In Memoriam: Robert “Bob” Vermeer
Robert “Bob” Lee Vermeer, husband, father, grandfather and business leader passed away at 78 years old on August 17, 2022.
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Deere Reports Q3 Results
Deere & Company reported net income of $1.9 billion for the third quarter ended July 31, 2022, compared with net income of $1.7 billion, or for the same quarter last year.
Read moreHeat Wave Takes a Toll on China
According to the Wall Street Journal, dried-up rivers, scorching heat and power rationing in parts of China are disrupting factories and
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Rural Mainstreet Economic Index Falls Below Growth Neutral Again
After 23 straight months of expanding farm equipment sales, farmer purchases plummeted for the month.
Read moreBuhler Reports Q2 Results
Revenue for the quarter was $57.8M, down $21.4M from the comparable quarter in the prior year.
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Tractor/Combine Sales
Reported Tractor Sales in U.S. for July 2022 AEM – Flash Report
Read moreCDC Streamlines COVID-19 Guidance
CDC streamlines COVID-19 guidance to help the public better protect themselves and understand their risk
Read moreFoxconn to Build Autonomous Electric Tractors
Taiwan’s Foxconn will build driverless electric tractors for Monarch Tractor in its Ohio, facility starting in early 2023.
Read moreTrimble Reports Q2 Results
Revenue of $941.2 million, up 6 percent excluding the effects of divestitures, acquisitions, and foreign currency translation
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Obit – David Fountain, GM Solex Corp.
David Fountain, General Manager, Solex Corp, Dixon, California, passed away on July 31, 2022 after a short struggle with a rare skin cancer.
Read moreWhat Encourages Employees to Stay?
With 4.3 million people quitting their jobs as recently as May 2022, the survey of more than 600 U.S. workers provides insight employers can use when developing strategies for increasing retention.
Read moreLight at End of the Supply Chain Tunnel
Eric Raby, senior vice president of CLAAS of Americas, joined RealAgriculture’s Kelvin Heppner at Ag in Motion to discuss where CLAAS is at when it comes to supply chain issues.
Read moreKCoe Isom Rebrands
KCoe Isom is rebranding as Pinion to encompass a more forward-thinking, proactive and global approach to business.
Read moreManufacturers Reshoring
In the past year, the construction of new U.S. manufacturing facilities jumped 116%
Read moreThe Union Giveth and Then Taketh Away
UAW delegates vote to undo a $100-per-week strike pay increase approved earlier during the same meeting.
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Tax Hikes: Bad, But Bearable
With the Senate having passed a budget plan over the weekend with only Democratic votes as well as a tie
Read moreHelp for U.S. Manufacturers with Exporting
New service helps manufacturers with challenges faced in in exporting products.
Read moreNew Director of Operations at Summers Mfg.
Jeremy Trostad – New Director of Operations. will support the production and engineering departments to help achieve company objectives.
Read moreUncertainty Driving Farmer Sentiment
“It’s not really a reflection of weak economic conditions on the part of producers . . . It just really is reflecting this concern about the future and this uncertainty about the future. That has people on edge and has them worried about where we’re headed.”
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Kubota Reports Six Month Results
Kubota reports revenue up by 14.4% but operating profit dropped by 18% for first six months of 2022.
Read moreDeere Announces Senior VP & Chief People Officer
Deere & Company has announced former BorgWarner and Ford Motor Company executive, Felecia Pryor will join its senior leadership team as Senior Vice President
Read moreClimate Change Proposals Fostering Anti-Farm Sentiment
“Americans are feeding into this lie that climate change is because of agriculture and climate change is not going to get better until farmers and ranchers do better,”
Read moreEthanol Giant Poet Invests in Logistics
Nation’s Largest Ethanol Producer Poet Acquires Georgia Marine Terminal
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Titan International Report Results
The company experienced sales growth of 31% from the second quarter last year and sales grew sequentially 3% from the first quarter to the second quarter.
Read moreIAM Begins Negotiations With Deere On A New Contract
Deere begins contract negotiations with union at Horicon Works.
Read moreLoss of Farmland
American Farmland Trust research has found that from 2001-2016, 11 million acres of agricultural land were paved over, fragmented, or converted to uses that
Read moreMore Container Vessels Arrive On Time
Container carriers made progress as far as having goods arrive on time in June, according to Sea-Intelligence. June marks the first month this year in which carriers’ schedule reliability is better than in 2021.
Read moreWorkers Struggling Against Inflation to Save and Invest for Retirement
Workers change how they save, spend and invest – In response to rising costs and market volatility, 79% of workers are changing their saving and spending habits, while 44% have altered their 401(k) investments.
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Alamo Group Inc. Reports 2Q Results
Alamo Group achieved the highest quarterly sales and earnings in the Company’s history.
Read moreBigIron Auctions to Acquire Sullivan Auctioneers LLC
Acquisition will combine two of the biggest online auction companies
Read moreKC Fed Reports on Farm Lending
Larger sized loans continued to boost lending activity in the second quarter while farm loan interest rates edged higher
Read moreDealerNews: Quality Equipment Acquires Gay Implement Company of Seaboard, NC
Quality Equipment, a Deere Ag & Turf dealer group, has purchased the assets of Gay Implement Company in Seaboard, NC.
Read moreAGCO Reports Second Quarter Results
AGCO has reported results for the second quarter ended June 30, 2022. Net sales for the second quarter were approximately $2.9 billion, an increase of approximately 2.3% compared to the second quarter of 2021.
Read moreCNH Reports Strong Q2
Record consolidated revenues of $6,082 million – Net income of $552 – Component shortages again impacted production
Read moreReport Estimates Russia Has Stolen Ukrainian Grain, Steel worth Hundreds of Millions
Russia Theft Report The Initiative for the Study of Russian Piracy (ISRP) released a new report exposing the magnitude and
Read moreDo Not Compromise Long-Term Strategy for Short-Term Success
Business owners and managers are telling us they’re just trying to get through these next three, six, or nine months. . . that is understandable. But it also impacts the long-term strategies for manufacturers, which can ultimately deliver a negative setback to their profitability.
Read moreAgriculture Economy – What’s Next?
We are pleased to announce that James Mintert, profesor in the Department of Agricultural Economics and director of the Center for Commercial Agriculture, will be the Wednesday afternoon general session speaker during our Fall Convention in Orlando.
Read moreDo Your Part to Reduce Distracted Driving
Reducing distracted driving isn’t just a matter of requiring adherence to your safety policy. It’s about encouraging safe driving habits and reinforcing your commitment to keeping your employees safe.
Read moreUpdate from the ASABE Houston Meeting
During the recent ASABE meeting in Houston, revisions to ASABE S318 (Safety for Agricultural Field Equipment) were proposed.
Read moreAir Travel Far From Normal
AA is looking at one year to get the airline’s main flight routes back to full capacity and two to three years for the regional routes.
Read moreKubota Acquires Italian Mower Manufacturer
Kubota announced acquisition of the mower business division of an Italian mower manufacturer.
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Fewer and Larger – U.S. Farms
Number of farms continues to fall
Read moreGates Gives Deere Stock to Foundation
Co-founder of Microsoft Corp. transferred more than 3 million shares of Deere stock to the foundation on Thursday from Cascade Investment LLC
Read moreVoters Reject Additional Government Spending
52% of voters surveyed say that more government spending would be bad for the economy, including 32% who say it would be very bad.
Read moreTrudeau’s Plans to Combat Climate Change Rebuked by Farmers, Ag Leaders
“The Trudeau government has apparently moved on from their attack on the oil and gas industry and set their sights on Saskatchewan farmers.”
Read moreMember Benefit: Shortline Cyber Security Center
This cyber risk management and compliance solution is here to help with these challenges and deliver thousands of dollars of value to your organization.
Read moreTractor Supply Reports Record Second Quarter
Net Sales Increased 8.4%; Comparable Store Sales Increased 5.5% – Company Raises Fiscal 2022 Financial Outlook to Reflect Outperformance in the First Half of the Year
Read moreAGCO Announces Chief Supply Chain Officer Succession
AGCO Board of Directors has appointed Tim Millwood to succeed Hans-Bernd Veltmaat as Senior Vice President and Chief Supply Chain Officer
Read moreLogistics Concerns: Protests at Port of Oakland
“The cargo won’t flow ’til AB5 goes” rallying cry for many of the protesters, who want to see action in CA capital. Shutdown will further exacerbate the congestion of containers dwelling at the Oakland Seaport.
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