Spread of Virus Further Jams Freight in China
Amid a surge in COVID cases, ports issued notices suspending vessels from entering ports without reservations. The ports are only accepting bookings for export-bound containers.
Read moreManufacturing
White House Pitches 15 Percent Minimum Corporate Tax
It is a response to situations in which companies have avoided paying federal income taxes despite turning a profit.
Read moreManufacturers Not Part of OSHA’s New COVID Order
Initial communication on the order suggested it would apply to all industries, but White House officials said the science didn’t call for that.
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JBS Paid $11 Million Ransom in Cyberattack
JBS reports that the hackers do not appear to have gotten away with company, customer or employee data. The White House has linked Russia to the episode.
Read moreStellar Industries Buys MD Products and Solutions
Employee-owned Stellar Industries has acquired MD Products and Solutions, which makes ag and utility trailer products.
Read moreDeere Sees Upswing in Sales of Larger Models
The sale of farm and turf equipment climbed 8 percent in the second quarter, Deere said, and the company expects sales for the year to climb by up to 15 percent.
Read moreNew Alamo CEO Joins Company’s Board
Jeffery Leonard succeeded Ron Robinson on Monday and was appointed to the board of directors on the same day.
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Build Your Workforce, Connect with Gen Z
When organizations create an atmosphere where people love to work, it’s a gamechanger.
Read moreCLAAS Begins Operations at ‘Future Factory’
The company characterizes the investment as a “complete renewal of assembly equipment and digital transformation of the plant” and a “rethink of many complex processes.”
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Need Help Getting Workers? Use This Tax Credit.
Some larger employers have been offering hiring bonuses. But can small businesses afford the same? Thanks to a little-known federal tax program, the answer could be yes.
Read moreLawmakers Seek to Protect Family Businesses from Tax
“I think we were pleasantly surprised to see the language exempting farms and family-owned businesses, and that’s a good thing,” KCoe’s Brian Kuehl said.
Read moreCNH Rides Industry Wave of Strong Ag Sales
For the March-ending quarter, net sales in agricultural equipment climbed 35.4 percent.
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Tractor/Combine Sales
Data from April confirms the earnings reports from manufacturers and dealers: Farm equipment sales are strong.
Read moreAlamo, New Holland Form Partnership
The companies said that the ability to finance together through CNH Industrial Capital simplifies New Holland customers’ purchase process.
Read moreAGCO Reports Strong First Quarter
Increased sales of tractors, parts, grain and protein equipment, and precision planting products generated most of the increase.
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Rubber: The New Toilet Paper in an Era of Shortages
“I’ve got everybody alerted that I’ll take materials as fast as they can get it to me,” said Gary Busch, director of global procurement at Carlstar Group, which makes tires for agriculture and off-road vehicles.
Read moreDeere Expands in Africa
The company seeks to benefit from a rollout of infrastructure and urbanization across the continent.
Read moreCNH Buys Stake in UK Firm, Launches Dealer Platform
The closed networks of the dealer platform will enable dealers to move items taken on trade, aging assets, and other equipment to others in the network.
Read moreMahindra, Kubota Collaborate
The Japanese farming population is aging and shrinking, which is driving a shift to large-scale operations and driving demand for savings on labor and operations.
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AgJunction Revenue Drops by More Than Half
“I don’t think anyone could have predicted just how disruptive 2020 would be …,” said CEO Dr. M. Brett McMickell.
Read moreAgritechnica Reschedules
The DLG (German Agricultural Society) has postponed Agritechnica.
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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
Read moreASABE 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.
Read moreKinze 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.
Read moreAGCO 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.
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