Yokohama Relocates Headquarters to Charlotte, NC
Yokohama Off-Highway Tires America, Inc. is transitioning its North American Headquarters to its current office in Charlotte, North Carolina, effective September 1, 2024.
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News
Alamo Closes RhinoAg Facility
Alamo Group alerted employees at its RhinoAg facility in Gibson City, IL., on Aug. 20, that it will consolidate operations with the Bush Hog facility in Selma, AL., by the end of March 2025.
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Boost Your Business and Drive Innovation at the Fall Convention!
Mark your calendars for October 22-24 as we gather in Addison, TX, for this year’s Marketing & Distribution Convention. This event remains a cornerstone for networking, education, and strategic discussions for our diverse membership.
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CLAAS and Butler Machinery Announce Transition Plans
CLAAS and Butler Machinery Company, partners for more than 25 years, are transitioning to a new phase.
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Unlock the Full Value of Your FEMA Membership!
As part of our strong community of more than 650, your membership in the Farm Equipment Manufacturers Association (FEMA) offers you more than just a connection to manufacturers, suppliers, and wholesalers. It provides you with a competitive edge and a wealth of opportunities to grow your business and develop your team.
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Alamo Sells Herschel Parts to Bourgalt Tillage Tools Ltd.
Alamo Group Inc. announced the sale of its Herschel Parts business to F.P. Bourgalt Tillage Tools Ltd. Herschel Parts, a manufacturer of high-quality agricultural replacement and wear parts based in Indianola, IA.
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Safety Net Issues Stall Farm Bill
A Senate Appropriates Committee met to discuss the passage of the Farm Bill and the importance in providing a safety net for farmers through reference prices.
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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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Federal Reserve Expected to Cut Rates in September
The Federal Reserve voted unanimously to hold interest rates unchanged at their current 5.25% – 5.5% target in July.
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FEMA Recruiting Members for Plant Tours
If your company is interested in setting up a tour and showcasing your facilities, equipment, and amazing people, the Association would love to talk to you.
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Deere Q3 Sales Down 17%
Deere’s worldwide net sales and revenues decreased 17%, to $13.152 billion, for the third quarter of 2024 and decreased 11%, to $40.572 billion, for nine months.
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Rural Mainstreet Economy Fell to 2024 Low
For a 12th straight month, the overall Rural Mainstreet Index (RMI) sank below growth neutral, according to the August survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy.
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Insurance Rates Climb, Workers Comp Falls in July
Commercial insurance rates rose for most lines last month, but Workers Comp was the only major line that saw a decrease.
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U.S. Sales of 4WD Tractors Increase in July
U.S. sales of 4-wheel-drive tractors increased 18.6% in July 2024 compared to the year before and are up 5.2% year-to-date according to the latest data from AEM.
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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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Convention 101: Tips You Need to Know for the Fall Convention
The Association’s Marketing & Distribution Convention is a bit more complex than our spring meeting. These tips will help you make the most of your time in Addison, TX, whether you’re a convention rookie or a seasoned veteran. Register early and save $200.
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Unlock Fall Convention Sponsorship Opportunities
Enhance your presence at the Marketing & Distribution Convention by taking advantage of our newly revamped sponsorship packages, which feature prime booth locations and extended display times.
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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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Unemployment Claims Drop Sharply, Easing Labor Market Concerns
The number of Americans filing for unemployment benefits fell significantly last week, providing a boost to labor market optimism.
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Free September 26 Webinar – Sharepoint: The Next Steps
In this webinar, Spindustry will expand your knowledge and show you possibilities that you may not have considered for your SharePoint environment.
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Taking the Mystery Out Of Coinsurance
Coinsurance can be confusing, even for some insurance professionals. But don’t worry, we’ll break it down simply.
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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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Check Out Sentry’s Exclusive Member Benefits
We invite our members to take advantage of Sentry’s free resources through a library of safety resources and webinars.
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New Member Profile: Teles Hydraulics
Teles Hydraulics began its journey in 2004, manufacturing prototypes of hydraulic cylinders for road trailers. They manufacture over 10,000 models of cylinders for agriculture, sugar cane processing, construction, forestry, trailers, and load moving and lifting.
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Alamo Group Announces Q2 Earnings
Alamo Group Inc. reported results for the second quarter ended June 30, 2024.
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CNH Appoints VP For New Holland AG
CNH executives announced the immediate appointment of Ryan Schaefer to the role of Vice President for New Holland Agriculture North America.
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AGCO Reports 15% Decline in Q2 Net Sales
Net sales for the first six months of 2024 were approximately $6.2 billion, which is a decrease of 13.7% compared to 2023.
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CNH Reports Decline in Q2 Revenue
CNH Industrial N.V. reported results for the three months ended June 30, 2024, with net income of $438 million and diluted earnings per share of $0.34 compared with net income of $710 million and diluted earnings per share of $0.52 for the three months ended June 30, 2023.
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Kinze to Lay Off 193 Employees in Iowa
Kinze announced Aug. 1 that it will be implementing a reduction in its workforce in response to the ongoing economic downturn in the agricultural sector.
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Titan Announces Q2 Earnings
Titan International, Inc. reported 2nd quarter 2024 financial results which continued to reflect a difficult macro environment in most of its end markets.
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AGCO Announces Missouri/Wisconsin Dealer Updates
AGCO provided updates regarding the growth plan for its North American distribution network which includes expansions in Missouri and Wisconsin.
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Trimble Announces Q2 Earnings
Trimble Inc. announced financial results for the second quarter of 2024.
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Farmer Sentiment Improves in July
The Ag Economy Barometer Index rose 8 points to 113. At the same time, the Index of Current Conditions increased by 10 points to 100, and the Index of Future Expectations at 119 was 7 points higher than a month earlier.
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Celebrating Tricia Kidd: 25 Years of Commitment to FEMA
Please join us in congratulating our Accounting/Meeting Services Director, Tricia Kidd, on her incredible 25 years with the Farm Equipment Manufacturers Association!
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AGCO Announces Definitive Agreement to Sell its Grain & Protein Business
AGCO, a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced it has entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners (“AIP”)
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Land Pride Halts Production at Three Kansas Facilities
Land Pride has made the difficult decision to stop production at 3 of their facilities in Kansas for the month of August.
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Salford Close Osceola, IA Plant
Salford Group, a Canadian-based manufacturer of tillage, crop fertilizer and application equipment, will close its Osceola, Iowa, manufacturing plant and will lay off 51 workers.
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Five Reasons to Attend the Marketing & Distribution Convention
The 2024 Marketing & Distribution Convention is approaching and with October 22 on the horizon, now is the time to start planning. If you haven’t registered yet, here are five compelling reasons to join us:
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Sneak Peek: Fall Opening Session Speaker Dean Lindsay
Get ready for an inspiring start to our Fall Convention with award-winning business author Dean Lindsay who is a renowned business culture strategist, a skilled workshop facilitator, and a powerful keynote speaker.
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Younger Workers Injured More Than Those Over 55
The proportion of work-related injuries among newly hired workers increased from 2017 to 2022, with workers under 25 reporting more frequent injuries than those 55 and older, according to a report released Thursday by the Workers Compensation Research Institute.
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New Member Profile: Liftech Industries India pvt LTD
Established in 1998 by Inderpal Singh in Ludhiana, LIFTECH is a reputed name in international markets for development and production of hitching/lifting solutions for tractors, trailers, and heavy Earthmovers.
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Farm Bill Prospects Nearly Nonexistent This Year
The already-slim chances of Farm Bill reauthorization in 2024 are waning in the summer heat, facing a legislative calendar almost out of days.
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Ten Ways to Protect Your Computer Network from Cyber Attacks
Protecting your computer network from viruses and attacks is essential in today’s digital age. Here are ten effective strategies to keep your system secure and your data safe—an obvious but important reminder for everyone.
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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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Vermeer Welcomes AEM Manufacturing Express
Vermeer recently had the pleasure of hosting the Association of Equipment Manufacturers (AEM) Manufacturing Express at The Vermeer Mile.
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Components Company Inc. Celebrates 90th Anniversary
Congratulations to, member company, Components Company Inc (CCI) who is celebrating the milestone anniversary of 90 years!
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New Member Profile: Classy Llama
Classy Llama is an agency of a different breed. They could not be more serious about the level of integrity, excellence, and commitment they bring to their clients.
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Rural Mainstreet Economy Down Again for July
For an 11th straight month, the overall Rural Mainstreet Index (RMI) sank below growth neutral, according to the July survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy.
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Deere No Longer Supporting DEI Initiatives
John Deere announced it will be ditching nearly all its diversity, equity and inclusion (DEI) polices in favor of a quality-based workplace.
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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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