Deere to Close Remanufacturing Plant
John Deere is consolidating its remanufacturing facilities and will shut down a Canadian plant later this year.
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Kubota Aims to Cut Emissions by 30 Percent
Kubota plans to offer electric versions of mini excavators and compact tractors. The electric equipment will be manufactured in Japan or Germany starting in 2023.
Read moreSonntag Retires from S3, Sells His Interests
Sonntag was elected to the Association’s Board of Directors in 2011 and served until 2014. He also was active in other trade associations.
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Farmers Commitment to Big Purchases Remains Strong
The subcategory that measures farmers’ willingness to make big purchases drifted slightly downward but remains impressively high.
Read moreAg ‘Led the Way’ for Alamo Group in Q4
For the quarter, net sales in agriculture increased by 10.5 percent. CEO Ron Robinson reports a strong backlog in ag orders.
Read moreRaven Ind. Announces New CFO
SIOUX FALLS, S.D.–(BUSINESS WIRE)–Feb 24, 2021– Raven Industries, Inc. (the Company; NASDAQ:RAVN), a diversified technology leader in agriculture, high-performance specialty films,
Read moreAgrisolutions Acquires Lund Industrial Group
Operations will continue at Lund’s plant in Mississippi under the Agrisolutions name.
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Summit: Now More Than Ever, We Are Better Together
“The elevated industry voice the Association offers is not, in my opinion, the most valuable benefit of membership. What I most appreciate are the opportunities to talk to you.”–Matt Westendorf
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KC Eases Restrictions on Bars, Restaurants
The mayor of Kansas City last week lifted a limit on gathering sizes and allowed a return to regular business hours at bars, restaurants and events.
Read moreKinze Lawyers: Deere Can’t Compete on Field so Fights in Court
Attorney: “The only way for Deere to maintain its market share and keep its prices high is to eliminate Kinze from the market entirely, cripple Kinze’s dealer network, or litigate Kinze into submission.”
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Rural Mainstreet: Outlook Soars to Highest in Decade
The February farm equipment-sales index rose to 62.7, its highest reading since February 2013 and up from 54.5 in January.
Read moreTractor/Combine Sales
Tractor sales in Canada increased by 39 percent in January compared to the same month last year. Sales in that same category in the U.S. increased by 24.7 percent.
Read moreValmont Sees Dramatic Increases in Q4, Year
Global sales in the ag irrigation segment increased by 49.8 percent year-over-year. North American sales increased by 14.8 percent.
Read moreBuhler Reports Promising First Quarter
Based on backlog and order activity, the company is optimistic about 2021.
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Vermeer Forms Partnership with BRON
“This agreement positions Vermeer to better help our customers capture more of the underground telecom and energy work that will be required to provide more reliable access to critical infrastructure around the world,” said Dave Wisniewski.
Read moreDeere Posts 23 Percent Gain in Earnings
The company last week reported equipment operation net sales increased by 23 percent for the quarter ending Jan. 31. Net income for the quarter soared by 124 percent.
Read moreEnergy Costs Slow Production at AGCO
The gas bill in February 2019 was $120,000. This month, the company estimates the bill will be between $2 million and $10 million.
Read moreKubota Revenue Dips for the Year
Domestic revenue fell by a greater percentage than overseas revenue for the Japanese company.
Read moreWestcap Invests in Rocky Mountain
“We are grateful for the support of our employees and customers as we move into this new chapter for Rocky Mountain Equipment,” said CEO Garrett Ganden.
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Texas Farmers, Ranchers, Reel from Winter Blast
Early estimates put crop losses at $300 million. Said one expert: “Peach trees that had started budding, those buds are going to be toast at 15 degrees.”
Read moreSenate Confirms Vilsack as New USDA Chief
USDA’s priorities under Vilsack will include establishing a “new era for equity and fairness” as well as helping end the COVID-19 pandemic and addressing climate change.
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Legislative Watch: Issues Affecting Members
The Association continually monitors state legislation relevant to the shortline farm equipment industry. In past months, it has also begun tracking bills dealing with COVID-19 liability. Here is a snapshot of issues we are following.
Read moreAssociation Brings Back Anniversary Listings
The Association had paused its long-standing tradition of publishing the names of companies joining the Association and celebrating membership anniversaries, but we begin again this month.
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Tractor Supply to Acquire Orscheln Farm and Home – 167 Stores in Midwest
February 17, 2021 07:00 AM Eastern Standard Time BRENTWOOD, Tenn.–(BUSINESS WIRE)–Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer
Read moreBuhler Reports Promising First Quarter
Net sales increased by 4 percent in the fourth quarter for member company Buhler Industries. The rise in sales is part of an overall picture of optimism.
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Shipping Carriers Reject Tons of Ag Exports
Shipping carriers rejected U.S. agricultural export containers worth hundreds of millions of dollars during October and November. The Federal Maritime Commission is investigating whether carriers violated the Shipping Act.
Read moreWorthington Buys General Tool
The company said acquiring General Tool “expands our thriving consumer products portfolio.”
Read moreKuhn Sees Jump in Order Intake, Book
The company “the agricultural machinery market proved resilient in the reporting period.”
Read moreArt’s Way Announces FY20 Results
In agriculture, net sales declined by 3.1 percent in 2020, which the company primarily attributes to the loss of low-margin OEM business.
Read moreDeere Pulls Out of Agritechnica
The tractor maker said the “future remains uncertain,” citing mutations of the coronavirus and the slow progress of vaccination.
Read moreSupplier Spotlight: MFC
Supplier Spotlight is a newly introduced newsletter feature. If you would like to see your company’s story here, send it to Kristi@FarmEquip.org.
Read moreNet Sales Rise at AGCO
The biggest gain in sales was in South America. North America saw a 10 percent drop.
Read moreSmall Tractors Perform Well at CNH in Q4
In North America, tractor demand was up 27 percent for tractors under 140 horsepower and 17 percent for tractors over 140 horsepower.
Read moreAGCO Sees Gains in Q4
Net sales for AGCO increased by about 8 percent for the fourth quarter of 2020. Net sales for all of 2020 increased by 1.2 percent.
Read moreArt’s Way Announces FY20 Results
In agriculture, net sales declined by 3.1 percent in 2020, which the company primarily attributes to the loss of low-margin OEM business.
Read moreTractor Supply Reports Record Sales & Earnings
Net sales increased 27.2% to $10.62 billion in fiscal 2020 from $8.35 billion in fiscal 2019. Comparable store sales increased 23.1% versus a 2.7% increase in fiscal 2019
Read moreWorthington Acquires General Tools & Instruments
Worthington Industries, Inc. announced Monday it has acquired General Tools & Instruments Company LLC (General Tools), a provider of over
Read moreNational Farm Machinery Show Cancelled for 2021
National Farm Machinery Show (NFMS) announced scheduled events will be postponed until February 16-19, 2022.
Read moreLeadership Changes at AGCO
AGCO has changed and expanded its senior leadership team with the intent, the company says, to further increase customer focus
Read moreDeere Sues Kinze, Ag Leader
An agricultural engineering field specialist says the Ag Leader-Kinze high-speed planter is not identical to Deere’s but it relies on a similar system to discharge the seeds.
Read moreBill Gates Owns Most Farmland in U.S.
Bill and Melinda Gates own 242,000 acres of farmland in the U.S. in more than a dozen states.
Read moreFather and Son Announce Talent Firm
In a news release announcing the new company, the owners quoted Harvey Firestone: “The secret of my success is a two-word answer: Know people.”
Read moreDexter Acquires Redneck, Redline Products
The partnership expands the groups’ geographical footprint and provides better coverage to customers, according to Dexter.
Read moreMorris Sells to Parent Company Rite Way
A judge has approved the sale of seeding equipment manufacturer Morris Industries to parent company Rite Way Manufacturing. The restructured business will operate as Morris Equipment.
Read moreSummit Speakers Invite You to Join Research Effort
Supply Summit attendees and survey participants will be among the first to review findings of this study focused on the attitudes and beliefs that drive farmers’ buying decisions.
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Suppliers: Submit Videos, Newsletter Profiles
The Association invites suppliers to add videos to your pages in the digital directory and submit company profiles for this newsletter.
Read moreDealer News: Transition at the Top at 4Rivers
Keith Olson has retired as CEO of 4Rivers Equipment after 41 years. He will continue to guide 4Rivers as a partner and a board member. John Shearer, who was COO, succeeds Olson.
Read moreTractor/Combine Sales
With the exceptions of combine sales and sales of 4WD tractors in the U.S., big equipment sales in Canada an the U.S. were strong in December.
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ASABE to Revise Braking Series Standards
Members of this Association who are not members of ASABE can receive at no cost the compilation of industry standards produced by ASABE—a $650 value.
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Shrinking Grain Supplies Send Prices Skyward
Dry weather and an uptick in demand from China has influenced the supply-and-demand scenario on grains.
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