AGCO’s Sales Dip in Final Quarter
Net sales at AGCO dipped by about 3 percent in the fourth quarter of 2019. Net sales for the full year of 2019 decreased by 3.3 percent.
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Deere Downsizes at Construction, Forestry Plant
John Deere Dubuque Works announced Friday that it will lay off 105 employees.
Read moreNebraska Deere dealerships merge to create AKRS Equipment
Three Nebraska-based John Deere dealerships have announced plans to merge. Green Line Equipment, Stutheit Implement and Plains Equipment Group are
Read moreArt’s Way Reports Strong Finish to 2019
Art’s Way Manufacturing Co., Inc. reported encouraging news in its financial results for fiscal year 2019 and its final quarter.
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Art’s Way Sees 16 Percent Revenue Growth in 2019
Art’s Way Manufacturing Co., Inc. has announced its financial results for the fourth quarter and fiscal 2019. Sales: Our consolidated
Read moreArt’s Way Announces New CFO
Member company Art’s Way Manufacturing has named Michael Woods as its new chief financial officer.Woods has eight years of experience in
Read moreUnverferth Acquires Force Unlimited
Unverferth Manufacturing has purchased Force Unlimited, manufacturer of Pro-Force fertilizer spreaders. Pro-Force has both pull-type and truck-mounted appication products. The
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Court Issues ‘Welcome Decision’ for Corn Growers
An appeals court ruling that the EPA did not properly grant exemptions to three small oil refineries is good news for corn growers and biofuels advocates.
Read moreAGI Buys Outstanding Shares in Affinity
AGI plans to level up on its Suretrack farm management software platform with a deal for another Canadian player in the same business.
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GKN Appoints New CFO
GKN Wheels and Structures has appointed Abdul Butt as its chief executive officer. He assumed responsibilities immediately.
Read moreLoftness is Now Employee-Owned
Member company Loftness Specialized Equipment has embarked upon an employee stock ownership plan. Since owner Marv Nelson’s death, ownership has been split among family members.
Read moreAlamo Group Names Tom Taylor as VP of New Group
SEGUIN, Texas — Alamo Group Inc. announces that Tom Taylor has been appointed vice president-specialty markets in the company’s Agricultural Division. The
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USMCA – Passes Senate with bipartisan vote of 89–10
We agree with USDA Secretary Perdue’s statement on following U.S. Senate Passage of USMCA on a bipartisan vote of 89 –
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IRS 2020 Standard Milage Rate
IR-2019-215, December 31, 2019 WASHINGTON — The Internal Revenue Service has issued the 2020 optional standard mileage rates (PDF) used to calculate
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Mini Trade Deal with Japan Good for U.S. Meat
Japan will lower or eliminate tariffs on $7.2 billion worth of U.S. farm exports starting Jan. 1. The president of the U.S. Meat Export Federation called it “one of the biggest developments in the history of red meat trade.”
Read moreDinamica Generale Acquires Zeltex
Dinamica Generale U.S. has acquired Zeltex, Inc.
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Kubota Reports Rise in Revenue
Kubota’s revenues increased by 7.1 percent for the first 9 months of 2019 compared to the same period last year. The greatest gains came from domestic sales for the Japan-based company.
Read moreRaven Releases Q3 Earnings
Net sales for Raven Industries were down by 4.1 percent. Operating income decreased by 16.7 percent, primarily driven by increased spending on research and development and selling activities.
Read moreS3 Wireform Welcomes New Outside Sales Representative
S3 Wireform Inc. announces Megz Reynolds as their new Outside Sales Representative in Swift Current, Saskatchewan.
Read moreNick Jensen Joins Lessiter Media as Director of Business Development, Partnerships & Innovation
Lessiter Media (LM) announced that Nick Jensen has joined the company as Director of Business Development, Partnerships & Innovation.
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Vermeer Announces Acquisition of Schuler Manufacturing
Vermeer Corporation today announced it has purchased Schuler Manufacturing, a family-owned and operated manufacturer of high-quality feeding solutions based in Griswold, Iowa.
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Pork Producers Put Dollars to Potential in China
U.S. pork producers see a potential $24.5 billion annual market in China within 10 years if the Trump administration can gain unrestricted trade access after the Asian country’s hog herd has been devastated by disease.
Read moreNet Sales Rise, Forecast Falls for Deere
Deere’s net sales in agriculture and turf increased for the fourth quarter and the year while operating profit fell. The company attributed the dip in operating profit to, among other things, higher production costs and an increase in research-and-development spending.
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Leadership Change at Sukup Manufacturing
Charles Sukup will step down as CEO. His brother, Steve Sukup, the company’s CFO, will take the helm of the family business.
Read moreAGI Reports Rise in Trade Sales
Ag Growth International reported a 7 percent increase in total trade sales for the third quarter of 2019.
Read moreMember News: Vermeer’s Mary Andringa Honored for Leadership, Innovation
Mary Andringa of Vermeer Corp. has been named as the newest inductee into the Association of Equipment Manufacturers (AEM) Hall of Fame.
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Uncertainty Lingers Over Pact with China
President Donald Trump said that the U.S. hasn’t agreed to roll back all tariffs on China, muddying hopes raised by China and even some of the president’s own aides that the U.S. was ready to lift some tariffs to secure a trade deal.
Read moreAlamo Group Releases Q3 Earnings
Alamo Group President and CEO Ron Robinson characterized the quarterly results as a “mixed bag.” In spite of record-setting net sales, net income fell for the quarter.
Read moreRaven Acquires Two Autonomous Ag Technologies
Raven Industries has acquired a majority interest in Dot Technologies and Smart Ag. The moves are part of Raven’s five-year plan to invest more heavily in autonomous ag.
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Farmers Show Greater Willingness to Make Big Purchases
Producers who responded to the Purdue University survey in October thought more favorably about making big investments. The index rose to within eight points of its peak.
Read moreDealer Release News of Earnings, Expansion
Earnings reports show farmers continue to be conservative in choosing to invest in equipment.
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PEER Chain Appoints National Sales Manager
Kevin Shrout has been named national sales manager of PEER Chain. He brings 29 years of distribution experience to the role.
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Fine Print on Ethanol Proposal Disappoints
Details released last week as part of the Trump administration’s proposal to boost ethanol are getting low marks from corn farmers and ethanol advocates.
Read moreFarm Equipment Index Moves Toward Growth
The October farm equipment-sales index improved to 39.7 from September’s 35.9. This reading is the highest it has been since June, although at the below-50 mark, it does not yet represent growth in the market.
Read moreDealer News
Check out this merger in Missouri and Illinois and an acquisition in Arkansas.
Read moreDot Technology Establishes Subsidiary
Dot Technology Corp. has established a subsidiary to focus on computer vision, machine learning optimization, and intelligent navigation.
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Farmers Feel Better About Tomorrow, Worry More About Today
Although the Ag Economy Barometer dipped only slightly, there was a relatively large sentiment shift among ag producers as they were noticeably more pessimistic about current conditions but somewhat more optimistic about future economic conditions.
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Beef Prices Rise in Response to Demand in Asia
Cattle prices in the U.S. have risen since September as a protein shortage in Asia drives bets that livestock will be in increasingly high demand.
Read moreArt’s Way Announces Q3 Financial Results
ARMSTRONG, Iowa, Oct. 9, 2019 /PRNewswire/ — Art’s Way Manufacturing Co., Inc. (ARTW), a diversified manufacturer and distributor of equipment serving agricultural,
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EPA, USDA Announce Agreement on Promoting Biofuels
“The Farm Equipment Manufacturers Association is pleased to see integrity returned to the Renewable Fuel Standard. No other sector in
Read moreFederal Crop Insurance to Increase Payments
Farmers who could not plant a crop this year because of flooding will receive extra assistance from the federal crop insurance program. An economist from the U of I said the payment “is more generous than I expected.”
Read moreWhite House Seeks Solution for Corn Growers, Ethanol
The White House is putting together a deal to mitigate damage done to corn growers and the ethanol industry as a result of waivers being granted to small oil refineries. Ethanol advocates are asking for the administration to remain committed to the 15-million gallons a year called for in the Renewal Fuel Standard.
Read moreDeere Turns to U.S. After Growth Overseas Stalls
John May, Deere’s incoming chief executive, will narrow the company’s focus to enhancing technology and growing the U.S. market. This is a pivot from CEO Sam Allen’s emphasis on selling more equipment in developing markets overseas.
Read moreAfrican Swine Fever Advances in Asia
South Korea has now been hit with African swine fever. A veterinarian with the National Pork Board said the global outlook continues to worsen.
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Millions More Qualify for Overtime Pay
The Trump administration has boosted the number of workers eligible for overtime, extending pay requirements for about 1.3 million people.
Read moreAgrisolutions Moves to Bigger Space
Agrisolutions has opened a new 110,000-square-foot facility in Rock Island, Ill. It is quadruple the size of its previous space.
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Solberg Joins Dot Technology
Dot Technology, which is in its commercialization phase, has added Craig Solberg as its director of sales and retail development.
Read moreSC farmer first to be arrested for growing hemp.
Law enforcement mowed down 10 acres of hemp and arrested John Pendarvis — the first farmer in the state to be charged with growing the crop on unlicensed land.
Read moreAlamo to Acquire Morbark
Alamo Group Inc. has agreed to acquire 100 percent of the outstanding capital shares of Morbark, LLC. CEO Ron Robinson said the acquisition will “expand and complement our range of vegetation maintenance equipment in an adjacent market.”
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EPA, Army finalize repeal of controversial ‘Waters of the U.S.’ rules
This action officially ends an egregious power grab and sets the stage for a new rule that will provide much-needed regulatory certainty for farmers, home builders, and property owners nationwide.
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