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.
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Dealer 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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Help 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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Dealer News: Hutson Acquires Classic Power Equipment
Hutson Inc., a multi-state John Deere dealership is pleased to announce another Michigan acquisition, Classic Power Equipment located in Williamsburg, MI.
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CLAAS Announces New Dealership Concept
In December, CLAAS announced plans to build a company-owned dealership offering the full line of CLAAS equipment, with the first store slated for western Kentucky. Two months later, the company has a lot more to share, starting with a name: CLAAS FARMPOINT™.
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Happy Anniversary and Welcome New Members!
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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Valley Industries, LLP acquires long-time partner Bestway Ag
Valley Industries, LLP announced the acquisition of Bestway Ag – a manufacturer of agricultural and liquid handling equipment.
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Kubota Shifts Production to U.S. and India
Japanese farm equipment maker Kubota is bucking trends by moving production overseas despite a weak yen as it seeks to create a supply system not susceptible to currency market volatility,
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CNH Reports Strong Q4
CNH Industrial delivered a strong fourth quarter contributing to a record full year revenue and income.
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Unverferth Announces Purchase of Orthman
Unverferth Manufacturing has announced the purchase of Orthman Manufacturing’s agricultural product lineup and the two manufacturing locations based in Lexington, NE.
Read moreDealer News: RDO Announces Leadership
Tim Curoe announced the company has promoted Chris Cooper to the role of President and introduced several new positions including a Senior Vice President of Field Technology and Innovation.
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Moveero Appoints Anirudh Pandit as New CFO
Moveero has announced the appointment of Anirudh Pandit to the position of CFO, where he will take global responsibility for the company’s Finance function.
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Supply Summit: Walk, Run, Golf, Fish, Sail, Network
The Supply Summit & Showcase is an educational and professional development conference that acknowledges that much of what members learn comes from conversations in social settings.
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Steel Production
Steel Production as of January 23, 2023.
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Emerging Owners Workshop Added to Summit Agenda
Whether you are an aspiring entrepreneur, a manager in a growing firm or an heir to a family business, this workshop will help you on your journey as an Emerging Owner.
Read moreSentry Safety February Webinar
Register today for the February 8 seminar: A practical introduction to ergonomics.
Read moreSuppliers: Stand Out Through Sponsorships
Suppliers seeking to stand out at the Summit may find value in sponsoring a session, event or refreshment station.
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State Legislative Updates and Trends in Employment Law
In light of gridlock in Washington, many states have been passing new employment laws. There are three new movements that you should be aware of.
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Reserve Your Showcase Booth Today
Don’t miss your chance to meet key supplier partners and pick up new ideas to further your company.
Read moreHappy Anniversary and Welcome!
Happy Anniversary to our long-time members who are celebrating milestone anniversaries. We would also like to extend a warm welcome to our newest members.
Read moreA Member’s Perspective: Making Connections at the Summit
“Our organization has been a member of FEMA for the past 20 plus years and we always find the conventions very productive.”
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Deere Seeks to Dismiss Class Action on Right-to-Repair
The future of a right-to-repair class-action lawsuit filed on behalf of 16 farms against John Deere is in the hands of a federal judge.
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Why CNH Workers Approved Deal to End Strike
The union’s vote Saturday to end the strike capped a hostile standoff between the UAW and the Italian-owned implement manufacturer, a fight in which union leaders say they rejected dozens offers before even taking a contract to members.
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Small Package Delivery Companies Capitalize on Potential UPS Strike
Regional shipping companies across the U.S. are expanding their operations to pick up business from bigger rivals, seeking to capitalize on labor uncertainty at UPS.
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Yanmar and TYM Sign Supply Agreement
Yanmar America Corporation has announced a supply agreement with TYM Corporation to provide 3 models of Yanmar-branded tractors. The tractors will be launched in 2023 and available in the North American market.
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EPA Sued for Not Enforcing Clean Air Act
Advocates are filing a lawsuit against the EPA, alleging that the agency is not enforcing the Clean Air Act by allowing agricultural equipment companies to prevent farmers from making their own repairs to tractors and other machines.
Read moreCNH Industrial Strike Ends after 9 Months
The nearly nine-month strike against CNH Industrial ended January 21 with the ratification of a new contract with the United Auto Workers union members.
Read moreCNH Industrial Workers May Approve New Deal
The United Auto Workers president says the union is close to reaching another agreement with CNH Industrial that improves a deal rejected by striking workers earlier this month.
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Steel Production
Steel production as of January 16, 2023.
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