In Memoriam: Donny Jones
Jones held several patents for designs in the drilling bit industry. He enjoyed hunting, fishing, sailing, raising bird dogs, barbecue cook-offs, the America’s Cup, and NASCAR.
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Talk to a Pro About Succession, M&A
The Association has formed a partnership with KCoe Isom to offer members no-cost, confidential consultations on succession planning and mergers and acquisitions.
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Farmers’ Reluctance to Build Weakens Investment Index
About a third of farmers expect farm input prices to rise by 8 percent or more in the upcoming year, which would be more than four times the average rise over the last 10 years.
Read moreHappy Anniversary, and Thanks for Joining
We publish these company names each month as a reminder that the Association continues to build upon its strength as an organization with fresh ideas and long-standing wisdom.
Read moreMembers Can Sell, Buy Surplus Supplies
Unverferth has more than 1,000 bolts and nuts for sale to other member companies. They are selling the supplies through the Association as part of a member benefit.
Read morePöttinger Expands in Austria
On the same day that operations began, the company broke ground on a second phase of expansion at the site.
Read moreBrandt Plans to Add 1,000-Plus Jobs
The Brandt Group of Companies plans to hire more than 1,000 new employees this year with the biggest expansions in Hudson, Ill., and two locations in Saskatchewan.
Read moreAgrisolutions Acquires Andersen Steel
A president in Agrisolutions’ global landscape said the acquisition “will strengthen our market position in Europe, especially with leading OEMs.”
Read moreIn Memoriam: Donny Jones
Donald Wayne “Donny” Jones, who spent 43 years in the farm equipment industry and served six on our Association’s Board
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112 Percent Increase in Open Jobs
Some 1.4 million people were laid off or furloughed from February to April 2020. But as of May, manufacturers were trying to fill 851,000 positions—a record high for the industry and a 112 percent increase since last February.
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Commodity, Consumer Prices May Prompt Fed Rate Hike
The world hasn’t seen such across-the-board commodity-price increases since the beginning of the global financial crisis, and before that, the 1970s. Corn, soybeans and wheat have jumped to their highest levels in eight years.
Read moreSpread of Virus Further Jams Freight in China
Amid a surge in COVID cases, ports issued notices suspending vessels from entering ports without reservations. The ports are only accepting bookings for export-bound containers.
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Tractor/Combine Sales
Sales of big machines saw big growth in May.
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White House to Launch Supply Chain Task Force
The task force will address the bottlenecks in the agriculture, construction, transportation and semiconductor sectors.
Read moreWhite House Pitches 15 Percent Minimum Corporate Tax
It is a response to situations in which companies have avoided paying federal income taxes despite turning a profit.
Read moreIt’s Back: Obama-Era Clean Water Rule Revisited
In response, AFBF President Zippy Duvall said that “clean water and clarity are paramount, and that is why farmers shouldn’t need a team of lawyers and consultants to farm.”
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Association Webinar: Tax Credits for Manufacturers
Participants will learn about the Research and Development (R&D) Tax Credit and Employee Retention Credit. The webinar is 9 to 10 a.m. Central on Tuesday, June 29. Go to FarmEquip.org/taxwebinar.
Read moreHow Do You Take Your News?
In the spirit of helping you manage the pile of papers on your desk and the number of emails in your inbox, the Association invites you to tell us how you prefer to receive this publication.
Read moreHappy Anniversary, and Thanks for Joining
Every company strengthens our presence in the industry and enriches our opportunities to learn from one another, influence policy, and solve problems together. Your membership matters.
Read moreManufacturers Not Part of OSHA’s New COVID Order
Initial communication on the order suggested it would apply to all industries, but White House officials said the science didn’t call for that.
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JBS Paid $11 Million Ransom in Cyberattack
JBS reports that the hackers do not appear to have gotten away with company, customer or employee data. The White House has linked Russia to the episode.
Read moreStellar Industries Buys MD Products and Solutions
Employee-owned Stellar Industries has acquired MD Products and Solutions, which makes ag and utility trailer products.
Read moreRaven Enters Agreement with AGCO, Others
Raven’s Dominic Walkes said the “expertise of each organization will undoubtedly provide industry changing solutions for some of agriculture’s greatest challenges.”
Read moreVaderstad Acquires AGCO-AMITY JV
The acquisition offers the Väderstad Group access to distribution outlets in the U.S., as well as a U.S. manufacturing facility and the “benefit from the heritage and strong reputation of the Wil-Rich, Wishek and Concord brands.”
Read moreDeere Sees Upswing in Sales of Larger Models
The sale of farm and turf equipment climbed 8 percent in the second quarter, Deere said, and the company expects sales for the year to climb by up to 15 percent.
Read moreNew Alamo CEO Joins Company’s Board
Jeffery Leonard succeeded Ron Robinson on Monday and was appointed to the board of directors on the same day.
Read moreRecommend a Member Exec for Board of Directors
Nominees should serve in leadership positions in their companies and have a history of engagement in Association work and the farm equipment industry.
Read moreIn Memoriam: Ward McConnell
The elder McConnell’s tenure at Art’s Way is a single chapter in a career narrative like no other.
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U.S. Initiates Trade Dispute Against Canadian Dairy
The U.S. alleges that Canada is not upholding the terms of USMCA and using a system to set aside a s hare of the dairy market exclusively for Canadian processors.
Read moreAg Revenue Up Nearly 19 Percent at Titan Machinery
The agriculture segment generated pre-tax income growth of 82 percent during the three months that ended April 30.
Read moreDealers Plan Construction, Expansions
Dealers in Louisiana, Montana, Pennsylvania and Kentucky are expanding their footprints in the equipment industry.
Read moreJudge Rules Against Bayer
The company stands by the safety of glyphosate and is committed to keeping it available for farmers.
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Build Your Workforce, Connect with Gen Z
When organizations create an atmosphere where people love to work, it’s a gamechanger.
Read moreCLAAS Begins Operations at ‘Future Factory’
The company characterizes the investment as a “complete renewal of assembly equipment and digital transformation of the plant” and a “rethink of many complex processes.”
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Väderstad acquires US-based AGCO-AMITY JV LL
Väderstad acquires US-based AGCO-AMITY JV LLC. Väderstad AB, one of the world’s leading companies in tillage, seeding and planting has
Read moreMainstreet Index Soars to Record High
About 61 percent of bank CEOs reported that their local economy expanded between April and May.
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Need Help Getting Workers? Use This Tax Credit.
Some larger employers have been offering hiring bonuses. But can small businesses afford the same? Thanks to a little-known federal tax program, the answer could be yes.
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‘No Company Safe’ from Cybercrime, Sentry Offers Help
“Cybersecurity will be the issue of this decade in terms of how much worse it is going to get,” according to the CEO of IBM. Association partner Sentry has a resource to help.
Read moreTitan Expects Hot Market to Continue
CEO Paul Reitz said he expects upward trends in the agricultural sector to continue, “ and in some cases even improve throughout 2021 into 2022.”
Read moreValmont to Acquire Prospera
The announcement said the transaction will create the largest global, vertically-integrated AI company in agriculture.
Read moreFormer Deere Exec Joins Sukup
John Teeple’s professional experience includes more than 23 years at John Deere in leadership positions.
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Linamar Boasts Strong Q1, Credits MacDon
CEO Linda Hasenfratz forecasts double-digit growth for MacDon this year and continued growth in 2022.
Read moreBlount Rebrands as Oregon Tool
The company unveiled a new corporate name that it says positions it for growth and honors its heritage.
Read moreNet Sales in Ag Rise 17.5 Percent at Alamo
In spite of what CEO Ron Robinson characterized as “interesting times” resulting from pandemic business disruptions, he said the company is “rebounding nicely.”
Read moreBuhler Reports Quarterly, Six-Month Earnings
The company continues to project sales growth this year. Sales backlog remains high as Buhler works through supply chain challenges.
Read moreLawmakers Seek to Protect Family Businesses from Tax
“I think we were pleasantly surprised to see the language exempting farms and family-owned businesses, and that’s a good thing,” KCoe’s Brian Kuehl said.
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U.S. Forecasts Highest Prices for Crops in Years
The USDA estimates the corn crop will sell for a season-average $5.70 a bushel, soybeans for $13.85, and wheat for $6.50. Those would be the highest farm gate prices since 2013 for corn and soybeans and the highest since 2014 for wheat.
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What’s Behind the Labor Crunch?
Is it enhanced unemployment benefits, border issues, wages? One agricultural economist asks if it is even correct to call it a labor “shortage.”
Read moreCNH Rides Industry Wave of Strong Ag Sales
For the March-ending quarter, net sales in agricultural equipment climbed 35.4 percent.
Read moreWelcome, and Happy Anniversary
These members have recently joined the Association or are celebrating milestone membership anniversaries.
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