Deere Releases Q2 Numbers

As of April 30, sales of equipment in Deere’s agriculture and turf division were down by 5 percent for the first half of the fiscal year. Comparing quarters, sales were roughly the same. A news release from Deere says that the six-month decline is largely the result of lower shipment volumes.

Read more

A Tribute to Roy Applequist, Great Plains Founder

The news that Kubota will buy Great Plains Manufacturing was big, and it rippled through the ag community, the farm equipment industry, and the community of Salina, Kansas. In a commentary that ran in the Salina Journal, Marshall Stanton, retired president of Kansas Wesleyan University, characterized the sale as a “shock” and described Great Plains as “one of Salina’s greatest points of pride.”

Read more

Farm Economy Sets Stage for Mergers

Depressed commodity prices and falling farm income are forcing mergers of ag giants, squeezing elevators, implement dealerships and manufacturers into consolidating, and winnowing the number of farmers dotting rural America.

“We talk about the mega-mergers, but acquisitions are happening across agriculture,” said Chad Hart, an Iowa State University agricultural economist. “It doesn’t matter if you’re big or small.”

Read more

Farmers Feel Squeeze From Lenders

With the farm slump moving into its third year, banks have become more cautious about approving loans to farmers, requiring some growers to offer more collateral and sometimes denying financing outright to others who need it for seeds, crop chemicals or rent.

Farmers typically take out loans in the first three months of the year before spring planting begins. But this year, growers, including some who have been turned away by their primary lenders, have been searching for financing as late as April.

Read more

Glyphosate is Unlikly Carcinogen

The pesticide glyphosate, sold by Monsanto in Roundup weed killer, is unlikely to cause cancer in people, according to a new safety review by United Nations health, agriculture and food experts.

The U.N.’s Food and Agriculture Organization (FAO) and World Health Organization (WHO) said glyphosate is “unlikely to pose a carcinogenic risk to humans” exposed to it through food.

Read more

Association Commits to Serving, Supporting Members

This issue of Shortliner is a collection of current news stories that reinforce what we have long known: These are challenging days for many in the agriculture industry.

In the context of these circumstances, the Association has doubled down on its commitment to serve members and bring value to their membership.

This single priority will frame the conversation when the Association’s Board of Directors gathers in two weeks for its summer meeting. This is one of three meetings a year in which the full board convenes. It also is the meeting in which the board approves the budget for the 2017 fiscal year and affirms our priorities for the coming year.

Read more

In Memoriam

Terry Schruth, retired president of Pepin Farm Implements, died May 19. He was 88.

Schruth was president of the family business from the mid-1960s until 1991. The harrow manufacturer is today under the ownership of the family’s fifth generation.

Read more

Purdue, CME Group Introduce Tool to Assess Ag Sentiment

Agribusiness executives have another tool to measure the health of the U.S. agriculture economy—this one seeking input from growers.

Purdue University’s Center for Commercial Agriculture, in partnership with the derivatives marketplace CME Group, have launched the Purdue/CME Group Ag Economy Barometer, a monthly economic indicator report that underscores the importance of the ag economy to the U.S. and global economies.

Read more

Spring Conference: Association Staff Eager to Hear From You

We communicate today through channels that are one step removed from personal interaction. I wonder if as we rely more on text and email, we compromise our skills to listen.

Along the same lines, with so much information available to us from digital sources, are we prone to wrongly assume that everyone is operating with the same information we are? And does that ultimately diminish the quality of our face-to-face conversations?

The Association staff and I are determined to renew our focus on listening, and we start with this newsletter.

First, I want you to know what we’ve heard recently, beginning with the Spring Conference. In visiting with a wide section of members, we learned that to reach most of you, we need to cast a wide geographic net from the upper Midwest to cities like San Antonio, Charlotte and even an occasional beach location like this year’s event in Clearwater, Fla.

Read more

Kubota to Acquire Member Company Great Plains

Kubota Corporation announced Friday that it has entered into an agreement to purchase Great Plains Manufacturing, Inc.

Roy Applequist, who founded Great Plains in 1976 and remains chairman today, will continue on the leadership team to assure a seamless transition.

“My plan is to play a significant role in helping Great Plains become a vital part of the Kubota family,” Applequist said. “Great Plains’ leadership position in the agricultural implement business has been earned by striving to do our best in satisfying our customers’ needs, and we are confident that teaming up with Kubota will allow us to continue to uphold this tradition.”

Read more

President Signs Trade Secrets Law

President Obama last week signed the Defend Trade Secrets Act, which allows companies to file suit in federal court over allegations of trade secrets theft.

Trade secret theft was already a federal crime, but without the right to sue in federal court, companies had to seek redress amid a patchwork of state laws.

Read more

DOL Reportedly Lowers Proposed Overtime Threshold

The U.S. Department of Labor is expected to lower the salary threshold in its forthcoming final rule related to overtime pay. The new threshold, $47,000, would double the current threshold.

The overtime salary threshold is the level at which virtually all salaried employees who earn that amount or less qualify for time-and-a-half pay if they work more than 40 hours in a week.

Read more

3-D Printing: Opportunity Takes Shape in Manufacturing

Start-up company Carbon3D Inc.is developing a 3-D printing method that manufacturers, including Ford Motor Co., say shows greater promise than existing methods. It’s expensive, so it’s early uses may be in customized products like parts for airplanes.

But, a startup backed by Alphabet Inc.’s Google Ventures is developing a different 3-D printing method that some manufacturers, say shows more promise. Carbon3D Inc.’s printers project light continuously through a pool of resin, gradually solidifying it onto an

Read more