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.
Read moreEnergy Dept. Offering $52K for Clean Manufacturing
The Department of Energy is offering $52 million in funding for clean manufacturing research and development
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Jake Davis Named MWFA Board President
BTM Manufacturing is pleased to announce that Jake Davis, BTM Manufacturing President, will begin serving as the Mid-West Fastener Association’s Board President.
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All States Ag Parts Announces Leadership Changes
All States Ag Parts (ASAP), the leading agricultural and heavy equipment aftermarket parts supplier in North America, recently announced the promotion of William (Bill) Davidson to the position of CEO for All States Ag Parts.
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CNH Industrial Purchases Stake in Earthoptics
CNH Industrial . has joined a group of industry-leading firms and venture capital firms in the Series B funding round of EarthOptics, an innovative ag tech startup.
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Doosan Rebrands as DEVELON
Doosan has announced that its familiar brand will now be called DEVELON throughout the world.
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Farm Equipment Sales Index Begins 2023 on Solid Note
As a result of strong farm financial conditions, the Farm equipment-sales index climbed to 61.4, its highest level since June of last year, and up from 60.4 in December. The index has risen above growth neutral for 24 of the last 26 months.
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Pandemic Changes How Firms Hire and Retain Workers
The pandemic should be an opportunity for companies to rethink how they recruit and retain workers.
Read moreBill Requires Blood Tests for Workers Comp Benefits
A West Virginia bill introduced Wednesday would prevent workers determined to have been intoxicated during a workplace injury from collecting workers compensation.
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2023 USDA Crop Production Report
The USDA recently released its Annual Crop Production Report focusing on corn, soybeans, and wheat.
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