Buhler 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 moreManufacturing
AGCO 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.”
Read more
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
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)
Read moreLessiter 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.
Read more
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
Read moreDeere 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.
Read more
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.
Read more
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.
Read moreAGCO 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.
Read more
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.
Read more
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.
Read more
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.
Read more
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 more