Agritechnica Reschedules
The DLG (German Agricultural Society) has postponed Agritechnica.
Read moreManufacturing
Nucor to Build Tube Mill in Midwest
The $164 million project is expected to be complete in two years. It will have the capacity to produce approximately 250,000 tons of hollow structural section tubing, mechanical steel tubing and galvanized solar torque tube.
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CEO Predicts Decline in Attachment Market
Dawn Equipment CEO Joe Bassett said he believes growers are trending away from customizing their equipment through attachments: “The aftermarket era, where growers assemble a lot of aftermarket options to customize their planters, I think is over.”
Read moreDeere Reman to Add Jobs in Midwest
The change will add drivetrain and hydraulic manufacturing operations in Springfield, Mo.
Read moreCervus Announces $40M Increase in 2020 Adjusted Income
CALGARY, AB, March 11, 2021 /CNW/ – Cervus Equipment Corporation (“Cervus” or the “Company“) (TSX: CERV) today announced its financial results for
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ASABE to Revise Cotton Module Cover Standard
The major revision will add performance specifications for module covers used on cylindrical modules.
Read moreCNH Invests in Newcomer Monarch
CNH characterized the partnership as “an important step toward further enhancing long-term sustainability, enabling the world’s farmers and agribusinesses to realize profitable zero-emission farming.”
Read moreDeere to Close Remanufacturing Plant
John Deere is consolidating its remanufacturing facilities and will shut down a Canadian plant later this year.
Read moreKubota Aims to Cut Emissions by 30 Percent
Kubota plans to offer electric versions of mini excavators and compact tractors. The electric equipment will be manufactured in Japan or Germany starting in 2023.
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Kinze Lawyers: Deere Can’t Compete on Field so Fights in Court
Attorney: “The only way for Deere to maintain its market share and keep its prices high is to eliminate Kinze from the market entirely, cripple Kinze’s dealer network, or litigate Kinze into submission.”
Read moreDeere Posts 23 Percent Gain in Earnings
The company last week reported equipment operation net sales increased by 23 percent for the quarter ending Jan. 31. Net income for the quarter soared by 124 percent.
Read moreEnergy Costs Slow Production at AGCO
The gas bill in February 2019 was $120,000. This month, the company estimates the bill will be between $2 million and $10 million.
Read moreKubota Revenue Dips for the Year
Domestic revenue fell by a greater percentage than overseas revenue for the Japanese company.
Read moreNet Sales Rise at AGCO
The biggest gain in sales was in South America. North America saw a 10 percent drop.
Read moreSmall Tractors Perform Well at CNH in Q4
In North America, tractor demand was up 27 percent for tractors under 140 horsepower and 17 percent for tractors over 140 horsepower.
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AGCO Sees Gains in Q4
Net sales for AGCO increased by about 8 percent for the fourth quarter of 2020. Net sales for all of 2020 increased by 1.2 percent.
Read moreTractor Supply Reports Record Sales & Earnings
Net sales increased 27.2% to $10.62 billion in fiscal 2020 from $8.35 billion in fiscal 2019. Comparable store sales increased 23.1% versus a 2.7% increase in fiscal 2019
Read moreLeadership Changes at AGCO
AGCO has changed and expanded its senior leadership team with the intent, the company says, to further increase customer focus
Read moreDeere Sues Kinze, Ag Leader
An agricultural engineering field specialist says the Ag Leader-Kinze high-speed planter is not identical to Deere’s but it relies on a similar system to discharge the seeds.
Read moreTractor/Combine Sales
With the exceptions of combine sales and sales of 4WD tractors in the U.S., big equipment sales in Canada an the U.S. were strong in December.
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ASABE to Revise Braking Series Standards
Members of this Association who are not members of ASABE can receive at no cost the compilation of industry standards produced by ASABE—a $650 value.
Read moreDeere Recalls Rotary Tillers Manufactured in India
(RTTNews) – John Deere, the brand name of machinery manufacturer Deere & Co., has recalled Frontier model rotary tillers citing
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New Stimulus Package Expands Benefits, Eligibility
A business is eligible for the second round of PPP if they do not have more than 300 employees and can show a more than 25 percent reduction in gross receipts for any quarter in 2020.
Read moreAlamo CEO Robinson Prepares to Retire
The company’s board of directors has been preparing for such a transition and anticipates naming a new president and CEO within the next several months.
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Steel’s Big Players Move on Acquisitions
United States Steel Corp. will buy the remaining 50.1 percent stake in Big River Steel LLC, giving it ownership of one of the newest, most advanced steel mills in the country. Cleveland-Cliffs Inc. has completed its purchase of ArcelorMittal USA.
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AGCO Fails in Challenge of Two Patents in Deere Suit
The Patent Trial and Appeal Board characterized AGCO’s arguments as “simplistic and unpersuasive.”
Read moreDeere Closes Year Optimistic About Ag in 2021
In the U.S. and Canada, the company’s forecast calls for a 5 to 10 percent gain in sales in farm equipment in the new year.
Read moreCNH Announces New CEO
CNH Industrial N.V. has appointed Scott W. Wine as chief executive officer beginning Jan. 4.
Read moreStakeholder in AGCO Seeks Governance Changes
The India-based stakeholder wants AGCO to separate the roles of chairman and CEO. The move comes as AGCO prepares for the current CEO and chairman to retire.
Read moreDeere Buys Software Firm
Harvest Profit, which produces software to help farmers analyze their data and better understand the financial outcomes, will retain its brand name.
Read moreDealerNews: Titan Machinery Inc. Announces Results for Q3
Agriculture Segment – Revenue for the third quarter of fiscal 2021 was $220.6 million, compared to $214.1 million in the third
Read moreCNH announces appointment of new CEO
Source: CNH Industrial N.V. – London, November 17, 2020 CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces the appointment of
Read moreNet Sales See Big Bump in AGCO’s Q3
AGCO saw increased sales in high horsepower tractors, hay equipment, and precision planting products.
Read moreHardi, Equipment Technologies to Consolidate
Hardi North America and Equipment Technologies (ET) have agreed that, in coming months, Hardi’s manufacturing operations will be consolidated with ET’s Apache AS and HS brands.
Read moreAGCO Reports Third Quarter Results
AGCO has reported its results for the third quarter ended September 30, 2020. Net sales for the third quarter were approximately
Read moreHardi NA and Equipment Technologies Announce Manufacturing Agreement
Hardi North America and Equipment Technologies (ET) jointly announce a new cooperative agreement that will leverage the strength of both companies. In the
Read moreJudge Upholds Portion of Dealer Protection Law
The bill addresses tractor manufacturer contract issues that would create numerous challenges for dealers. It also enhances existing law in other areas, acccording to the Pioneer EDA.
Read moreNucor Steel Builds in Kentucky
Nucor Corporation broke ground on a new steel plate manufacturing mill in Brandenburg Ky., last week.
Read moreCAT Announces Changes at the Top
Caterpillar has announced changes to its executive office.
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How to Build an Effective Lean Steering Committee
For a lean steering committee to succeed, leaders must pay careful attention to the composition of the team and clearly define the scope of the project. They also must reflect on the work and assure ongoing learning throughout the organization.
Read moreManufacturers Add 66,000 Jobs in September
Roughly two-thirds of the returning manufacturing jobs were in durable goods, especially in the motor vehicles and parts sector and machinery. Each added about 14,000 jobs.
Read moreAgJunction, Kubota Settle Patent Suit
AgJunction reached a settlement in a patent infringement lawsuit against Kubota. The parties agreed to discuss how AgJunction would provide autosteer and autonomous solutions for Kubota products.
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Cleveland-Cliffs to Acquire ArcelorMittal USA
The acquisition means Cleveland-Cliffs will become the largest flat-rolled steel producer in the country, and the largest producer of iron-ore pellets, the company said.
Read moreAssociation of Black Farmers Persists in Deere Boycott
Deere responded to allegations of unfairness with a statement detailing its contributions to equality and an announcement of a new coalition, but that did not diminish the resolve of the NBFA.
Read moreChild Care Needs Cause Problems in Factories
Nearly half of manufacturers said child-care constraints caused by the coronavirus made it difficult to recall furloughed workers or hire new ones in August.
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News from ASABE
The group released news about a new international standard related to towing and towed vehicles, as well as the initiation of a standard on metered seed systems in precision ag.
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Former Deere Exec Joins Ford
The Deere exec who led efforts to deliver artificial intelligence on the farm has joined Ford. He and the new CEO want Ford’s commercial customers to regularly pay for services, creating a revenue stream that flows throughout the vehicle’s life.
Read moreDeere’s Lagemann Elects to Retire
The senior vice president of Ag &Turf will retire Oct. 31. Succeeding him will be Dave Gilmore, a 30-year veteran at Deere.
Read moreBell Equipment Will Stop Exclusively Selling Deere
Bell will cease to distribute Bell-branded equipment built by Deere. It also will transition to a non-exclusive dealer arrangement with Deere.
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ASABE Shares Updates on Standards
See the latest from ASABE on new standards and revisions.
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