Three Titan International Tire Facilities Ratify New Contracts
PRNewswire — Titan International, Inc. announced that Titan employees represented by the United Steelworkers (“USW”) have voted to ratify new
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Supreme Court Blocks Vaccine Mandate for Large Employers
January 13. 2022 – The U.S. Supreme Court has ruled against President Joe Biden’s vaccine mandate for large employers (over
Read moreS3 Group has acquired TEMP Farm Equipment Ltd.
Saskatchewan-based S3 Group has acquired TEMP Farm Equipment Ltd., of Mitchell, Ont. TEMP Farm Equipment is best know for its AWS
Read moreBerlon Industries Acquires Lowe Manufacturing
Berlon Industries, of Hustisford, Wis., has acquired Lowe Manufacturing, a Viola, Wis.-based supplier of auger, trenching and grapple attachments that complement Berlon’s line of buckets and attachments for skid steers and other machines. The deal closed the first week of January 2022.
Read moreDealer Merger News
Midwest Machinery Co., a Deere dealership in central Minnesota announced it has finalized an agreement to acquire 2 multi-location dealerships:
Read moreOmicron Adds to Manufacturing Woes
Coronavirus surge hits factory workforces just as they struggle with supply-chain issues and rising costs.
Read moreDeere Buys Battery Developer, Connectivity Platform
Kreisel Electric will retain its brand and continue to operate in Austria. AgriSync will sunset its brand and focus exclusively on the Deere-branded version of its product.
Read moreAGCO Invests in Greeneye Technology, Acquires Appareo
Greeneye’s system uses artificial intelligence to detect and spray individual weeds with the goal of reducing herbicide usage.
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Low Inventories Influence Plans to Buy Farm Equipment
Nearly four out of 10 farmers who responded to the survey expect input prices to rise by more than 30 percent in the upcoming year.
Read moreClaas Reports Nearly 20 Percent Rise in Revenue
In its outlook, Claas said it expects the supply situation and price development on the procurement markets to present a greater risk in 2022.
Read moreCNHI Demerges from Iveco, Invests in Sampierana
Sharholders of CNH Industrial have approved the demerger of Iveco Group business from CNH Industrial. CNH Industrial has also completed its purchase of 90 percent of the capital stock of Sampierana S.p.A.
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Farm Equipment Sales Index Hits 10-Year High
While the indices show economic growth, bankers warned that inflation and rising costs of input and land could hinder rural economies.
Read moreMurdock Joins Montag
“Mr. Murdock has extensive experience in OEM marketing and dealer network sales support, and we are fortunate to have him join our family of talented employees,” said CEO Anthony Montag.
Read moreUnverferth Names VP of Sales
He succeeds Dan Fanger, who retires this Friday after a distinguished 56-year career with the company.
Read moreBuhler Sells Shares to Combine Factory
Prior to completion of the acquisition, the company held about 80 percent of Buhler’s total issued and outstanding shares. Now it holds about 97 percent of Buhler’s shares.
Read moreSuppliers Meet Next Week to Plan Summit
Supplier board chairman Scott Moss said the board will focus on “making the most of our host city and planning events that will create opportunities to talk business and have fun.”
Read moreAGCO Partners with College to Train Techs
The program will leverage AGCO technical experts to train technicians from existing dealerships.
Read moreKirby Brings Piece of Aviation History to Museum
The aircraft was used during a mission in the Middle East. It was the first of five that will be moved from Hawaii to Atwater, Calif.
Read moreDealer News
See the latest in acquisitions among dealers in the eastern U.S.
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Happy Anniversary, and Welcome
See what companies have recently applied for membership in the Association and who is celebrating milestone membership anniversaries.
Read moreTractor/Combine Sales
Strong sales continue to the 100-plus horsepower tractor category in both Canada and the U.S. Sales of four-wheel drive tractors declined.
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Worry Over Production Costs Mounts for Farmers
The Farm Capital Investment Index declined, which seems to be a function of supply chain problems as well as concerns about rising input costs.
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From the Association to You: Merry Christmas
Through decades of membership, time-tested friendships, shared experiences, and mutual support, there is a family here that defies genetics.
Read moreMacDon to Partner with Case IH, New Holland
In separate news releases last week, Case IH and New Holland Agriculture announced partnerships with MacDon Industries related to draper headers.
Read moreCNH Completes Raven Acquisition
CNH Industrial has completed its acquisition of precision agriculture technology and member company Raven Industries.
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Is Your Directory Listing Up to Date?
Members use this directory until the corners are curled and the pages coffee-stained. It is important your company’s listing is current and accurate.
Read morePoettinger Hits Record Sales in Milestone Year
Sales revenue in Canada increased by 48 percent at Poettinger, which drove a record in sales during the company’s 150th year.
Read moreDeere to Expand IT Workforce
Deere will add 150 IT jobs at a new office in Chicago with a goal of hiring 300 people to support IT and other roles.
Read moreKubota Invests in Tree Crop Tech
The tech company uses image analysis technology and AI to assess plant growth and detect pests on grape, blueberry, and other tree crops.
Read moreKubota Names New CEO
The newly appointed chief executive has been with Kubota for 32 years. He has worked in the company’s U.S. business as well as held executive roles in Europe.
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Shift to Domestic Supply Chain Could Fuel Inflation
While supply-chain bottlenecks should eventually ease, other trends could persist: policies such as tariffs and “Buy American” procurement rules, businesses moving production back to the U.S., and depressed immigration inflows.
Read moreAgritechnica Calls Off February Show
A fourth wave of COVID in Germany prompted the decision. The show was expecting 2,000 exhibitors.
Read moreDealer News
See the latest in acquisitions and plans to build.
Read morePrecision 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.”
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