Association to Host Annual Business Meeting, Elections
Convention attendees in Oklahoma City will elect new leaders for their respective membership sections.
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News
Tractor/Combine Sales
Combine sales in Canada posted a 29 percent gain in August. Sales of tractors in the 100-plus horsepower category in the U.S. increased by 38 percent.
Read moreFlorida Court: Work Comp Does Not Cover Medical Pot
An appellate court upheld a decision that requiring an insurer to pay for or facilitate an injured worker’s use of marijuana would expose the insurer to criminal liability.
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Strong to Stronger: Equipment Sales, Confidence in Economy
The farm equipment-sales index confirms the demand that manufacturers are experiencing.
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Shortages Force Exhibitor Creativity at Farm Shows
High demand, too few workers, and a shortage of microchips are forcing manufacturers to approach farm shows differently.
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Bankers Report Record Farmland Price Index:
For the 10th straight month, the Creighton University Rural Mainstreet Index (RMI) remained above growth neutral, according to the monthly survey
Read moreEverything Attachments To Invest $20M In North Carolina
The farm implement and tractor attachment maker will create 147 jobs at its new multi-building manufacturing campus in Conover, NC.
Read moreRaven Industries Shareholders Approve Transaction With CNH Industrial
SIOUX FALLS, S.D., September 15, 2021–(BUSINESS WIRE)–Raven Industries, Inc. (the Company; NASDAQ:RAVN) announced that, at a special meeting held on September
Read moreNearly 400 Container Ships Wait to Berth
Globally, 376 container ships carrying are piled up near ports, according to figures compiled Thursday. The longest wait at that time was 15 days in queue.
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Farmer Sentiment Rises, Financial Outlook Remains Strong
Producers are becoming increasingly concerned about rising input costs. Thirty-nine percent of respondents said they expect input prices to rise by 8 percent or more.
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More Than One in Five Dealers Beat July Forecasts
Dealers report that inventories remain too low, pricing is up, and sales are beating forecasts. See the data from Ag Equipment Intelligence.
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Land Prices as High as an Elephant’s Eye
In Iowa, in one week, five counties broke records for price per acre on farmland. In at least one county, the record had only been standing for a week.
Read moreTitan Raises Forecast
“We currently have customer commitments for the majority of our new machinery orders being shipped in Q3 and Q4 of FY ’22,” the COO said. “And we are also finishing presale customer orders for production slots into the first of FY ’23.”
Read moreFisher Barton Announces New Leaders
Fisher Barton has appointed Scott Coyne as its vice president of sales and Paul J. Krejcarek as chief financial officer.
Read moreReturn of Farm Progress Brings Lighter Crowds, Good Conversations
FEMA was well-represented at Farm Progress. Crowds seemed light, which created opportunities to dig into good conversations.
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Educational Opportunities for Members
Mark your calendars for these online learning opportunities this month.
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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.
Read moreDeere 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.
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