Deere Improves 2018 Outlook
Deere last week boosted its sales outlook for fiscal 2018, citing strengthening conditions in agricultural and construction markets.
Read moreBuhler Reports Strong First Quarter
Company reported $74.6 million in sales for the quarter ending December 31. That was a $27.5 million improvement over the first quarter of 2017.
Read moreDealers’ Inventory Levels Improve
he dealer sentiment report for January from Ag Equipment Intelligence says the huge backlog of new and used equipment continues to diminish.
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U.S. Commerce Recommends
Tariffs on Steel, Aluminum
Administration weighing broad-based tariffs and quotas to curb imports of steel and aluminum to protect national security. Officials stressed no final decisions have been made.
Read moreRural Economy Shows Strength
Survey of bankers in 10 Midwestern states this month, pushing the Rural Mainstreet Index to its highest point since May 2014.
Read moreStronger Economy May Increase Supply Costs
Manufacturing price index surged to the highest level since May 2011.
Read moreLooking at Reciprocal Tax on Imports
We wont charge them anything and we send them our product, same product as theyre sending us; and theyll charge us 50 and 75 percent taxand thats very unfair,
Read moreSupply Summit Sponsorships
Optimize your visibility with this captive audience by sponsoring part of the 2018 Supply Summit.
Read moreAg Seizes Trade Opportunities in Cuba
Federal initiatives introduced in 2014 to make trade with Cuba easier appear to have increased sales to the island country.
Read moreNetworking in Omaha
Manufacturers come to the Supply Summit & Showcase to find productsand partnersto resolve production problems.
Read moreDisaster Bill Helps Farm Bill
Ag Chair Conaway said disaster legislation sets us up nicely to get a farm bill done on time. He praised his partys leadership for getting cotton and dairy included in the disaster bill.
Read morePlant Tours – Robotics or Combine Assembly
Take a peek inside someone elses plant during the Supply Summit. Both tours begin at 11:30 a.m. Friday. Participants need to register in advance.
Read moreBudget Proposal Cuts Billions from Farm Bill
Ag Committee Chairs are committed to maintaining a strong safety net for agricultural producers during these times of low prices and uncertain markets and continuing to improve our nations nutrition programs.
Read moreKinze Enters Tillage Market
New product line is based on a Canadian design, produced by Degelman Industries, that has been licensed to Kinze to build at its manufacturing facility in Williamsburg, Iowa.
Read moreRevised Brake Standard is in ASABE’s Court
Thanks to the work of several members, the standard project proposed to ASABE for towed implements seems to have taken a more reasoned direction. That said, we are still concerned with the lack of a cost-benefit analysis.
Read moreLinamar-MacDon Deal is Done
Linamar Corporation has completed the previously announced $1.2 billion acquisition of the outstanding equity interests of MacDon Industries Ltd. and its group of companies.
Read moreWhite House Releases Infrastructure Plan
White House last week unveiled a program to transform how the nations infrastructure is funded and developed – proposal would include $50 billion for direct grants to rural areas.
Read moreRemlinger Announces Leadership Changes
Remlinger Mfg. has promoted Ron Hovest to president. Hovest is the oldest grandson of the companys founderthe late Wilbur Remlinger.
Read moreDawn Equipment CEO Launches New Company
Underground Agriculture will focus on providing innovative agricultural equipment and intelligence to farmers using organic no-till methods,
Read moreAGCO’s Net Sales Rise in Q4
AGCO reported a 20.7 percent increase in net sales for its fourth quarter of 2017 compared to the same quarter last year.
Read moreFarmers Feel Good Today, Worry About Future
A paradox has developed among farmers. Producers have remained consistently optimistic about current economic conditions while optimism about the future has faded to a 14-month low.
Read moreNFIB: Small Businesses Feel Good About Trump
The National Federation of Independent Businesses reports an “all-time record-setter” in small business confidence. The organization’s CEO and its chief economist attributed the boost in confidence to policy changes under the Trump administration.
Read moreUSDA Releases Farm Bill Priorities
The 2018 farm bill should provide crop insurance products that allow farmers to withstand economic slumps while it cuts spending in nutrition assistance programs, the U.S. Agriculture Department said yesterday.
Read moreWheat Growers Worried About TPP Without U.S.
A spokesman for U.S. Wheat Associates says news that the 11 remaining countries in the Trans-Pacific Partnership are moving ahead without the U.S. “should serve as a rallying cry for farmers, ranchers, and dairy producers calling for the new trade deals we were promised when the president walked away from TPP.”
Read moreNebraska Senator Appointed to Ag Committee
The Senate Agriculture Committee, which last year was left without a Nebraskan for the first time in 50 years, appointed a senator from the state earlier this week.
Read moreHappy Anniversary, Welcome
Six companies are celebrating milestone membership anniversaries with the Association this month. Seven others have applied for membership. See who they are.
Read moreU.S. Tax Cuts Improve Forecast for Global Economic Growth
The International Monetary Fund has improved its forecast for world economic growth and credits the recently passed tax reform law with contributing to the growth. Economists warn, however, that the “economic momentum reflects a confluence of factors that is unlikely to last for long.”
Read moreGeringhoff Plans to Expand
Geringhoff Corp. will add a second factory assembly line in St. Cloud, Minn. The addition will lead to the creation of 20 permanent jobs atop the 34 currently employed at the plant.
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In Their Own Words:
Members’ Thoughts on the Value of Supply Summit and Fall Convention
We learn important things in our conversations with members. Among them, we need to do a better job of explaining the value of our meetings to folks who dont attend.
Omaha: Wherever You Are, You’re Not Too Far
The 2018 Supply Summit & Showcase is approaching quickly. Take a look at who will present at our general sessions and where we’ll go on plant tours.
Read moreHiring Rises for Record-Breaking 87th Consecutive Month
The unemployment rate remains the lowest it has been since 2000, and hiring has risen for 87 months, which is the longest uninterrupted period of job expansion on record. But, the labor market expansion is more notable for its length than its strength.
Read moreLessiter Names Sales Director
Lessiter Media has promoted publisher and senior account executive Michael Ellis to director of sales. Ellis will oversee sales and sponsorships across all Lessiter Media titles.
Read moreFowler Returns to Lead Krone
Rusty Fowler, who led Krone North America for 28 years, has returned to the company to replace Tommy Jones as president and CEO. Fowler said the decision ensures “consensus and alignment on business direction and goals.”
Read moreKongskilde Opens in New Plant
The member company’s new plant in Normal, Ill., will serve as a training center, warehouse, and sales-and-service location.
Read moreASABE Publishes Standard on Speed Signage
ASABE has published a new standard for speed signage on agriculture equipment. It specifies the dimensions, characteristics, and positioning of speed identification signs.
Read moreRotary Cutter Council to Meet in Louisville
Members of the Rotary Cutter Council will gather for a joint meeting with members of AEM on Tuesday, Feb. 13, at the Crowne Plaza Louisville.
Read moreDealer News
Wickham Tractor Co. has purchased all three locations from B&G Equipment, which owned stores in Greeley, Longmont and Fort Collins, Colo.
Read moreIRS Releases New Withholding Tables
The Internal Revenue Service has released Notice 1036, which updates the income-tax withholding tables for 2018. Employers start using the withholding tables no later than Feb. 15.
Read moreDriverless Tractor System Among First On Market
An ag technology firm in Iowa has successfully tested one of the industry’s first driverless systems for tractor. With the push of a button, a farmer, from his seat on a combine, can summons a tractor pulling a grain cart, and ultimately send the unattended grain cart to unload.
Read moreDealer Outlook Improves
Optimism among North American farm equipment dealers took a statistical leap in a year, climbing from 22.4 percent who expected sales to increase last year to more than 46 percent who expect better sales this year.
Read morePanel Rejects Nominee to Lead Ex-Im Bank
The Senate Banking Committee in December rejected President Trumps nominee to lead the Export-Import Bank. The nominee, Scott Garrett, served in the U.S. House and was among lawmakers who persistently tried to shut down the Ex-Im Bank.
Read moreEDA Names Director of Government Relations
The Equipment Dealers Association (EDA) has announced that Alexis Strieker has joined the associations government relations team.
Read moreWhat Tax Cuts May Mean to the Farm Bill
Reduced tax revenue means fewer dollars in government coffers. What might the new law mean for funding the 2018 Farm Bill?
Read moreIRS Bumps Up Mileage Rates
The IRS has released mileage rates for 2018. Rates have increased by one cent for business travel and medical or moving purposes.
Read moreYour Feedback on Fall Convention Will Shape Plans for Spring
We heard from an unprecedented number of you about your experience at the Marketing & Distribution Convention in Houston. Were using that information to put together a spectacular Supply Summit & Showcase in Omaha in April.
Read moreLessiter Media Introduces Podcast on Entrepreneurs
Several member companies will be featured in a new podcast series produced by Farm Equipment magazine. Listen to the introductory broadcast here.
Read moreAmong Big Winners in Tax Bill: Pass-Through Businesses
The new tax law creates a 20 percent deduction on income for pass-through entities, which are businesses in which the profits pass through to individual owners and are taxed as individual income.The deduction is subject to certain limitations.
Read moreFastline Introduces Online Equipment Price Comparisons
Fastline Media Group has released a price comparison tool on Fastline.com. The tool is the first of its kind in the ag equipment market.
Read moreA Quick Look at Other Changes in New Tax Law
In addition to the pass-through deduction, the law includes these changes that may be significant to members.
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