Senate 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.
Read moreMSEDA Cancels Midwest Ag Expo
Midwest Ag Expo has been rescheduled for January 2022. The joint annual meeting of the associations will be in February 2022.
Read moreDeere Recalls Rotary Tillers Manufactured in India
(RTTNews) – John Deere, the brand name of machinery manufacturer Deere & Co., has recalled Frontier model rotary tillers citing
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New Stimulus Package Expands Benefits, Eligibility
A business is eligible for the second round of PPP if they do not have more than 300 employees and can show a more than 25 percent reduction in gross receipts for any quarter in 2020.
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Farm Equipment Sales Index Highest Since 2003
After 86 months below growth neutral, the farm equipment sales index bounced into growth territory in December in the Rural Mainstreet Index.
Read moreMacDon’s Ross to Retire, Other Changes Announced
Ross joined MacDon in 2006 as vice president of operations and has been “instrumental in the successful development and growth of MacDon through these years,” including most recently leading the company after Linamar acquired it.
Read moreAlamo CEO Robinson Prepares to Retire
The company’s board of directors has been preparing for such a transition and anticipates naming a new president and CEO within the next several months.
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Buhler’s Sales Increase in 2020
The company attributed the increase to dealers reducing field inventory in the previous year, strong harvest conditions, and crop yields.
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Surrender Flexibility for Savings in Health Plans?
The Association is considering offering a member service to help companies defray health insurance costs. Some of you like the idea. Others are not sure. Let us know what you think.
Read moreVermeer Studies Machine Wear with Iowa State
“The basic idea of this tool is to process and analyze, in almost real-time, sensor data collected from operating machines to provide transparency to machine health and achieve near-zero breakdown performance,” a university professor said.
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In Memoriam: Clyde Jones
Jones was president of the Association in 1985. His sons and grandson continue to lead the organization he founded with them in 1988.
Read morePower Pin Leaders Retire, Sell Shares to Employees
Retiring founder and president Brian Olson said he and colleague TJ Batke are “confident our employees will take Power Pin to the next level with honesty and integrity.”
Read moreGeringhoff, Fendt Form Partnership
A new partnership between AGCO/Fendt and Carl Geringhoff Vertriebsgesellschaft mbH & Co., will expand Fendt’s range of combine harvester headers.
Read moreYear Begins with Changes in Distribution Landscape
The new year arrived with news about mergers and acquisitions in the farm equipment marketplace.
Read moreSouthern Farm Show Cancels
“The idea of a show where everyone is behind a mask, show guests would be required to travel one way through the show to encourage social distancing, and good friends would not be allowed to shake hands, did not appeal to anyone,” the show manager said. “But mainly, our concern was for everyone’s health.”
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Pandemic Likely to Speed Up Rural Internet Investment
“That glaring gap of where you were able to access the technology really hit home,” said a rural internet advocate. “When I talk to members of Congress, they would say it is the first thing that comes up in a townhall.”
Read moreKinze Expands Equipment Distribution Network
Kinze Manufacturing now distributes its planters, tillage equipment and grain carts to dealers in 18 states through an agreement with General Implement Distributors.
Read moreBuhler Industries Report FY-2020 Results
Buhler Industries Reports 2020 Year End Earnings – Winnipeg, Manitoba — December 31, 2020 Revenue for the year was $249.6,
Read moreKen Ross, Group President of MacDon, to retire
Ken Ross, Group President of MacDon, has decided to retire effective March 31, 2021.Ken joined MacDon 14 years ago as
Read moreAlamo Group Announces CEO Retirement Plan
Alamo Group Inc. has announced that Ron Robinson, the Company’s President and CEO, has informed the Board of Directors of his
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Farm Equipment Sales Index Highest Since June 2013
After 86 straight months of readings below growth neutral, farm equipment bounced into growth territory for the month.
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