Dealer News: Financial Results from Titan

Titan Machinery Inc. recently released its financial results for the quarter ending October 31. The company reduced its used equipment inventory by $86 million, or 32 percent, during the first nine months of its fiscal year. In the agriculture segment, revenue for the third quarter was $205.5 million, compared to $211.3 million in the third quarter last year.

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Trump Narrows Field for Ag Secretary

Former Georgia Governor Sonny Perdue is President-elect Donald Trump’s likely candidate to run the U.S. Department of Agriculture, a senior member of Trump’s transition team said this week.

Perdue, a Democrat-turned-Republican who founded a grain and fertilizer business, served on Trump’s agricultural advisory committee during his campaign.

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Janzen Shares Thoughts on Ag Tech Trends

It’s been a big year in agriculture technology. Take a look at a quick-hit list of what one expert says are among the most meaningful developments and what may come next.

Attorney Todd Janzen will join us in Little Rock in April to discuss legal issues related to autonomous farm vehicles and the collection, storage, and use of on-farm data.

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Deere Agrees to Pay Whistleblower

Deere has agreed to pay a former employee $275,000 to settle a whistleblower lawsuit. The suit was brought last year by the U.S. Department of Labor on behalf of a pipe fitter who alleged he was fired in 2012 in retaliation for reporting unsafe working conditions at the Moline facility and filing a complaint with the Occupational Safety and Health Administration (OSHA).

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Rural America Makes Comeback

In its 2016 edition of Rural America at a Glance, the USDA reported a 1.3 percent increase in employment between 2013 and 2015 in rural communities. In 2015, rural median earnings rose by more than 2 percent. Median household incomes increased by 3.4 percent. And, the ratio of rural earnings to urban earnings rose from 77 percent in 2007 to nearly 84 percent in 2015.

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Member News

Ag Growth International Inc. has confirmed it closed its previously announced acquisition of Yargus Manufacturing, Inc.

Blount International, Inc. and SMA, Inc., have announced an agreement in which SMA will acquire certain assets of Blount’s TISCO aftermarket parts business.

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Watch for These Labor, Employment Rollbacks

For nearly eight years under President Barack Obama, labor and employment practitioners have been kept busy by a host of new federal policies. With the election of Donald Trump and a Republican majority in both the Senate and House of Representatives, some of these policies may not last.

Take a look at other initiatives that could change in a Trump administration.

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Dealer News

The Western Equipment Dealers Association (WEDA) announced that Larry Hertz has joined the organization as regional vice president for Canada.

The Far West Equipment Dealers Association—FWEDA—recently decided against merging with the Western Equipment Dealers Association.

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ASABE Revises, Adopts Standards

The American Society of Agricultural and Biological Engineers (ASABE) has revised ANSI/ASAE S354.6, Safety for Farmstead Equipment, to include specifications that are not covered by other ASABE safety standards and that are intended to provide a reasonable degree of personal safety during normal operation and servicing of farmstead equipment. The document was revised to include updates to the normative references.

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Association Assesses Balances of Power in Wake of State Elections

For over a decade, our Association has monitored state legislation that had the potential of affecting our members, and when needed, we have worked for changes on members’ behalf.

That process begins for us each fall as bills are pre-filed for the upcoming session, but the period following elections requires additional effort as we look for changes in the make-up of the various state legislative and executive bodies.

While we never take partisan positions, it is important to note when parties in control change. In this issue of Shortliner, we take a first look at the November 8 results.

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