Ukrainian Black Sea Grain Deal Extended Two Months
On May 18, the Black Sea Grain Initiative signed on July 22, 2022 in Istanbul between Ukraine, Turkey, and the United Nations (UN), was extended until July 18, 2023.
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Steel Production
Steel production in net tons as of May 8, 2023.
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Deere Reports Second Quarter Earnings
Deere & Company reported net income of $2.860 billion for the second quarter ended April 30, 2023
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Mainstreet Index Above Growth Neutral – Highest Since May 2022
After declining below growth neutral for March, the overall Rural Mainstreet Index expanded above the threshold for a second straight month.
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Buhler Reports Q1 Earnings
Buhler Industries has reported its revenue for the first quarter of 2023 was $41.6 million, up $0.6 million from the prior year.
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Vermeer Opens Global Parts Distribution Center
Vermeer announces the opening of a 312,000-ft2 state-of-the-art Global Parts Distribution Center in Pella, IA.
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Kelly Tillage to Build Manufacturing Facility in Missouri
Kelly Tillage, an Australian agricultural machinery manufacturer, announced today it will build a new assembly facility in Rogersville, investing $2 million and creating 22 new jobs.
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Supreme Court Backs California Law on Humane Treatment of Pigs
The Supreme Court on Thursday rejected a challenge to a California animal welfare law that would ban the sale of pork derived from breeding pigs housed in confined spaces.
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Shortline Manufacturers Score Well in Annual Dealer Survey
The North American Equipment Dealers Association (NAEDA) has released its Dealer-Manufacturer Relations Report for 2023.
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In Memoriam: Becky Price
Rebecca Hesser “Becky” Price, 77, passed away unexpectedly Saturday, May 6, 2023.
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Ag Leaders Lobby to Strengthen Farm Bill Crop Insurance
Farm and commodity trade association leaders lobbied for updating commodity programs and strengthening crop insurance programs at a Tuesday hearing of the U.S. Senate Agriculture, Nutrition, and Forestry committee.
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Demand for New Factories Drives Growth in Construction Spending
Manufacturers of construction equipment, trucks, building supplies and industrial software are still ringing up sales, despite slowdowns in other parts of the U.S. economy.
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Edney Distributing CEO Transitions to Board Chair
Member company, Edney Distributing Company, Inc. that Doug Edney has transitioned from his role as CEO to Board Chair.
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Age, Experience Matter in Cost of Workplace Injuries
Employees in their first year on a job account for 34% of workers’ compensation claims, resulting in 7 million missed workdays.
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The EU Backs Plan to Forcibly Shut Down Thousands of Farms
The European Commission approved two Dutch plans worth a combined 1.47 billion euros ($1.61 billion) to buy out livestock farmers to reduce nitrogen pollution.
Read moreDealer News: 4Rivers to Merge with 21st Century
4Rivers Equipment’s ag division is slated to merge with 21st Century Equipment on June 12.
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Could Cover Crops Have Prevented Deadly Illinois Dust Storm?
At least seven people were killed in a massive crash involving over 70 cars along a 2-mile stretch on Interstate 55 in central Illinois on May 1. The crash was caused by excessive winds blowing dirt from recently tilled farm fields, which lead to zero visibility
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Alamo Reports Record Q1 Earnings
For the first quarter ended March 31, 2023, Alamo Group Inc. reported record net sales of $411.8 million.
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CNH Reports Record Earnings from Q1
CNH Industrial reported first quarter consolidated revenues of $5,342 million (up 15% compared to Q1 2022) Net income of $486
Read moreCase IH & AGuru Machinery Announce Partnership
CNH Industrial, parent company to Case IH has entered into an agreement with AGuru Machinery, a strip-till company based in Congerville, IL.
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CEO of Edney Distributing Transitions to Board Chair
Edney Distributing Company has announced that Doug Edney has transitioned from his role as CEO to Board Chair.
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Rural Mainstreet Index Moves Higher in April
After declining below growth neural for March, the overall Rural Mainstreet Index expanded above the threshold for the month.
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CLAAS FarmPoint Announces Plans for Second Location
The new CLAAS equipment dealership, which will open its first location in Madisonville, Kentucky, this June, already has plans for the second location.
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AGCO Reports Sales Up in Q1 to $923 Million
AGCO reported May 2 that for the first quarter ended March 31, 2023, net sales were approximately $3.3 billion, an increase of approximately 24.1% compared to the first quarter of 2022.
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Farmer Sentiment Improves Amidst Farm Bill Discussion
Farmer sentiment improved modestly in April as the Purdue University-CME Group Ag Economy Barometer reversed a two-month decline up 6 points to a reading of 123.
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EPA Moves to Maintain Consumer Access to E15
The U.S. Environmental Protection Agency announced today that it will use existing authority to prevent drivers from losing access to lower-cost and lower-emission E15.
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Steel Production
Steel production as of April 24, 2023.
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Cybersecurity Risk Questions Every Company Should Ask
When a data breach occurs, the damages can be significant, often resulting in lawsuits, and serious financial losses. Learn how to protect your company’s security.
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Supply Summit Survey Results Now Available
If you haven’t completed the 2023 Supply Summit & Showcase survey, please submit your responses by May 1.
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Women In Manufacturing Gaining Momentum
According to U.S. Census Bureau data, there are currently around 12.1 million people working in manufacturing, making it the nation’s fifth largest employer.
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Thinking INSIDE the Box – How Tough Times Fuel Creativity and Innovation
When resources are constrained, you’re forced to focus on the objectives that truly matter. The resulting clarity often creates a product that only does a few things, but does them exceptionally well.
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USDA Reports Beef Cow Herd Near Record Low
Beef cow inventory has settled at progressively lower levels since the 1990-2004 cattle cycle.
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Check Out Sentry’s Library of Safety Resources
Sentry Insurance invites Association members to take advantage of the company’s free library of safety resources.
Read moreApril 27 Webinar: The Future of Technology in Distribution
Learn about the full set of new solutions built to help distributors grow sales, build stronger relationships, and increase team productivity
Read moreDealer News: H&R Acquires Kubota of McMinnville
H&R Agri-Power announces the acquisition of Kubota of McMinnville located in McMinnville, Tenn.
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Steel Production
Steel production as of April 17, 2023.
Read moreBuhler Sells North Dakota & Alberta Properties
Buhler Industries Inc. announced it the sale of two properties in Fargo, N.D., and Vegreville, Alta.
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Winamac Coil Spring, Inc. Celebrates 75th Anniversary
Winamac Coil Spring, headquartered in Kewanna, IN is celebrating their 75th anniversary.
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All States Ag Parts Acquires Steel Tracks, Inc.
All States Ag Parts the leading agricultural and heavy equipment parts supplier in North America, recently announced the acquisition of Steel Tracks, Inc.
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Global Agriculture Equipment Market Sales Revenue to Surpass $519.44 Billion
The global Agriculture Equipment Market is expected to grow at a compound annual growth rate of 8.6% from 2023 to 2031.
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FBI Warns Against Using Public Charging Stations
The FBI wants you to think twice before using free public charging stations for your phones, computers, or tablets.
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Farmer Sentiment Weakened Again in March
Farmer sentiment weakened again in March as the Purdue University/CME Group Ag Economy Barometer fell 8 points to a reading of 117.
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ASABE Adopts International Standard for Closed Transfer Systems
The ASABE has completed the identical national adoption of equipment for crop protection – closed transfer systems (CTS) performance specifications.
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Tractor/Combine Sales
Combine harvester sales in the U.S. and Canada continue to grow while tractor unit sales stay close to their 5-year average.
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Art’s Way Announces Q1 Earnings
Art’s Way Manufacturing Co., has announced its financial results for the first quarter of fiscal 2023.
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Steel Production
Steel production as of March 27, 2023.
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Colorado Passes Right-to-Repair Bill
Colorado legislators passed the nation’s first agriculture equipment right-to-repair bill Tuesday.
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Follow Us on Instagram!
Farm Equipment Manufacturers recently launched a new Instagram account.
Read moreYanmar & Tarter Partner for Tractor Implements
Yanmar America Corporation has partnered with Tarter Farm and Ranch Equipment, to pair the company’s wide range of high-quality, American-made implements to Yanmar’s tractor range.
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Scenes from the 65th Annual Supply Summit & Showcase
The Supply Summit & Showcase combined informational sessions on manufacturers’ grants, multi-jurisdictional taxes, product safety, economic overview, and much more.
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