In a memo to clients, one economist wrote: “It is still going to take a long time for the supply chains across the country to be fully restored, but at least the first steps appear to be in place towards normalcy.”
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USDA forecasts 2021 net farm income to increase by 23 percent compared to 2020, which would be the highest inflation-adjusted profit level farmers have earned since 2013.
Read moreStrong sales continue to the 100-plus horsepower tractor category in both Canada and the U.S. Sales of four-wheel drive tractors declined.
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The Farm Capital Investment Index declined, which seems to be a function of supply chain problems as well as concerns about rising input costs.
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The White House mandate for employees of federal contractors to be vaccinated will be halted nationwide. Challenges are pending against other mandates, including a mandate for private-sector employers with 100 employees.
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Canada’s rail lines are operating fully now, but the “reverberations back through the grain supply chain will be measured in months.”
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Voracious demand for imported goods by U.S. consumers has pushed up rates for freight being shipped across the Pacific from Asia to the U.S., making that trip far more lucrative than the journey from the U.S. to Asia.
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Through decades of membership, time-tested friendships, shared experiences, and mutual support, there is a family here that defies genetics.
Read moreIn separate news releases last week, Case IH and New Holland Agriculture announced partnerships with MacDon Industries related to draper headers.
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CNH Industrial has completed its acquisition of precision agriculture technology and member company Raven Industries.
Read moreSales revenue in Canada increased by 48 percent at Poettinger, which drove a record in sales during the company’s 150th year.
Read moreDeere will add 150 IT jobs at a new office in Chicago with a goal of hiring 300 people to support IT and other roles.
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The tech company uses image analysis technology and AI to assess plant growth and detect pests on grape, blueberry, and other tree crops.
Read moreThe newly appointed chief executive has been with Kubota for 32 years. He has worked in the company’s U.S. business as well as held executive roles in Europe.
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While supply-chain bottlenecks should eventually ease, other trends could persist: policies such as tariffs and “Buy American” procurement rules, businesses moving production back to the U.S., and depressed immigration inflows.
Read moreThe district shut down is one of six below Ningbo, which has one of the world’s largest ports, raising concerns the already stressed supply chain may face more trouble.
Read moreA fourth wave of COVID in Germany prompted the decision. The show was expecting 2,000 exhibitors.
Read moreSee the latest in acquisitions and plans to build.
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Taxpayers in 2022 can put an extra $1,000 into their 401(k) plans.
Read moreThe purchase “complements AGCO’s vision of being the trusted partner for industry-leading smart farming solutions …”
Read moreJohn May’s appointment expands Ford’s board to 15 members.
Read moreThe port handled 8.7 percent more cargo in October this year than it did in October last year and the most in its history.
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If manufacturers can provide better images, real-time updates to parts and whole goods, and easier to navigate co-op policies, they stand to grow their revenue and build loyalty among dealers.
Read moreThe five-week strike that straddled the end of a fiscal year and start of another likely cut Deere’s production by 10 to 15 percent, but earnings remained strong.
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When 80 percent of breaches are still caused by weak, reused, and compromised passwords, businesses need to focus on putting a stronger security foundation in place. Consider MFA.
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Members of Farm Equipment Manufacturers Association now have access to a no-cost online service to protect against cyberattacks.
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Discuss challenges in the work comp industry, emerging technologies and analytics to improve the process, achieving better outcomes for workers, and more.
Read moreDarcy Cook has been with JCA for eight years. He has been developing off-road electronic control systems for 20 years and has also spent time designing satellites systems for the Canadian Space Agency.
Read more“This acquisition is another strategic step for us and will expand our driveshaft portfolio even further,” Walterscheid’s CEO said.
Read moreThe company stated that demand for products remains strong and it is working to increase production to meet the growing order backlog.
Read moreThe Association is calling on member executives to renew their commitment to committee work or get started this year. The work helps define our direction.
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ASABE has adopted a new version of an ISO standard for mechanical connections of towed vehicles. It also has completed revisions to parts of a series on ag field equipment braking.
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“The content is designed to provide more than just lists of what manufacturers need to do,” said Sentry’s Bryant Hintz. “It is designed to give manufacturers examples and resources to help build their safety programs.”
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A rise in global shipping costs and new techniques are making the technology more attractive, and “increased flexibility and confidence on lead times may help drive efficiencies …”
Read moreIn related news, CNH Industrial has entered into an exclusive, multi-year licensing agreement for electrification technologies with Monarch Tractor.
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In the farm and industrial machinery segment, revenue increased by 26.5 percent and accounted for 85.8 percent of Kubota’s consolidated revenue.
Read more“The combination of our larger base of revenues, healthy inventory position and lean infrastructure has allowed for powerful operating leverage that drove a 109 percent increase in pre-tax income for the quarter,” CEO David Meyer said.
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The analyst said that significant levels of pre-orders from retailers and construction of new container ships will ease pressures on the supply chain.
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Readings for farm equipment sales and farmland prices over the last several months represent the strongest consistent growth since 2012.
Read moreFieldin, which helps farmers accelerate data collection, will acquire Midnight Robotics, which retrofits tractors with sensing technologies.
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The Occupational Safety and Health Administration has suspended implementation and enforcement of the Biden administration’s vaccine mandate for private employers after a federal court
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“This three-year partnership with Enquiron brings a value to members far higher than their annual membership dues,” said Executive Vice President Vernon Schmidt. “I hope every company seizes the opportunity.”
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“We are here to do business,” Burenga writes, “and in some cases, we are even competitors, but we recognize the value of moving the industry forward together, and we are genuine people who support one another.”
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Association President Matt Westendorf presented plaques at the fall convention to executives from companies celebrating a half-century of membership.
Read more“His office door always open, Gary Mac lived what he believed,” his obituary said, which is “business isn’t about business, it’s about people.”
Read moreTitan Machinery Chairman and CEO David Meyer said the acquisition “is a perfect complement to our existing footprint in the heart of this highly productive region.”
Read moreWith the acquisition of the Cervus locations in Canada, Australia and New Zealand, Brandt now owns and operates 120 full-service equipment dealerships.
Read moreTimberwolf manufactures commercial wood chippers primarily serving markets in the U.K. and the European Union.
Read moreShurts joined Great Plains in 2020. Prior to his time at Great Plains, he worked as the COO at Tribine Harvester, and the director of operations for AGCO.
Read moreOregon Tool CEO Paul Tonnesen said “Platinum’s investment and operational expertise can help accelerate our growth and innovation …”
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