Tractor Revenue Down 11% in March
In the U.S., tractor dealers reported March revenue down 7%. Canadian dealers, meanwhile, reported a 45% year-over-year decrease in March revenue.
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AGCO Reports $1.4 Billion in 2023 Tractor Revenue
AGCO reported $1.4 billion in tractor sales last year, up 17.7% year-over-year.
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US Manufacturer Shortage Threatens Global Competitiveness
Between 2024 and 2033, an estimated 3.8 million additional workers will be required due to retirements, career shifts, and industry expansion. However, up to half of these positions, around 1.9 million jobs, may remain unfilled without addressing skills and applicant gaps, potentially hindering future growth and global competitiveness.
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Scenes from the 66th Annual Supply Summit & Showcase
Check out the scenes from the 2024 Supply Summit & Showcase in Little Rock where over 250 professionals from the shortline industry gathered for education, networking and fun!
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Baltimore Port Closure Impacts High Horsepower Tractor Imports
The Port of Baltimore is a key hub for ag equipment imports and exports in the U.S., and its closure could have a notable impact on importing high horsepower tractors specifically.
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USDA Unveils $1.5 Billion in Climate Smart Grants
The USDA is providing $1.5 billion in fiscal year 2024 for the Regional Conservation Partnership Program (RCPP) to support conservation and climate solutions.
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FEMA App Now Available!
You asked and we listened! Responding to numerous member requests, the Farm Equipment Manufacturers Association is set to launch an innovative new app.
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Thank You Supply Summit Sponsors!
The Association extends its sincere appreciation to the following esteemed member companies for their generous sponsorship of the Supply Summit & Showcase in Little Rock.
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Supply Summit Announces Booth Contest Winners
Let’s give a big round of applause to our creative winners of the booth contest at the Supply Summit and Showcase in Little Rock, AR!
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Association’s Supplier Section Elects New Leadership
The Supplier Board of Governors of the Farm Equipment Manufacturers Association elected new leadership during our Supply Summit in Little Rock.
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Summit Shenanigans
There’s nothing quite like a little friendly competition to spice things up, right? Find out how Tim Burenga from Worksaver, Inc. made things interesting by striking a deal with Mike over at Lessiter Media.
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Over Half of Dealers Plan to Stick with Inventory Reductions in 2024
A Farm Equipment Insiders poll revealed that over half of dealers (55.9%) plan to continue with their current inventory reductions.
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New Member Spotlight: Waupaca Foundry
The Association welcomes new member company, Waupaca Foundry, who employs 4,000 and supplies iron castings the world uses and trusts.
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U.S. Sales of 100+ Horsepower Tractors Up Second Month in a Row
U.S. Sales of 100+ Horsepower Tractors Up Second Month in a Row
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AGCO and Trimble Close Joint Venture
AGCO Corporation recently announced the closing of their joint venture with AGCO known as PTx Trimble.
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Deere Adds Senior Leadership
Deere reported that Kellye Walker, will join its leadership team as senior vice president, chief legal officer and worldwide public affairs.
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Supplier Board Elects New Leadership
Please join us in congratulating the Supplier Board of Governors of the Farm Equipment Manufacturers Association who recently elected new leadership at the annual Supplier Summit and Showcase in Little Rock, AR.
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Farmer Optimism Rises Amid Shifting Interest Rate Forecasts
Farmer sentiment improved modestly in March with the rise primarily attributable to producers expecting financial conditions on their farms to improve in the year ahead. The improvement in farmers’ financial outlook was buttressed by an improved interest outlook with nearly half of this month’s respondents saying they expect interest rates to decline over the next 12 months.
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Art’s Way Releases Fiscal 2024 Q1 Results
Art’s Way Manufacturing, a diversified manufacturer and distributor of equipment serving agricultural and research, announced its financial results for the first quarter of fiscal 2024.
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Oxbo Acquires Westside Equipment Co.
Oxbo, a leader in specialty harvesting and controlled application equipment, announced the adoption of the Oxbo brand across the Westside Equipment portfolio of products and locations.
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2024 Shortline Legends Hall of Fame — Nominations Deadline April 30
We have begun planning for the Shortline Legends Class of 2024, and want to know who you think should be recognized for their achievements and success in the shortline/independent equipment innovations.
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KMW Ltd. Opens New Facilities in Sterling, KS
KMW Ltd, a leading manufacturer of loaders, backhoes, and attachments, is pleased to announce that they are growing. Plans for building new facilities situated in Sterling, Kansas, are underway.
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Deere Lays Off 308 Employees at Waterloo Works
John Deere will be laying off more than 300 employees in Waterloo, IA in late April.
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Discover Moss Mountain Farm During Spouse/Guest Event
Supply Summit & Showcase Guest Event Update: Don’t miss your opportunity to take a guided tour through the captivating Moss Mountain Farm, a three-story Greek Revival-style home owned by the renowned P. Allen Smith.
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Making the Most of the Supply Summit & Showcase
If you are joining us for the 2024 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!
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Introducing Our 2024 Supply Summit Speaker Lineup
Our lineup of speakers, comprising top minds in the field, will offer practical insights and strategies to help you succeed in the marketplace.
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See Who’s in the Supplier Showcase
Manufacturers, here’s who you’ll see in the Supplier Showcase in Little Rock.
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Casino Night – Back by Popular Demand
Join us for a night of excitement and entertainment at the Associate Supplier Section’s welcome party on Wednesday, April 3, from 6:30 – 9:30 p.m.
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Remlinger Manufacturing– 60 Years Strong
Congratulations to member Remlinger Manufacturing Co. who is celebrating 60 years in business this year.
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100+ Horsepower Tractors Sees Marginal Increase in U.S.
Unit sales of 100+ horsepower ag tractors increased slightly in February 2024 in the U.S., according to new data AEM.
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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 Little Rock.
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Don’t Miss The River Market District Night Life in Little Rock
More than 100 members will join the fun on Thursday evening during the Summit to enjoy the vibrant night life at the River Market District.
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Happy National Ag Day!
National Ag Day is March 19, 2024. Please join us in celebrating the dedication of America’s farmers and farm families.
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LS Tractor Appoints New Vice President of Sales
LS Tractor USA announced the employment of John Grooms as its new Vice President of Sales.
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A Brief History of Programmable Logic Controllers (PLCs)
This article continues a series where we’ll explore different aspects of technology and how they might shape the future of ag machinery.
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LS Tractor Opens New Texas Facility
LS Tractor USA is opening a new distribution facility in Palestine, TX that will be a hub for product testing and product trainings.
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Alamo Group Announces CFO Retirement
Alamo Group Inc. announced that Richard J. Wehrle, executive vice president, chief financial officer and treasurer, will retire from the company on May 3, 2024.
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Deere Lays Off 150 Production Workers at Iowa Plant
About 150 workers at John Deere’s campus in Ankeny, IA are getting laid off indefinitely in April and May.
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2024 Summit Fun: Walk, Run, Golf, Shoot, Network!
The Supply Summit & Showcase is a conference focused on education and professional development, understanding that meaningful learning often happens during casual conversations.
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Explore What’s New at the 2024 Supply Summit & Showcase!
For those gearing up to attend the 2024 Supply Summit & Showcase, you’ll notice some fresh additions aimed at keeping things interesting. We value your feedback, and this year’s event reflects just that.
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Recruiting & Retention Learning Luncheon
In this session, you’ll learn what organizations must do to attract, retain, and engage a willing and enthusiastic workforce in 2024 and beyond.
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Deere & Company Wins Disability Discrimination Case
In a landmark decision, a federal court dismissed claims against Deere & Company under the Iowa Civil Rights Act, underscoring the importance of tangible evidence in discrimination and retaliation lawsuits.
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Three Things You Might Not Know About Daylight Saving Time
Daylight Saving Time begins again Sunday, March 10, 2024. It ends on Sunday, November 3. Set your clocks!
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Worst Corn Growing Conditions by State
Here’s a look at drought conditions across the top 18 corn growing states as of the end of February 2024.
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Call on Congress For New Farm Bill
Even though Congress passed an extension of the 2018 farm bill, getting a new farm bill done is still a priority.
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Rhino Ag Celebrates 90 Years
Congratulations to member company, Rhino Ag who is celebrating 90 years.
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Market Anticipates June Rate Cut Amidst Slowing U.S. Inflation
Investors breathed a sigh of relief as the long-anticipated US inflation report aligned with expectations, easing concerns about rising prices and fostering optimism for a potential rate cut by the Federal Reserve in June.
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“Kickin’ Cancer in the Grass”
Member company, Bush Hog, showed off their Pink Rotary Cutter at the National Farm Machinery Show in Louisville, KY.
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New Member Spotlight: Veteran Equipment & Trade Co., LLC
Veteran Equipment & Trade Co., LLC (VETCO) is a 100% Service-Disabled Veteran Owned Small Business (SDVOSB) specializing in manufacturing high-quality attachments for Agriculture and Construction industries.
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Farmer Sentiment Sees Modest Improvement
The February Ag Economy Barometer reading reached 111, marking a 5-point rise from last month. The small uptick is attributed to producers expressing increased optimism about the future.
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