The Corrosion Cost: Coating’s Role in Prevention
Data suggests the global cost of corrosion to be a staggering $2.5 trillion, about 3.4% of the global gross domestic product (GDP).
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News
Trelleborg Opens Manufacturing Plant in Vietnam
Trelleborg Sealing Solutions starts production at its first ever manufacturing facility in Vietnam.
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Global Precision Ag Market to Grow by 13% by 2032
Farmers are transitioning from traditional farming practices to precision farming due to the significant cost advantages afforded by mechanical agricultural technologies.
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Health Benefits Costs to Increase 5.2% in 2024
Employers expect a sharp increase of 5.2% in the average per-employee cost of employer-sponsored health insurance in 2024, according to a recent report.
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US Steel Idles Granite City Works, Laying Off 1,000 Workers
U.S. Steel is indefinitely idling primary operations at its Granite City Works steel mill in Illinois.
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Lee Presented with C. P. Nicholson Membership Award
Kenny Lee with Landoll Company, LLC is the 2023 recipient of the C.P. Nicholson Membership Award, an honor bestowed upon the executive who recruits the most member companies into the Association.
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Deere Right-to-Repair Lawsuit to Continue
A federal judge on Monday said Deere & Company must face claims from crop farms and farmers that the agricultural machinery maker has unlawfully conspired to restrict services for maintenance and repair.
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Bayer Loses 4th Straight Roundup Suit
Bayer faces a payout of $1.56 billion after a Missouri jury found in favor of the plaintiffs who blamed its Roundup weedkiller for causing their cancers.
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Deere Reports Q4 Earnings
Deere reported net income of $2.369 billion for the fourth quarter ended Oct. 29, 2023,
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Kinze & Ag Leader Owe Deere $16 Million in Planter Lawsuit
An Iowa jury returned a verdict that found Kinze and Ag Leader had infringed on several John Deere patents regarding True Speed/SureSpeed technology.
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2024 Will See Continued Push to Digitize Supply Chains
A recent survey found 76% of manufacturers are adopting digital tools to gain enhanced transparency into their supply chain.
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Manufacturers: Don’t Overlook Important Tax Credits
In the manufacturing industry, there are many available tax credits for businesses. Is your company taking advantage of valuable tax credits that are easily overlooked, but easy to obtain?
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Rural Mainstreet Slumps to Lowest Level in Three Years
For a third straight month, the overall Rural Mainstreet Index (RMI) sank below growth neutral.
Read more2024 Forecast: The Unstoppable Surge Towards Digitalizing Supply Chains
A recent survey from Deloitte, 2024 Manufacturing Outlook, looked at the changes expected with the supply chain.
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Deere Reports $61.3 Billion in Q4 Earnings
Deere & Company reported net income of $2.369 billion for the fourth quarter ended Oct. 29, 2023.
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Buhler Reports Q3 Earnings
Buhler announced revenue for the quarter was $60.1 million, down $5.2 million from the same quarter in the prior year.
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Highlights from the 2023 Marketing & Distribution Convention
Over 300 executives convened to connect with industry peers, reignite their enthusiasm for their businesses, forge invaluable connections, and glean insights from some of the most brilliant minds in our field.
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Scenes from the Industry Showcase
Check out a slide show from the Marketing & Distribution Convention Industry Showcase.
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Board of Directors Elected at Fall Convention in Kansas City
The Farm Equipment Manufacturers Association Board of Directors elected officers at its Marketing & Distribution Convention at the Sheraton Crown Center in Kansas City, MO on Wednesday, Nov. 1, 2023.
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Agriculture Leaders Agree to One-Year Farm Bill Extension
Agricultural leaders in Congress have negotiated a one-year farm bill extension to be included in a proposed measure to keep the government running.
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EMDA Board Elected During 2023 Fall Convention in Kansas City
EMDA recently elected officers and directors at the Marketing & Distribution Convention in Kansas City, MO.
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Canada House Passes Right-to-Repair Legislation
Agricultural Manufacturers of Canada (AMC) explains the recent passing of Canadian right-to-repair legislation
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Steel Production
Steel production in net tons as of November 6, 2023.
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4WD Tractor Sales Maintained Upward Momentum in October
Unit sales of 4WD ag tractors continued growing in both the U.S. and Canada in October, making a strong opening of the final quarter of 2023.
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Farmer Sentiment Improves as Financial Outlook Brightens
The Purdue University-CME Group Ag Economy Barometer rose 4 points in October to a reading of 110.
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CNH Expands Partnership with LS Tractor
CNH Industrial announced Nov. 8 its intention to expand its partnership with LS Tractor.
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Kubota North America Names New Leadership Team
Kubota North America announced significant leadership changes following the Kubota Corporation (KBT) board of directors meeting held in Osaka, Japan.
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Association Elects Officers at Fall Meeting
The Board of Directors of the Association elected officers at the Marketing & Distribution Convention in Kansas City, MO on Wednesday, Nov. 1, 2023.
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AGCO Reports Record Q3 Net Sales
AGCO has reported financial results for the third quarter ended Sept. 30, 2023. Net sales for 3Q2023 were approximately $3.5 billion, an increase of 10.7% year-over-year.
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Valmont Net Sales Down 4% in Q3
For its third quarter ended Sept. 30, 2023. Valmont reported net sales of $1.1 billion, down 4.3% year-over-year.
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Trimble Reports Q3 Revenue
Trimble Inc. recently announced financial results for the third quarter of 2023. Third Quarter 2023 Financial Highlights Revenue of $957.3
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S3 Group Ltd. Acquires Power Pin Inc.
S3 Group Ltd. has officially announced their acquisition of Power Pin Inc.
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Alamo Reports Record Q3 Net Sales
Alamo reported record third quarter 2023 net sales of $419.6 million, an increase of 13.8% compared to $368.8 million in the third quarter of 2022.
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CNH Reports Q3 Revenue of $6 Billion
CNH Industrial reported consolidated revenues of $5.99 billion, up approximately 2% compared to Q3 2022.
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NAEDA CEO Recognized with Distinguished Service Award
The North American Equipment Dealers Association (NAEDA) Board presented the NAEDA CEO, Kim Rominger, with a Distinguished Service Award.
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Shortline Legends Hall of Fame Awards Presented at Fall Meeting
Don Landoll, Applequist honored with Shortline Legends Award at the Marketing & Distribution Convention in Kansas City, MO.
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AGCO to Furlough Up to 900 Employees in Kansas Plant
AGCO will temporarily furlough up to 900 employees to “upgrade critical systems” at the company’s Hesston, KS facility.
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See You in KC: A Few Important Notes!
If you are joining us for the 2023 Marketing & Distribution Convention at the Sheraton at Crown Center, here are a few important notes to help you prepare. (If you have not yet registered, there’s time! Go to FarmEquip.org.)
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Shortline Legends Shine at Fall Convention
You are cordially invited to join FEMA for the “Shortline Legends Hall of Fame,” presentation, which will take place at the upcoming Marketing & Distribution Convention on Nov. 1 at 9 a.m.
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Maintain Culture and Continuity with a Buy-Sell Agreement
A buy-sell agreement can be a powerful tool to protect your business culture and legacy tool and prevents unqualified buyers from disrupting the operations, culture, or vision of your business.
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Four Ways You Can Improve Your Social Media Presence
With so many companies competing for attention, creating a social media presence can be challenging. Here are five key strategies that can help you improve your social media presence.
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Seven Seconds For A Great First Impression
The Marketing & Distribution Convention will be here soon. So, what can you do to make a good first impression with peers or potential customers that you will meet for the first time?
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AgriTechnica Discount for Association Members
FEMA Members are eligible for a discount for both the Preview Day and Visitor Day ticket at the world’s leading trade fair.
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ASABE Updates Relevant to FEMA
Find the latest ASABE standards relevant to our members related to braking, tractors and self-propelled equipment, towed implements, tillage, lighting/marking, drawbar jacks, cab enclosures and more.
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High Interest Rates Discourage Farm Loans
Ag bankers say farmers are tapping their savings from recent boom years instead of borrowing money at what are the highest interest rates since 2007.
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Further Rate Hikes Possible Says Federal Reserve
The still-robust U.S. economy and tight labor market could mean further interest rate hikes, Federal Reserve Chair Jerome Powell said.
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Titan Machinery Announces Leadership Succession
Titan Machinery announced that President and COO Bryan Knutson will become President and CEO Chairman and CEO David Meyer to Assume Role of Executive Chairman.
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Art’s Way Announces Q3 Earnings
In its earnings released Oct. 11, Art’s Way reported $8.1 million in third quarter sales.
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Dealers Pessimistic About 2024 New Equipment Sales
The Farm Equipment Dealer Business Outlook & Trends survey shows what trends dealers are expecting for the coming year.
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Kinze Signs Clinton Tractor as Dealer
New Holland dealer Clinton Tractor & Implement, Clinton, N.Y., will carry the full line of Kinze planters and equipment as well as parts.
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