AGCO Reports Record Q3 Net Sales
AGCO has reported financial results for the third quarter ended Sept. 30, 2023. Net sales for 3Q2023 were approximately $3.5 billion, an increase of 10.7% year-over-year.
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Valmont Net Sales Down 4% in Q3
For its third quarter ended Sept. 30, 2023. Valmont reported net sales of $1.1 billion, down 4.3% year-over-year.
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Trimble Reports Q3 Revenue
Trimble Inc. recently announced financial results for the third quarter of 2023. Third Quarter 2023 Financial Highlights Revenue of $957.3
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S3 Group Ltd. Acquires Power Pin Inc.
S3 Group Ltd. has officially announced their acquisition of Power Pin Inc.
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Alamo Reports Record Q3 Net Sales
Alamo reported record third quarter 2023 net sales of $419.6 million, an increase of 13.8% compared to $368.8 million in the third quarter of 2022.
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CNH Reports Q3 Revenue of $6 Billion
CNH Industrial reported consolidated revenues of $5.99 billion, up approximately 2% compared to Q3 2022.
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NAEDA CEO Recognized with Distinguished Service Award
The North American Equipment Dealers Association (NAEDA) Board presented the NAEDA CEO, Kim Rominger, with a Distinguished Service Award.
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Shortline Legends Hall of Fame Awards Presented at Fall Meeting
Don Landoll, Applequist honored with Shortline Legends Award at the Marketing & Distribution Convention in Kansas City, MO.
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AGCO to Furlough Up to 900 Employees in Kansas Plant
AGCO will temporarily furlough up to 900 employees to “upgrade critical systems” at the company’s Hesston, KS facility.
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See You in KC: A Few Important Notes!
If you are joining us for the 2023 Marketing & Distribution Convention at the Sheraton at Crown Center, here are a few important notes to help you prepare. (If you have not yet registered, there’s time! Go to FarmEquip.org.)
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Shortline Legends Shine at Fall Convention
You are cordially invited to join FEMA for the “Shortline Legends Hall of Fame,” presentation, which will take place at the upcoming Marketing & Distribution Convention on Nov. 1 at 9 a.m.
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Maintain Culture and Continuity with a Buy-Sell Agreement
A buy-sell agreement can be a powerful tool to protect your business culture and legacy tool and prevents unqualified buyers from disrupting the operations, culture, or vision of your business.
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Four Ways You Can Improve Your Social Media Presence
With so many companies competing for attention, creating a social media presence can be challenging. Here are five key strategies that can help you improve your social media presence.
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Seven Seconds For A Great First Impression
The Marketing & Distribution Convention will be here soon. So, what can you do to make a good first impression with peers or potential customers that you will meet for the first time?
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AgriTechnica Discount for Association Members
FEMA Members are eligible for a discount for both the Preview Day and Visitor Day ticket at the world’s leading trade fair.
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ASABE Updates Relevant to FEMA
Find the latest ASABE standards relevant to our members related to braking, tractors and self-propelled equipment, towed implements, tillage, lighting/marking, drawbar jacks, cab enclosures and more.
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High Interest Rates Discourage Farm Loans
Ag bankers say farmers are tapping their savings from recent boom years instead of borrowing money at what are the highest interest rates since 2007.
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Further Rate Hikes Possible Says Federal Reserve
The still-robust U.S. economy and tight labor market could mean further interest rate hikes, Federal Reserve Chair Jerome Powell said.
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Titan Machinery Announces Leadership Succession
Titan Machinery announced that President and COO Bryan Knutson will become President and CEO Chairman and CEO David Meyer to Assume Role of Executive Chairman.
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Art’s Way Announces Q3 Earnings
In its earnings released Oct. 11, Art’s Way reported $8.1 million in third quarter sales.
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Dealers Pessimistic About 2024 New Equipment Sales
The Farm Equipment Dealer Business Outlook & Trends survey shows what trends dealers are expecting for the coming year.
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Kinze Signs Clinton Tractor as Dealer
New Holland dealer Clinton Tractor & Implement, Clinton, N.Y., will carry the full line of Kinze planters and equipment as well as parts.
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Tractor/Combine Sales: 4WD Tractor Sales Surge
Unit sales of 4WD ag tractors experienced a notable upswing in both the U.S. and Canada in September, closing the third quarter of 2023 in a strong position.
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Rural Mainstreet Economy Slumps to 2023 Low
For a second straight month, the overall Rural Mainstreet Index (RMI) sank below growth neutral. This month’s reading is the most negative outlook recorded since May 2020.
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In Memoriam: Former Association President Robert “Bob” Kools
Bob, who proudly served as president of the Farm Equipment Manufacturers Association from 1980 – 1981, passed away Oct. 14, 2023.
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Making the Most of the Marketing & Distribution Convention
Are you ready to make waves at the highly anticipated 2023 Marketing & Distribution Convention, set to take place at the luxurious Sheraton Crown Center? We have some insider tips to supercharge your preparations and ensure you have an unforgettable experience!
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There’s Still Time to Register for the Fall Convention!
Approximately 281 representatives from 148 companies are currently registered to attend the Marketing & Distribution Convention in Kansas City. Are you on this list? If not, what are you waiting for?
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Growth Hacking Techniques: Reactivating Old Prospects & Customers
Are you like most manufacturers who are sitting on a goldmine of opportunity, but don’t know how to mine it? Fall Convention speaker, Brandon Dempsey, teaches you real tactics you can implement in your business to help target your ideal prospects.
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Empowering Progress: Celebrating National Manufacturing Week (Oct. 6 – 13, 2023)
Thank you to all our shortline farm equipment manufacturers and suppliers who play a crucial role in providing specialized solutions to farmers, Let us know how your company is celebrating Manufacturing Week.
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Steel Production
Steel production in net tons as of October 2, 2023.
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Bobcat Denies Claims of Impending Job Cuts
Bobcat is disputing union claims that job cuts are coming to their U.S. manufacturing plants.
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Government Shut Down Averted: Farm Bill Stalled
The government shutdown was averted when the Senate approved a 47-day stopgap bill. How will this affect the Farm Bill?
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Significance of Green Lanyards
If you notice a member wearing one of these green lanyards at the Fall Convention, we encourage you to reach out and introduce yourself.
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Propulse Named Iowa Top Workplace Award
ProPulse, a Schieffer Company has been honored with the 2023 Iowa Top Workplaces award.
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Oct. 12: Save the Date: Landoll Company 60 Year Celebration
Landoll Company is celebrating their 60th anniversary featuring a special concert on October,12 with Eddie Montgomery!
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Great Plains Mfg. Opens Hay & Forage Facility in Abilene, KS
Great Plains Manufacturing partnered with European sister company Kverneland and Kubota Tractor Corp. to hold a grand opening for its new hay and forage assembly in Abilene, KS.
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Farmer Sentiment Weakens Amid Weak Crop Prices and High Production Costs
Farmer sentiment weakened amidst worries about the risk of declining prices for crops and livestock and concerns about high input costs and interest rates.
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KC Fall Convention: 4 Weeks and Counting
There are so many reasons for you to join us in Kansas City. Registration numbers for the fall meeting are the highest we’ve had since 2018, so the potential to make beneficial connections with other members is excellent.
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Grain Prices and Farm Income
Fall Convention Speaker, Richard Brock, discusses where grain prices are headed and their impact on farmers’ purchasing plans.
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Shortline Legends Honored at Marketing & Distribution Convention
The ‘Shortline Legends’ Hall of Fame recognizes individuals whose innovations impacted the machinery and dealer distribution industry over the last 55 years.
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Free Webinar Series From Pinion
Association members are entitled to valuable benefits including free webinars from Pinion Global.
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Deere Partners with DeLaval for Sustainable Milk Production
John Deere and DeLaval, a producer of dairy and farming machinery, have joined efforts to create the Milk Sustainability Center
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Escaped Convict Found Behind Deere Dealership
Escaped prisoner, Danelo Cavalcante, was finally recaptured behind a Deere dealership in Pottstown, PA.
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Low Water Levels May Plague Ag This Fall and Winter
From the Mississippi River to the Panama Canal, this year’s drought has resulted in low water levels that are likely to disrupt ag production and trade.
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Iowa Spring Acquires Northeast Spring
Iowa Spring recently announced that it has acquired Northeast Spring of Reading, Pennsylvania.
Read moreEscaped Convict Found Behind Deere Dealership
Escaped prisoner, Danelo Cavalcante, was finally recaptured after a 14-day manhunt behind Little’s John Deere of Pottstown, PA that sells lawnmowers, tires and more.
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NPPC Leader Not Betting the Farm on Prop 12
The president of the National Pork Producers Council said on Tuesday he won’t convert his Missouri hog farm to satisfy the California rules.
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New Law Incentivizes Selling Land to New Farmers
To recruit new generations to the agriculture industry, Missouri state lawmakers passed a bill to incentivize selling land to beginning farmers.
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Rural Mainstreet Economy Slows in September
For the first time since March of this year, the overall Rural Mainstreet Index (RMI) sank below growth neutral for September.
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Steel Production
Steel production in net tons as of September 18, 2023.
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