Dealer News
See the latest in acquisitions and plans to build.
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Precision Planting to Buy Software, App Company
The purchase “complements AGCO’s vision of being the trusted partner for industry-leading smart farming solutions …”
Read moreImpact of Deere Strike Appears Minimal in Earnings
The five-week strike that straddled the end of a fiscal year and start of another likely cut Deere’s production by 10 to 15 percent, but earnings remained strong.
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Association Offers Cyber Security Member Service
Members of Farm Equipment Manufacturers Association now have access to a no-cost online service to protect against cyberattacks.
Read moreJCA Announces New CEO, New Location
Darcy Cook has been with JCA for eight years. He has been developing off-road electronic control systems for 20 years and has also spent time designing satellites systems for the Canadian Space Agency.
Read moreWalterscheid Buys IFA Kardan
“This acquisition is another strategic step for us and will expand our driveshaft portfolio even further,” Walterscheid’s CEO said.
Read moreRevenue Dips, Gross Profit Climbs at Buhler
The company stated that demand for products remains strong and it is working to increase production to meet the growing order backlog.
Read moreOn An Association Committee? Check Your Inbox
The Association is calling on member executives to renew their commitment to committee work or get started this year. The work helps define our direction.
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ASABE Updates, Revises Standards
ASABE has adopted a new version of an ISO standard for mechanical connections of towed vehicles. It also has completed revisions to parts of a series on ag field equipment braking.
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Sentry Offers Comprehensive Safety Toolkit
“The content is designed to provide more than just lists of what manufacturers need to do,” said Sentry’s Bryant Hintz. “It is designed to give manufacturers examples and resources to help build their safety programs.”
Read moreWith Financing Secure, Monarch Plans Expansion
In related news, CNH Industrial has entered into an exclusive, multi-year licensing agreement for electrification technologies with Monarch Tractor.
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Kubota Reports Double-Digit Gains
In the farm and industrial machinery segment, revenue increased by 26.5 percent and accounted for 85.8 percent of Kubota’s consolidated revenue.
Read moreTitan’s Ag Segment Sets Quarterly Margin Record
“The combination of our larger base of revenues, healthy inventory position and lean infrastructure has allowed for powerful operating leverage that drove a 109 percent increase in pre-tax income for the quarter,” CEO David Meyer said.
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Equipment Sales, Land Values Strong in Rural Index
Readings for farm equipment sales and farmland prices over the last several months represent the strongest consistent growth since 2012.
Read moreFarm Data Company to Buy Sensor Tech Group
Fieldin, which helps farmers accelerate data collection, will acquire Midnight Robotics, which retrofits tractors with sensing technologies.
Read moreThe Rural Mainstreet Economy, November 2021
Approximately 30% of bank CEOs surveyed expect the recently passed infrastructure bill to have more negatives than positives for agriculture.
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President’s Message: Burenga Looks Ahead
“We are here to do business,” Burenga writes, “and in some cases, we are even competitors, but we recognize the value of moving the industry forward together, and we are genuine people who support one another.”
Read moreIn Memoriam: Gary Andrew MacDonald
“His office door always open, Gary Mac lived what he believed,” his obituary said, which is “business isn’t about business, it’s about people.”
Read moreTitan Acquires Jaycox
Titan Machinery Chairman and CEO David Meyer said the acquisition “is a perfect complement to our existing footprint in the heart of this highly productive region.”
Read moreBrandt Buys Cervus, Creates Mega-Dealer
With the acquisition of the Cervus locations in Canada, Australia and New Zealand, Brandt now owns and operates 120 full-service equipment dealerships.
Read moreAlamo Acquires Timberwolf
Timberwolf manufactures commercial wood chippers primarily serving markets in the U.K. and the European Union.
Read moreGreat Plains Promotes Shurts to VP
Shurts joined Great Plains in 2020. Prior to his time at Great Plains, he worked as the COO at Tribine Harvester, and the director of operations for AGCO.
Read morePlatinum Equity Buys Oregon Tool
Oregon Tool CEO Paul Tonnesen said “Platinum’s investment and operational expertise can help accelerate our growth and innovation …”
Read moreAGCO’s Q3 Shows Biggest Gains in South America
Broken down by region, AGCO reported a 36.6 percent increase in sales in South America and an 8.5 percent increase in North America for the quarter.
Read moreCNH Expects Disruptions to Ease in 2022
The company said supply chain disruptions contributed to a $700 million cash burn in the third quarter.
Read moreWebinar News: Join Sessions on Supply Chain, Safety, Marketing
The Association, in partnership with member companies, invites you to join these webinars focused on industry issues.
Read moreMembers Gather in OKC
The convention drew a lighter crowd than fall conventions before the pandemic but showed significant gains from the 2021 Supply Summit in Kansas City.
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UAW Members to Vote on Third Deere Contract Offer
Union members will vote on the contract Wednesday. The latest agreement is Deere’s “last, best and final offer,” a UAW spokesperson said.
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Steel Companies See Hot Market Extending to 2022
The extended boom in the $180 billion U.S. steel industry that began last year following pandemic-related shutdowns of mills is giving steelmakers more time to bring new plants into service and renew customer contracts at higher prices, executives said.
Read moreAGI’s Backlog Triples on Farm Equipment Orders
Farm segment trade sales grew 11 percent. Farm backlog is up 202 percent over prior year as of Sept. 30.
Read moreTractor/Combine Sales
Combine sales in the U.S. and Canada in October recorded 73 percent and 44 percent gains, respectively, compared to October 2020.
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Fear of Cost-Prize Squeeze Weakens Farmers’ Moods
Rising input costs are on most producers’ minds.
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Alamo Group Announces 2021 Third Quarter Results
Ag Division net sales increase 25% in Q3.
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President’s Column: Time, Effort Today Lead to Big Gains
Time is in short supply, which calls on you to use it wisely. Start by tapping into resources available through your membership.
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Art’s Way Reports 27 Percent Sales Increase in Q3
The company saw a 71 percent increase in grinder mixer sales, a 60 percent increase in beet equipment sales, and a 13 percent rise in manure spreader sales for the year to date.
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Fall Convention: Big Enough to Create Buzz, Do Business
“We see a dip in attendance among our Canadian members, which we understand, but of course their presence will be missed,” Executive Vice President Vernon Schmidt said.
Read moreChip Shortage Forces Plant Closures at CNH
The shutdowns in Europe will not exceed eight days and will conclude by month’s end.
Read moreTractor/Combine Sales
Sales of combines in the U.S. and Canada posted 35 percent and 24 percent gains, respectively, compared to September 2020.
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Kubota to Buy AgJunction
The AgJunction board said the sale “represents the best alternative available for AgJunction to create substantial value for our respective stakeholders …”
Read moreTrouble Begets Trouble: Port Jams Claim Capacity
An analysis shows that the amount of additional capacity required to meet demand is being outstripped by the amount of capacity being held up out of service as it awaits berthing slots.
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Negotiations Continue Between Deere, Union
The terms of the rejected deal included raises of 5 to 6 percent this year, based on job duties; 3 percent raises in 2023 and 2025; and lump-sum bonuses in three other years.
Read moreLeadership Transitions at Case IH
Brad Crews is now president of the North American region for CNH Industrial, which created a domino effect of other promotions.
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LTL and TL Forecast to Go Higher
Although they’re moving less weight in each parcel, the carriers have hiked their rates to cope with other factors such as labor shortages and capacity restraints.
Read moreBiodiesel Gains Market Share, Drives Up Demand for Soy
As bidding gets more aggressive on soybean oil, crushers accelerate production. Before last week’s crop production report, soybean prices hit a 10-year high.
Read moreCorn, Soybean Harvests Ahead of Schedule
The U.S. corn and soybean harvests have passed the halfway mark.
Read moreDeere Workers On Strike
Some 10,000 unionized workers at Deere & Company went on strike early Thursday after overwhelmingly rejecting a contract proposal worked out
Read moreCNH Industrial announces temporary plant shutdowns in Europe
13-OCT-2021 | London CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that it will temporarily close several of
Read moreArt’s-Way Results for Q3
Art’s-Way Manufacturing Announces Second Straight Profitable Quarter And $1.8 Million Improvement In Operating Income For The First Nine Months Of
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Case Counts, National Event Research, Suggest Low-Risk, Ordinary Meeting
Research concludes that “you are dramatically less likely to contract COVID-19 at a business event than by simply performing day-to-day activities such as grocery shopping.”
Read moreSpeaker Will Explore Cyber Risk, Member Resource
Josh Linton from Enquiron will join the Association for a breakout session in Oklahoma City to discuss cyber risks and a new, no-cost cyber resource for members.
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