Titan Machinery Announces Results for Q4
Agriculture Segment – Revenue for the fourth quarter of fiscal 2023 was $440.9 million, compared to $346.3 million in the fourth quarter last year.
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Rural Mainstreet Economy Goes Negative for March
But Only 13.6% of Bankers Tightened Farm Credit Standards – Farm Equipment Sales Remain Solid at 59.7 March 2023 Survey
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Hutson Acquires Sell’s Equipment
Hutson Inc., is pleased to announce the acquisition of Sell’s Equipment located in Woodhaven, MI.
Read moreTractor/Combine Sales
Tractor unit sales in both the U.S. and Canada stay near their five-year average while combine harvesters in both countries continue triple-digit growth.
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Steel Production
Steel production as of March 6, 2023.
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Farmer Sentiment Weakens in February
The Purdue University/CME Group Ag Economy Barometer dipped 5 points to a reading of 125 in February. Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future also weakened.
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AGI Announces Q4 Results
Ag Growth International Inc. today announced its financial results for the three-months and year-ended December 31, 2022.
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McFarlane Mfg. Acquires CMT Ag LLC
McFarlane Mfg. Co. Inc. expands its precision technology offering by acquiring CMT AG LLC, a precision equipment dealer.
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Making the Most of the Supply Summit & Showcase
If you are joining us for the 2023 Supply Summit, here are a few last-minute tips to help you prepare. If you have not yet registered, there’s still time to register and network with fellow manufacturers, suppliers and marketing members! Go to FarmEquip.org/SummitSignUp.
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ProPulse Celebrates 25 Years
ProPulse is celebrating its 25 anniversary in March. Over the last 25 years the hose manufacturer transitioned from a small hose distributor to a mid-sized hose manufacturer who supplies major original equipment manufacturers across the country.
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A Special Thanks to the Supply Summit Sponsors
The Association sends a special thanks to these member companies for sponsoring portions of the upcoming Supply Summit & Showcase in Sandestin, FL.
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See Who’s In the Supplier Showcase
The Supplier Showcase is an outstanding opportunity to form new partnerships and strengthen existing ones.
Read moreMember Company Hiring
A member has an immediate opening for a referenced part-time North American Sales and Marketing Manager.
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Sentry Safety April Webinar
Don’t miss Sentry’s upcoming free 60-minute safety webinars that highlight specific safety topics.
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Steel Production
Steel production as of February 27, 2023.
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Farm Equip Manufacturers Hope to Lure Silicon Valley Tech Workers
Big agricultural and construction equipment manufacturers in the American Midwest are on a mission to lure Silicon Valley tech workers
Read moreHappy Anniversary and Welcome!
Happy Anniversary to our members celebrating milestone anniversaries. We would also like to extend a warm welcome to our newest members.
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Art’s Way Reports $28.4 Million in Sales
Art’s Way’s reported Feb. 15 its consolidated net sales for 2022 totaled $28,400,000, which represents a 13.8% increase from consolidated net sales of $24,965,000 for the 2021 fiscal year.
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Iowa Announces $2 Million in Manufacturing Grants
Gov. Kim Reynolds and the Iowa Economic Development Authority (IEDA) announced that Iowa will be investing an additional $2 million in the Manufacturing 4.0 Technology Investment Program to enhance productivity, efficiency and competitiveness in Iowa’s largest industry.
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Farm Equip Mfrs. Hope to Lure Silicon Valley Tech Workers
Big agricultural and construction equipment manufacturers in the American Midwest are on a mission to lure Silicon Valley tech workers who have been caught up in a wave of hiring freezes and layoffs.
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ASABE Updates Standards for Wood Assemblies
The American Society of Agricultural and Biological Engineers (ASABE) has revised its standard for the design of mechanically laminated wood assemblies.
Read moreTitan Reports Strong Q4 and 2022 Earnings
Titan International, Inc., global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, has reported results for the fourth quarter and year ended December 31, 2022.
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Valmont Reports Q4 and Fiscal Year Earnings
Valmont Industries, Inc. has reported financial results for the fourth quarter and fiscal year ended December 31, 2022.
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Sukup Mfg. Opens New Facility in Iowa
Sukup Manufacturing Co. has announced the opening of a new manufacturing facility in Clear Lake, Iowa.
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Alamo Reports Record 2022 Year End & Q4 Results
Alamo Group Inc. reported results for the fourth quarter and year ended December 31, 2022.
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ARA Endorses Food & Ag Climate Farm Bill Policies
The Agricultural Retailers Association (ARA) is proud to endorse the 2023 farm bill policy priorities announced today by the Food and Agricultural Climate Alliance (FACA).
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Mainstreet Index Slows While Ethanol Boosts Farmland Values
For a third straight month, the Creighton University Rural Mainstreet Index (RMI) climbed above the growth neutral threshold, 50.0, according to the latest monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy.
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Top Ten Reasons to Attend the Supply Summit & Showcase
Trying to decide if the 2023 Supply Summit & Showcase is worth the time and money? The Association, and your colleagues in the industry, make the case for why it’s a good idea. Ten cases, in fact.
Read moreDealer News: Brandt Group Acquires AgGrowQuip NZ Ltd.
The Brandt Group of Companies is pleased to announce that they have successfully acquired the assets of AGrowQuip NZ Ltd.
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Sentry Safety March Webinars
Don’t miss Sentry’s upcoming free 60-minute safety webinars that highlight specific safety topic
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Professional Head Shots Available at the Summit
Stop by the Spindustry booth at the Showcase on Wednesday, March 22 for a professional head shot from a photographer at no additional charge.
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Just Added: Emerging Owners Workshop
On Monday afternoon March 20, a team of presenters from Pinion will offer a unique and valuable workshop for Emerging Business Owners during our Supply Summit & Showcase in Sandestin.
Read moreDeere Employee Fired Over Battery Safety Risks
A former John Deere employee is suing the company, saying he was fired for raising safety concerns over electric batteries.
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Biden Admin Sides With Farms on Repairs
The Biden administration has sided with farmers in an ongoing right-to-repair antitrust lawsuit filed against John Deere, asking the U.S. District Court for the District of Northern Illinois to rule against a company motion that could lead to dismissal in the case.
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Commercial Insurance Rates Rise as Workers Comp Stays the Same
Commercial insurance rates rose for most lines last month, but Workers Comp was the only major line that saw a decrease.
Read moreHelp the Association Deck the Walls
If any of our members would like to share memorabilia or photos of their equipment, facilities or team members we would love to hang them on the walls in our office.
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Welcome New Members!
Please join us in welcoming our newest member companies.
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Reserve Your Showcase Booth Today
Don’t miss your chance to meet key suppliers and pick up new ideas. Booths are filling up – reserve yours today!
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Don’t Miss Baytowne Wharf Night Life
More than 100 members will join the fun during the final evening of the Summit to enjoy the vibrant night life at the Village of Baytowne Wharf. If you are among the few who haven’t yet signed up, there’s still time.
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USDA Projects Net Cash Farm Income Will Decline in 2023
Even with the rise in fertilizer and fuel prices, net farm income hit a record in 2022. Now, USDA ERS says 2023 could be a different story, forecasting net farm income to fall nearly 16% this year.
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Kubota’s Revenue Hits $8.2 Billion
For the year ended Dec. 31, 2022, revenue of Kubota Corp. and its subsidiaries increased by $3.6 billion (+21.9%) from the prior year to $19.97 billion.
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Deere Reports Q1 Earnings
Deere & Company reported net income of $1.959 billion for the first quarter ended January 29, 2023, or $6.55 per share.
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Yanmar CE and ASV Finalize Merger
Yanmar Compact Equipment North America (YCENA), encompassing the Yanmar Compact Equipment and ASV brands, has finalized its status as a single legal entity.
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Tractor/Combine Sales
U.S. ag tractor sales finish January 2023 in the negative, while all segments of ag equipment grew in Canada according to the latest data from the Association of Equipment Manufacturers (AEM).
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NFU Supports Right-to-Repair Provisions in Clean Air Act
The National Farmers Union (NFU) announced support for a petition to require the Environmental Protection Agency (EPA) to enforce provisions in the Clean Air Act (CAA) that allow farmers and ranchers to repair their own equipment.
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Great Plains and Bayer Enter Partnership
Great Plains Mfg. is teaming up with ForGround by Bayer to support the adoption of regenerative ag practices.
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Väderstad Acquires Thyregod Cultivator Line
Seeding and tillage equipment company Väderstad has announced it’s acquiring Danish company Thyregod’s inter-row tillage business.
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Steel Production
Steel Production as of February 6, 2023
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Farmer Sentiment Continues to Rise into 2023
Following a sharp increase to close out 2022, the Purdue University/CME Group Ag Economy Barometer had only a modest increase in January, up 4 points to a reading of 130. The rise in sentiment was primarily attributable to better expectations for the future as the Future Expectations Index improved by 5 points to 127.
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AGCO Reports Q4 Earnings
AGCO reported net sales of $3.9 billion for the fourth quarter of 2022, an increase of 23.6% compared to the fourth quarter of 2021.
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