Farmers feel good about their financial positions, according to the Ag Economy Barometer. The Farm Capital Investment Index, which measures producers’ willingness to make big purchases, hit a record high in December.
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After 86 months below growth neutral, the farm equipment sales index bounced into growth territory in December in the Rural Mainstreet Index.
Read moreRoss joined MacDon in 2006 as vice president of operations and has been “instrumental in the successful development and growth of MacDon through these years,” including most recently leading the company after Linamar acquired it.
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The company’s board of directors has been preparing for such a transition and anticipates naming a new president and CEO within the next several months.
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The company attributed the increase to dealers reducing field inventory in the previous year, strong harvest conditions, and crop yields.
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The Association is considering offering a member service to help companies defray health insurance costs. Some of you like the idea. Others are not sure. Let us know what you think.
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“The basic idea of this tool is to process and analyze, in almost real-time, sensor data collected from operating machines to provide transparency to machine health and achieve near-zero breakdown performance,” a university professor said.
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Jones was president of the Association in 1985. His sons and grandson continue to lead the organization he founded with them in 1988.
Read moreRetiring founder and president Brian Olson said he and colleague TJ Batke are “confident our employees will take Power Pin to the next level with honesty and integrity.”
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A new partnership between AGCO/Fendt and Carl Geringhoff Vertriebsgesellschaft mbH & Co., will expand Fendt’s range of combine harvester headers.
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The tractor, which has a starting price of $50,000, can operate with or without a driver. It begins to ship this fall.
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Farmers who participate in the carbon credit programs have generally received between $7 and $40 per acre. An Iowa farmer who received a $75,000 check in November discusses the benefits.
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Advisor suggests keeping an eye on the relative value of the U.S. dollar.
Read moreThe new year arrived with news about mergers and acquisitions in the farm equipment marketplace.
Read more“The idea of a show where everyone is behind a mask, show guests would be required to travel one way through the show to encourage social distancing, and good friends would not be allowed to shake hands, did not appeal to anyone,” the show manager said. “But mainly, our concern was for everyone’s health.”
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“That glaring gap of where you were able to access the technology really hit home,” said a rural internet advocate. “When I talk to members of Congress, they would say it is the first thing that comes up in a townhall.”
Read moreKinze Manufacturing now distributes its planters, tillage equipment and grain carts to dealers in 18 states through an agreement with General Implement Distributors.
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The standard business mileage rate for 2021 is 56 cents per mile, which is down 1.5 cents from 2020.
Read moreFord announced the companies’ decision to scrap the joint venture after a Dec. 31 deadline passed. Economic conditions, including those brought on by the pandemic, drove the decision by the two companies.
Read moreChina has become a top-two market for U.S. poultry. It is one of the few places on Earth that imports chicken feet.
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Tens of thousands of drivers have been disqualified in the first year of a clearinghouse program that allows trucking companies to access drug test results for drivers nationwide.
Read moreThe National Farm Machinery Show has been delayed by seven weeks. Kasco Manufacturing will be there, but VP Paula Kaster considers it a test.
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Tim Burenga, a member of the Association’s Board of Directors and executive at Worksaver, says the industry is seeing a “perfect storm” in material prices.
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United States Steel Corp. will buy the remaining 50.1 percent stake in Big River Steel LLC, giving it ownership of one of the newest, most advanced steel mills in the country. Cleveland-Cliffs Inc. has completed its purchase of ArcelorMittal USA.
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With the boost in government aid, which is on top of the 64 percent increase in 2019, farmers are projected to see a 43 percent increase in net farm income in 2020.
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The first of the two-part proposal includes funds for another round of the Paycheck Protection Program for small businesses, as well as money for the unemployed, schools, and vaccine distribution.
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We hope to collect more data to drive our decisions about the best services to offer members. In the meantime, take a look at partial responses to the question about what most threatens profitability at member company plants.
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The Patent Trial and Appeal Board characterized AGCO’s arguments as “simplistic and unpersuasive.”
Read moreS3 took awards in both the product launch and customer brochure categories, which included entries from companies such as Cargill and Bayer Crop Science.
Read moreTitan ended production of tires at the site in 2003 and most recently leased the space to multiple tenants.
Read moreIn addition to updates in this newsletter, find a continually changing farm show calendar on our website.
Read moreIf confirmed, Vilsack will face challenges related to diminished trade, a decline in rural populations, a mandate to combat climate change, and a burdened food stamps program.
Read moreNovember numbers show gains in every category in the U.S. and all but two categories in Canada.
Read moreIn his farewell, he called on his colleagues to “once again become a body of respect, humility, cooperation, achievement, and, yes, friendship.”
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He won more awards than he can count. Among his most cherished is an honorary doctorate degree from the University of Illinois. That’s because he’d dropped out as an undergraduate at the University of Wisconsin after three months.
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U.S. farmers expanded seedings of winter wheat this fall for the first time in eight years.
Read moreThe natural weather phenomenon known as the cool sister of the higher-profile El Niño is shaking up agriculture for 2021.
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You can find out what turnover costs your company using a no-cost online calculator. If the amount alarms you, slow the churn by understanding the causes–not the symptoms–of resignations.
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Anaylsts predict that post-pandemic indulgences will be foods like avocadoes, hence record consumption will continue.
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The farmers are protesting laws that the government says are will create more options for farmers to sell their produce, but farmers say the laws benefit corporate interests.
Read moreWant to know how business is this year for other member companies? Early respondents to the 2020 membership survey offer a glimpse here. Check out the data, and join the conversation.
Read moreMembership includes easy-to-see, accessible-from-your-desk services, but it also offers an opportunity to learn and network that cannot be easily captured until you experience it.
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One family allegedly created 72 phony companies to collect $7.2 million through an SBA program. A person posing as Donald Trump won a $5,000 grant.
Read moreIn the U.S. and Canada, the company’s forecast calls for a 5 to 10 percent gain in sales in farm equipment in the new year.
Read moreNorth American commercial sales were the exception in an otherwise standout quarter. Farm sales increased by 24 percent.
Read moreThe company’s new site will house its precision agriculture solutions operations. In related news, Raven saw a 22 percent jump in net sales in applied technology.
Read moreCNH Industrial N.V. has appointed Scott W. Wine as chief executive officer beginning Jan. 4.
Read moreThe India-based stakeholder wants AGCO to separate the roles of chairman and CEO. The move comes as AGCO prepares for the current CEO and chairman to retire.
Read moreHarvest Profit, which produces software to help farmers analyze their data and better understand the financial outcomes, will retain its brand name.
Read moreFisher Barton has named Scott A. Hoffman as its new CEO. Craig Smith, who has been interim CEO, returns to his role as president of Fisher Barton TST.
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