New Director of Operations at Summers Mfg.
Jeremy Trostad – New Director of Operations. will support the production and engineering departments to help achieve company objectives.
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Uncertainty 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.”
Read moreKubota Reports Six Month Results
Kubota reports revenue up by 14.4% but operating profit dropped by 18% for first six months of 2022.
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Deere 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
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More 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.
Read moreDeere Moving More Production to Mexico
Deere has announced it will move mower conditioner production from Ottumwa to Mexico by the end of 2023.
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Valley® Irrigation Announces Completion of Company’s First North American Ag Solar Installation
Irrigation pivots are often shut off when the heat of the summer puts a strain on local power grids. To
Read moreValmont Reports Q2 Results
Record Net Sales of $1.1 billion increased 26.9% – Operating Income increased to $118.7 million, or 10.5% of net sales ($122.9 million or 10.8% adjusted1) compared to $82.6 million or 9.2% of net sales ($90.9 million or 10.2% adjusted1)
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Rural Mainstreet Economic Index Falls Below Growth Neutral Again
The July farm equipment-sales index 56.5 – The 20th straight month that the index has advanced above growth neutral.
Read moreUnited Ag & Turf Acquires Fish & Still
United Ag & Turf, now a 36 location John Deere dealership, headquartered in Bryan, Texas has completed the acquisition of Fish & Still Equipment, a John Deere Dealership, with locations in Nacogdoches, Marshall, Henderson, Crockett, and Lufkin, Texas.
Read moreU.S. Panel Rejects Duties on Fertilizers from Russia, Trinidad and Tobago
In a victory for farmers and a loss for the domestic fertilizer industry, the U.S. International Trade Commission has voted against imposing import tariffs on urea ammonium nitrate from Russia and Trinidad and Tobago.
Read moreLessiter Media Reports on Kubota Brand Purity Drive
Kubota, said the rise of Kubota-only dealerships was not a brand purity attempt but rather an organic response to the company’s improved equipment offerings.
Read moreNo Sanctions on Exporting Ag Equipment to Russia
the United States has not imposed sanctions on the production, manufacturing, sale, or transport of agricultural equipment or ag commodities the Russian Federation (Russia).
Read moreBiden Creates Emergency Board to Tackle US Logistics Conflict
Biden blocks freight railroad strike that would disrupt shipments for at least 60 days.
Read moreCNH Acquires Specialty Enterprises LLC
CNH Industrial has acquired Specialty Enterprises LLC, North America’s largest manufacturer of aluminium spray booms for agricultural applications
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EU Ag Equipment Short-Term Expectations Improve
European Agricultural Machinery Industry Association reports general business climate index for the ag machinery industry in Europe has risen slightly
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Connection, Education, and Fun Oct 25-27 Orlando
2022 Marketing & Distribution Convention – October 25-27 at the Hilton Orlando Lake Buena Vista, will bring together shortline manufacturers and their current or potential distributors in the largest meeting of its kind.
Read moreProperty/Casualty Rates Rise
Average U.S. commercial property/casualty rates rose 5.9% in the second quarter, according to MarketScout Corp.
Read moreSupercharging Industrial Construction
The rate of construction spending on U.S. manufacturing facilities has reached its highest point this millennium
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Ag Economy Barometer
Rising costs and uncertainty about the future continue to be a drag on farmer sentiment.
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OSHA Heat Resources for Employers
Provide your workers with information so they understand the risks of heat exposure and what actions to take. Keep materials easily accessible in the workplace.
Read moreTaxpayer Bailout of Union Pension Plans
Biden administration has unveiled details of the final rules surrounding the federal bailout of hundreds of union pension plans passed as part of Democrats’ $1.9 trillion American Rescue Plan Act (ARPA) coronavirus relief package last year.
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