Deere Layoffs Continue as Production Moves to Mexico
Deere announced another round of layoffs on June 5, this time impacting 120 workers at its Seeder and Cylinder plant in Moline, IL.
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News
Vermeer Wins “Coolest Thing Made in Iowa” Contest
Congratulations to longtime member company Vermeer who on Wednesday, June 5, Vermeer’s ZR5-1200 self-propelled baler was named the first-ever Coolest Thing Made in Iowa
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Latest Update on John Deere Layoffs
Farm Journal learned that nearly 60 salaried Intelligent Solutions Group (ISG) employees based out of the Urbandale, IA, office will be laid off in the first week of August.
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Report Shows 75% of Corn Crop in Good/Excellent Condition
USDA released its 10th Crop Progress report of the 2024 growing season on June 3. Here’s a look at the most recent corn, soy, wheat, and oat numbers.
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Ag Retailers Are Optimistic for 2024 Growing Season
Fifty-three percent of the nation’s top ag retailers said the 2024 growing season rates between a five and seven on their 10-point scale.
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Bridgestone-Firestone Announces Layoffs at Des Moines Plant
Bridgestone-Firestone announced June 6 it would be cutting jobs at its Des Moines, Iowa, plant.
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ASABE Adopts ISO Drawbar Jack Standards
The American Society of Agricultural and Biological Engineers (ASABE) has replaced identical adoption ASABE/ISO 12140:2013, Agricultural machinery — Agricultural trailers and trailed equipment — Drawbar jacks, with identical adoptions of the current two part ISO standards .
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United States and Europe Union Bird Flu Vaccines
The United States and European Union are taking steps to acquire or manufacture H5N1 bird flu vaccines.
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NAEDA Announces Four Elected Regional Directors
The North American Equipment Dealers Association (NAEDA) announced June 5 the newly elected and re-elected directors for the Great Lakes, MSEDA, North Central, and Pacific Northwest Regions.
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Association Welcomes New Membership Director
The Farm Equipment Manufacturers Association is pleased to welcome Cathy Peirick as the Member Services Director.
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Download the FEMA App Today!
The Association has launched an app that will keep you informed all year round.
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Higher Commodity Prices Soften Farm Income Decline
Springtime increases in corn, soybean, and wheat prices brightened the outlook for the agricultural sector amid expectations of lower farm income this year than in 2023.
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More Wind, Rain and Hail Likely Ahead in June
The long line of severe storms that swept across the Midwest recently – from parts of Nebraska, through Iowa and into Illinois – has been officially classified a derecho by the Storm Prediction Center.
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Enhancing Your Online Presence For Better Customer Engagement
by Brandon Dempsey, 2024 FEMA Supply Summit & Showcase How often do you look up a product or service on
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AEM Hall of Fame Deadline: 6/14
The Association of Equipment Manufacturers (AEM) is now accepting nominations for its 2024 Hall of Fame, which honors the trailblazers, inventors, and leaders whose work has left a legacy on the off-road equipment industry.
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U.S. Ag Trade Deficit Doubles
he U.S. ag trade deficit continues to grow. USDA is now projecting it will reach $32 billion for fiscal 2024, up from $16.7 billion in FY23.
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Deere Plans to Shift Production Amidst Midwest Manufacturing Slump
Since January 2024, John Deere has laid off 650 workers between locations in central and eastern Iowa and more could be on the way.
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USDA Crop Progress Report
U.S. corn and soybean planting both remain ahead of average. That’s despite last week’s heavy rainfall in some areas, including flooding, severe storms, and the loss of human life, with most forecasts showing a good near-term planting window for much of the region this week.
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CNH Industrial Ag President Steps Down
CNH Industrial N.V. announces that it has accepted Derek Neilson’s request to leave the Company later this year.
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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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House Ag Committee Completes Farm Bill Markup
The U.S. House of Representatives Committee on Agriculture completed its markup of the Farm, Food, and National Security Act of 2024 (Farm Bill) on May 24, 2024, passing the proposed legislation 33-21
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New Member Profile: The TireGrabber Ltd.
Starting from the need to solve a serious problem, Darcy Goossen invented, patented, and engineered The TireGrabber in 2017.
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Farmer Sentiment Recovers in May
Farmer sentiment recovered somewhat in May following a sharp drop-off in April. The May reading of the Purdue University-CME Group Ag Economy Barometer came in at 108, up 9 points compared to April.
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ASABE Revises Standards on Tractor Ballast and Tread Settings
ASABE has initiated the revision of ASAE EP562.1 SEP2015 (R2019) Procedure for Determining Recommended Ballast and Minimum Rear Wheel Tread Settings for Agricultural Tractors with Agricultural Front Loaders.
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New Member Profile: BPW-Hungária Kft
Meet new member BPW-Hungária Kft., a wholly-owned subsidiary of the German BPW Group, who is a manufacturer of running gears for agricultural vehicles and machines.
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Container Shortage Drives Ocean Freight Rates Skyward
A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates.
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Farm bill Advances from U.S. House Panel
Republicans moved their long-awaited new farm bill through the U.S. House Agriculture Committee last week, despite opposition from most Democrats.
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Announcing the Winner of Our Supply Summit Evaluation Contest!
We extend our sincere thanks to all the members who participated in the 2024 Supply Summit & Showcase Evaluation. Your feedback is invaluable to the Association’s Convention Committee and Management.
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House Unveils $1.5 Trillion Farm Bill Draft
The U.S. House Agriculture Committee Friday released the draft bill text of the long-awaited $1.5 trillion farm bill, which is likely to face opposition in the Senate from Democrats due to disagreements over federal anti-hunger programs and climate change requirements.
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Planting Progress Leaps Forward, But Behind Average
The USDA released its eighth Crop Progress Report of the 2024 growing season. Here’s a look at the most recent corn, soy, wheat, and oat numbers.
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Top Ten Memorial Day Facts
For many Americans, Memorial Day marks a fun-filled long weekend and the unofficial start of summer. In light of this meaningful history, it’s important to remember the real reason for the holiday.
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Milestones and Moments: Hathaway Family Welcomes 1st Grandchild
FEMA Executive Vice President, Steve Hathaway, and wife Amy recently welcomed their first grandchild, Dallas Thomas Damon!
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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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Feds Boost Biosecurity Funding at Dairy Farms to Fight Bird Flu
The U.S. Department of Agriculture (USDA) will now pay dairy farms with confirmed avian influenza infections to help contain the virus’ spread.
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Insurance 101: Why It’s Essential for Your Business
Every year, we face the challenge of renewing our insurance policies, and prices are rising despite having few claims. So why do we need insurance?
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Members Only: Free ASABE Flash Drive
As a benefit of membership in this Association, companies may request a no-cost CD or flash drive containing current standards from the American Society of Agricultural and Biological Engineers (ASABE). This is a $569 value. Restrictions apply.
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Exclusive Member Benefit: Free FEMA Member Directory
Members of the Association may request a physical directory that includes contact information for other member companies
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CNH Q1 Net Ag Sales Decline 14%
Results for the three months ended March 31, 2024, with net income of $402 million and diluted earnings per share of $0.31 compared with net income of $486 million and diluted earnings per share of $0.35 for the three months ended March 31, 2023.
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Dramatic Rise in Workplace Drug Test Cheating
The percentage of employees in the general U.S. workforce whose drug tests showed signs of tampering increased by more than six-fold in 2023.
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Blame El Niño and La Niña for the Extreme Weather Outbreaks
Since late April, the U.S. has been hit by numerous tornado outbreaks and planting delays due to extreme weather, a result of the rapid transition from El Niño to La Niña.
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AGCO Faces Lawsuit from Indian Tractor Manufacturer
AGCO has terminated its commercial relationships with Indian tractor manufacturer Tractors and Farm Equipment Limited (TAFE).
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Kubota Caps Number of Dealer Stores by State
Kubota has implemented a new policy that will cap the number of stores any Kubota dealer can own per state.
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New Member Profile: BC Technologies
Meet BC Technologies, which specializes in wire harnesses for agriculture and industrial equipment. They offer a range of products and services, including harness assembly, prototyping, and harness evaluation and repair.
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NTN Bearing Recognized with Supplier Excellence Certification
The NTN Hamilton Plant was awarded the Supplier Excellence Recognition Process (SER) Certification which underscores NTN’s consistent demonstration of excellence in product quality, service delivery, and overall performance in its partnership with Caterpillar.
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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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Buhler Reports Q1 Income Up 27%
Buhler reported that revenue for the quarter was up 27% coming in at $71.1 million Canadian compared with C$56 million in the prior year first quarter.
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Deere Reports Second Quarter Net Income
Deere & Company reported net income of $2.370 billion for the second quarter ended April 28, 2024, or $8.53 per share, compared with net income of $2.860 billion, or $9.65 per share, for the quarter ended April 30, 2023.
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Tractor/Combine Sales: 4WD Tractor Sales Soar in April
U.S. Sales of 4-Wheel-Drive tractors increased 24.1% in April compared to 2023, according to the new data from the Association of Equipment Manufacturers.
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🧑🌾Free June 6 Webinar: Farmer’s Buying Journey 🚜
If you are a dealer, distributor or manufacturer looking to make decisions about your digital and marketing strategy this real evidence will help you make informed decisions or back up decisions you have made.
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Farmers Planting Ahead of Schedule This Year
As of April 28, corn planting progress across the U.S. stood at 27% complete ahead of the 5-year average of 22%.
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