Ken 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
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Alamo 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.
Read moreNFMS Delays Show, One Member Returns as a ‘Test’
The National Farm Machinery Show has been delayed by seven weeks. Kasco Manufacturing will be there, but VP Paula Kaster considers it a test.
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Steel’s Big Players Move on Acquisitions
United States Steel Corp. will buy the remaining 50.1 percent stake in Big River Steel LLC, giving it ownership of one of the newest, most advanced steel mills in the country. Cleveland-Cliffs Inc. has completed its purchase of ArcelorMittal USA.
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Federal Funds to Farmers: Lopsided Portion of Income
With the boost in government aid, which is on top of the 64 percent increase in 2019, farmers are projected to see a 43 percent increase in net farm income in 2020.
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Here’s What Most Threatens Members’ Profitability
We hope to collect more data to drive our decisions about the best services to offer members. In the meantime, take a look at partial responses to the question about what most threatens profitability at member company plants.
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AGCO Fails in Challenge of Two Patents in Deere Suit
The Patent Trial and Appeal Board characterized AGCO’s arguments as “simplistic and unpersuasive.”
Read moreS3 Enterprises Wins Awards, Launches Legacy Project
S3 took awards in both the product launch and customer brochure categories, which included entries from companies such as Cargill and Bayer Crop Science.
Read moreTitan Sells Facility in Texas
Titan ended production of tires at the site in 2003 and most recently leased the space to multiple tenants.
Read moreVilsack Expected to Return as USDA Chief
If confirmed, Vilsack will face challenges related to diminished trade, a decline in rural populations, a mandate to combat climate change, and a burdened food stamps program.
Read moreTractor/Combine Sales
November numbers show gains in every category in the U.S. and all but two categories in Canada.
Read moreRoberts Regrets Gridlock, Salutes ‘Freedom to Farm’
In his farewell, he called on his colleagues to “once again become a body of respect, humility, cooperation, achievement, and, yes, friendship.”
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Ag Media Legend Samuelson to Retire
He won more awards than he can count. Among his most cherished is an honorary doctorate degree from the University of Illinois. That’s because he’d dropped out as an undergraduate at the University of Wisconsin after three months.
Read moreLa Niña: ‘Supply Side Wild Card’ for Ag
The natural weather phenomenon known as the cool sister of the higher-profile El Niño is shaking up agriculture for 2021.
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Avocado Consumption ‘Off the Charts’ During COVID
Anaylsts predict that post-pandemic indulgences will be foods like avocadoes, hence record consumption will continue.
Read moreTitan International, Inc. Announces Sale of Texas Facility
Titan International, Inc. has announced the completion of the sale of its Brownsville, Texas facility. The sale was completed in November to
Read moreDeere Closes Year Optimistic About Ag in 2021
In the U.S. and Canada, the company’s forecast calls for a 5 to 10 percent gain in sales in farm equipment in the new year.
Read moreAGI Sees Record Third Quarter
North American commercial sales were the exception in an otherwise standout quarter. Farm sales increased by 24 percent.
Read moreRaven Opens New Headquarters, Reports Earnings
The company’s new site will house its precision agriculture solutions operations. In related news, Raven saw a 22 percent jump in net sales in applied technology.
Read moreCNH Announces New CEO
CNH Industrial N.V. has appointed Scott W. Wine as chief executive officer beginning Jan. 4.
Read moreStakeholder in AGCO Seeks Governance Changes
The India-based stakeholder wants AGCO to separate the roles of chairman and CEO. The move comes as AGCO prepares for the current CEO and chairman to retire.
Read moreDeere Buys Software Firm
Harvest Profit, which produces software to help farmers analyze their data and better understand the financial outcomes, will retain its brand name.
Read moreFisher Barton Names New CEO
Fisher Barton has named Scott A. Hoffman as its new CEO. Craig Smith, who has been interim CEO, returns to his role as president of Fisher Barton TST.
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BKT Opens Virtual COVID-19 Health Center
The center is equipped with remote patient monitoring, data analytics on diagnostics and medicine management, remote consultations using augmented reality, and more.
Read moreAg Expo: ‘Farmers Haven’t Stopped, Neither Will We’
The virtual show will kick off a year-long approach to providing opportunity for exhibitors and content for farmers.
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Farmers Pull Back Slightly on Plans to Buy Equipment
While farmers remained relatively optimistic about making large capital investments in their operations soon, the survey revealed shifts upward among groups intending to hang onto their equipment a bit longer or reduce purchases.
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Farm Equipment Index Hits Highest Mark Since 2013
The November farm equipment sales index increased to its highest level since December 2013, reflecting improvements in commodity prices, support from the federal government, and historically low interest rates.
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IRS Makes Consequential Change to PPP Rules
The IRS is disallowing tax deductions on PPP expenses if a company “reasonably believes” that a loan may be forgiven.
Read moreDealer News: Earnings, Acquisitions
Titan saw an overall gain in its ag sales division in the third quarter. A group of dealer associations canceled their joint annual meeting. Acquisitions continue.
Read moreRegulatory Onslaught Hits California Soon
Association members should stay abreast of new legal obligations in California. Attorneys who focus on HR law offer their thoughts here.
Read moreDealerNews: Titan Machinery Inc. Announces Results for Q3
Agriculture Segment – Revenue for the third quarter of fiscal 2021 was $220.6 million, compared to $214.1 million in the third
Read more2021 World Ag Expo® Goes Online
Tulare, CA – For the first time in show history, the 2021 World Ag Expo® will be an online event February
Read moreCNH announces appointment of new CEO
Source: CNH Industrial N.V. – London, November 17, 2020 CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces the appointment of
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Association Elects Directors, Officers
Matt Westendorf will lead the Association as its president in 2021. The officers and directors elected come from companies that represent a collective 334 years of membership in the Association.
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‘Help Me Help You’ Remember That Line?
We are creating new ways to be of value to the shortline industry and our members, and we are asking you to help define our direction. Please take five minutes to complete a membership survey.
Read moreAlamo Group Reports Record Net Sales
Alamo Group’s net sales for the quarter that ended Sept. 30 increased by 7.3 percent compared to the same quarter last year. Net sales in the agriculture division increased by 2 percent.
Read morePresident of Woods Equipment to Retire
Jerry Johnson will retire Dec. 31. Succeeding him will be Todd Hall.
Read moreFast Ag Solutions Returns to Family in Sale
An investment group has bought Fast Ag Solutions, its product lines, and its facilities. The company will be led by Cody Fast.
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How Did Candidates Influential to Ag Fare?
Fifteen-term incumbent Rep. Collin Peterson (D-Minn.) did not prevail in his race last week, which means the House Ag Committee will no longer be represented by someone hailing from one of the more agriculturally-focused districts in the country.
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In Other Election News for Ag …
Agriculture committees in both the the U.S. Senate and House are headed for change based on last week’s election results.
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Farmers’ Willingness to Invest in Capital Hits Record
Fewer farmers report a reluctance to spend on equipment and more report a likelihood that they will.
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Ag Economist Flinchbaugh Dies
A farmer once said to Flinchbaugh: “I do not agree with a damn thing you said, but the next time you are in town making a speech, I will be here.”
Read moreNet Sales See Big Bump in AGCO’s Q3
AGCO saw increased sales in high horsepower tractors, hay equipment, and precision planting products.
Read moreSales Rise by 9 Percent at Rocky Mountain
Total equipment inventory fell by 29.5 percent in the first nine months of 2020.
Read moreDealer News: Papé Buys Washington Tractor
Papé Machinery’s Agriculture and Turf division will now have 35 locations on the West Coast.
Read moreRocky Mountain Strikes Deal to Go Private
A numbered company controlled by chairman Matthew Campbell and CEO Garrett Ganden has agreed to buy shares they do not currently own.
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COVID Claims Commodity Classic
A virtual event is being planned for the first week in March.
Read moreHardi, Equipment Technologies to Consolidate
Hardi North America and Equipment Technologies (ET) have agreed that, in coming months, Hardi’s manufacturing operations will be consolidated with ET’s Apache AS and HS brands.
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