground on Mexico Manufacturing Plant
Bobcat Company, a global equipment, innovation and worksite solutions brand, held a ceremonial groundbreaking June 13 for its new, $300-million manufacturing facility in Mexico.
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Global Manufacturing Rebound Predicted in 2025
Although the global manufacturing economy is on track for “sluggish” growth of just a 0.6% annual expansion in 2024, that picture is forecasted to brighten considerably in 2025.
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US Manufacturing Output Unexpectedly Falls in April
Production at U.S. factories unexpectedly fell in April amid a decline in motor vehicle output, data showed on Thursday.
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ASABE Has Begun Withdrawing ISO 15077 Standard
The American Society of Agricultural and Biological Engineers (ASABE) is proposing the withdrawal of the 2008 identical adoption ASABE/ISO 15077:2008 OCT2008 (R2018), Tractors and Self-Propelled Machinery for Agriculture — Operator Controls — Actuating Forces, Displacement, Location and Method of Operation, from publication.
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Saskatchewan Invests $300K in Ag Manufacturing Initiative
The Saskatchewan government has invested $300,000 to support the AMC in creating a mobile, virtual reality (VR) skills lab to promote job opportunities in agricultural manufacturing.
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ASABE Develops Standard for Specialty Crop Equipment
The American Society of Agricultural and Biological Engineers (ASABE) has initiated the development of a new standard for specialty crop equipment.
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CNH To Lay Off 200 Wisconsin Employees
CNH Industrial plans to lay off more than 200 out of the 660 workers at its Racine, Wis., facility and considers moving operations to Mexico with the intent of reducing costs by $150 million.
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Deere Lays Off 308 Employees at Waterloo Works
John Deere will be laying off more than 300 employees in Waterloo, IA in late April.
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Deere Lays Off 150 Production Workers at Iowa Plant
About 150 workers at John Deere’s campus in Ankeny, IA are getting laid off indefinitely in April and May.
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Titan Intl., Inc. Acquires Carlstar Group LLC
Titan International, Inc., a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, announced the acquisition of Carlstar Group LLC. for approximately $296 million.
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Kubota Pays $2 Million For False Made in USA Claims
Kubota North America Corporation has settled with the U.S. Federal Trade Commission (FTC) over its Made in USA Labeling Rule.
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NAM Manufacturers Outlook Survey for Q3
The National Association of Manufacturers (NAM) conducted the Manufacturers’ Outlook Survey for the third quarter of 2023 from Aug. 17 to 31, and 65.1% of respondents felt either somewhat or very positive in their company’s outlook.
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Missouri Leads in Manufacturing Jobs
Missouri has outperformed the nation in creating manufacturing jobs. Approximately, 35,000 have come on board since 2010.
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Manufacturers Find Homes with Startups in India
India has attracted global companies seeking alternatives to China amid geopolitical tensions.
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Equipment Manufacturing Jobs in the U.S. — 2023
The Economic Impact of the Equipment Manufacturing Industry” report, in 44 states, the equipment manufacturing industry supports at least 1,000 jobs.
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U.S. Steel Now for Sale After Rejecting Cleveland-Cliffs
U.S. Steel Corp., the Pittsburgh-based manufacturer, is up for sale after receiving multiple bids for parts or all of the company.
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Manufacturing Output Rebounds in Second Quarter
Production at U.S. factories unexpectedly fell in June, but rebounded in the second quarter as motor vehicle output accelerated after two straight quarterly declines.
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Smart Containers Expected to Grow Six-Fold Over Five Years
The smart shipping container equipment fleet is forecast to grow six-fold over the next five years and account for 30% of global inventories by 2027.
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Manufacturing Camp Encourages Next Generation
For the next generation, the possibilities of future careers in manufacturing, close to home, are promising.
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Wisconsin State Passes Lemon Law for Farm Equipment
Wisconsin recently passed a bill that would allow buyers of defective farm equipment to get their money back if a defect in the equipment has been subject to repair.
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King Kutter Celebrates 45 Years
Congratulations to member company, King Kutter, Inc. who recently celebrated 45 years, as a family-owned business, with fellow team members.
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Kelly Tillage to Build Manufacturing Facility in Missouri
Kelly Tillage, an Australian agricultural machinery manufacturer, announced today it will build a new assembly facility in Rogersville, investing $2 million and creating 22 new jobs.
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Demand for New Factories Drives Growth in Construction Spending
Manufacturers of construction equipment, trucks, building supplies and industrial software are still ringing up sales, despite slowdowns in other parts of the U.S. economy.
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Women In Manufacturing Gaining Momentum
According to U.S. Census Bureau data, there are currently around 12.1 million people working in manufacturing, making it the nation’s fifth largest employer.
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Colorado Passes Right-to-Repair Bill
Colorado legislators passed the nation’s first agriculture equipment right-to-repair bill Tuesday.
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Manufacturing Grants: An Overview of State and Federal Funding Opportunities
Learn about grants available to manufacturers that will help you address challenges and fund projects to help your business meet market needs, grow, and succeed.
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King Kutter, Inc. Celebrates 45th Anniversary
King Kutter, Inc., a manufacturer known for quality farm equipment, is celebrating their 45th year as a family-owned business.
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Sherrod Joins Osmundson Manufacturing
Jon Sherrod, recently joined Osmundson Mfg., Inc. in the role of Outside Sales Executive.
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Steel Production
Steel production as of March 27, 2023.
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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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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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