Educational Opportunities for Members
Mark your calendars for these online learning opportunities this month.
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News
COVID Payments to Farmers Not the ‘Boost’ Some Expected
Projections for farm income in 2021 are 20 higher than the 2020 projection and 49 percent higher than the average from 2015 to 2019.
Read moreASABE Initiates Revision
ASABE has initiated a revision to ANSI/ASAE S390.6 (ISO 12934:2013) to adopt the new iteration of the international standard by the same name.
Read moreBurgers to Lead Sales at Moveero
Moveero, formerly GKN Wheels, has appointed Hugo Burgers to chief sales officer.
Read moreWelcome, and Happy Anniversary
Companies celebrating milestone membership anniversaries this month represent a century of wisdom in the shortline farm equipment industry. Still, they represent only a fraction of a percentage of the collective years of knowledge of member companies.
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Logistics, Supply Chain Data Forecasts Continued Trouble
LTL traffic will see a continued capacity crunch and possible rate increases, the report forecasts.
Read moreVermeer Corp. Breaks Ground on New Parts Distribution Center
New parts distribution center at Vermeer campus will add 100 new jobs in Pella, Iowa area.
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With Pfizer Approved, Will Employers Mandate? Opinions Vary.
At Cleveland-Cliffs, an incentive program that gave employees the opportunity to pocket as much as $3,000 had generated a 60 percent vaccination rate as the deadline to participate approached last week.
Read moreNotice: Annual Business Meeting, Election of Directors
The Association will hold its Annual Business Meeting and election of directors during the 1 p.m. session Wednesday, Nov. 3, at the fall convention.
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Deere Forecasts Big Jump in Large Equipment Sales
In small agriculture and turf, net sales increased by 32 percent, and operating profits climbed 73 percent.
Read moreMark Decker Promoted to Land Pride President
Decker has been with Great Plains and Land Pride for more than 25 years, including a decade as national sales manager, and most recently as vice president of sales.
Read moreLEMKEN Becomes U.S. Subsidiary
Curtis Schaben will lead the U.S. operation as its managing director.
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Sitrex Expands Production Capacity
The new plant will be used for the production of haymaking and harvesting machines, such as balers and large rakes, as well as the line of the newest generation of self-propelled mixing wagons.
Read moreBrandt Tractor to Acquire Cervus Equipment Corp.
On the same day the agreement was announced, Cervus reported earnings for its best-ever second quarter.
Read moreDealer News
Expansions are underway for dealer operations headquartered in North Dakota and Florida.
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Deere, UAW Begin Negotiations
The current six-year master agreement covers approximately 10,100 production and maintenance employees at 12 Deere facilities.
Read moreDeere Buys Bear Flag
“We are effectively in market with real customers today (with driverless cabs),” said Dan Leibfried, Deere’s director of automation and autonomy.
Read moreCNH to Move Bulldozer Operations Outside of U.S.
The Burlington plant will continue production of backhoes, tractor loaders and rough terrain forklifts.
Read moreAcquisition Announced in Digital Ag Marketplace
Farmers Edge Inc., a digital agriculture company, has agreed to acquire CommoditAg, an online marketplace for agriculture products.
Read moreTractor/Combine Sales
Sales of big equipment showed enormous gains in July.
Read moreAlamo Execs Talk Supply Prices in Earnings Call
“While we’re pleased to see this improvement, we would normally expect a double-digit operating margin percentage,” an executive said of operating income that was 9.7 percent of net sales.
Read moreSupplier Leaders Meet in New Orleans to Plan Summit
“We are excited about the possibilities that the city of New Orleans holds for the Summit, and more importantly, we are excited about having the Association back together in full force,” supplier board chair Scott Moss said.
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Art’s Way Rebrands
“In short, it embodies the new Art’s Way tagline: How Work Gets Done,” the company said.
Read moreBuhler Industries Reports Sales Increase
The company said sales backlog remains high and supply chain challenges persist.
Read moreJohn Fisher Provides Standards Updates
Association safety consultant John Fisher has provided this update on standards activity for Association members.
Read moreCervus Announces Record Q2 Results
Agriculture equipment revenue increased 10% in the quarter and 4% year to date, primarily driven by increased customer demand for new equipment, supported by strong market fundamentals in all our geographies.
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Cervus Equipment Agrees to be Acquired by Brandt Tractor
Transaction would create one of the largest privately-held dealership groups in the world and enhance Cervus’ ability to execute on its strategy of delivering best-in-class equipment and solutions to its customers
Read moreGreat Plains – New Salina Project
The rapidly growing company is transforming the 750,000 square-foot structure at 3861 S. Ninth St., into Kubota’s North American Skid Steer Loader (SSL) and Compact Tracked Loader (CTL) Construction Equipment design and manufacturing center.
Read moreStrong Farm Economy Supports Ag Credit Conditions
The outlook for profit opportunities in 2021 remained strong for most agricultural producers as commodity prices remained well above recent years.
Read moreAgJunction Reports Q2 Results
Total revenue in the second quarter of 2021 was $3.4 million compared to $4.6 million in the second quarter of 2020.
Read moreSenate Amendment May Protect Farms and Ranches from Transfer Taxes
In the middle of the U.S. Senate’s flurry of amendments and votes this week on a $3.5 trillion budget reconciliation
Read moreAlamo Group Report Q2 Results
The Company’s Agricultural Division net sales in the second quarter of 2021 were $116.3 million compared to $86.4 million in the prior year’s second
Read moreComer, Walterscheid Become One Company
Combining the companies creates one of the largest global providers of powertrain equipment with complementary product portfolios and aftermarket parts and services for industries serving agriculture, construction, and wind power.
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Farmers Expect Cooling Off Period in Machinery Buying
Nearly half of producers surveyed said they expect input costs to rise by at least 8 percent in the next year. Such costs have risen by 1.8 percent per year over the last decade.
Read moreAGCO Earnings Shows Big Gains in Big Equipment
Demand for high-horsepower tractors exceeded demand for low-horsepower tractors and drove a 24 percent increase for the first half of the year.
Read moreTitan International Sees Best Quarter Since 2013
The company sees momentum in large farm products, and because the big equipment market is “still roughly 25 percent below long-term averages,” it expects that momentum to continue.
Read moreCNHI: Rising Input Costs Will Be Offset by Price Realization
The company’s order book in agriculture more than doubled year over year for tractors, particularly in North America, and more than tripled for combines.
Read moreValmont Expects Huge Increase in Irrigation Sales
In its irrigation segment, the company reported a 57.6 percent increase in sales compared to 2020.
Read moreAlamo’s Raborn to Lead Expanded Division
Alamo CEO Jeff Leonard said Raborn’s “sense of urgency as well as his focus on growth and continuous improvement will translate into success as he assumes responsibility for a significantly larger division with Alamo Group.”
Read moreTap Into Members’ Expertise with These Webinars
In September, we will host two webinars to explore topics that members tell us are on their minds: succession planning and marketing.
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Sentry Policyholders Cyber Protection
Members whose product liability coverage is with Sentry Insurance also have coverage against cyberattacks and access to an Employer Resource Center.
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Member Benefit: New ASABE Standards Available
These resources, a $695 value, are available at no cost to Association members who do not have access through ASABE.
Read moreBrunner Joins Haven Steel
Tim Brunner was vice president of global sales at Lund Industrial Group for 10 years.
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Composition of NLRB Will Shift Left
The chair of the NLRB said she believed the Trump appointees took too narrow of an approach to labor law, and that the law “should correctly be read far more broadly …”
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Identify Your Weakness Before a Competitor Does
If you were starting as a new competitor in the same industry, how would you put your current company out of business?
Read moreGlyphosate Gone for Lawns, Remains for Farmers
The move is designed to mitigate future litigation risk.
Read moreComer, Walterscheid Become One Company
Comer Industries has acquired Walterscheid Powertrain Group, although Walterscheid has characterized the move as a merger.
Read moreAlamo Group Announces Prospective Changes
Realignment of the Ag Division into the Vegetation Management Division to take effect at the beginning of the Fourth Quarter of 2021
Appointment of Rick Raborn as the Executive Vice-President of the Vegetation Management Division
Members Discuss Industry Troubles
In late May, executives from member companies talked to Ag Innovator magazine about their biggest battles and how they’re faring in the fight.
Read moreBoost in Unemployment Pay Leads to ‘No’s on Job Offers
Morning Consult surveyed 5,000 U.S. adults from June 22-25 and found that among those actively collecting unemployment benefits, 29 percent said they turned down job offers during the pandemic.
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