Deere Fails to Reach Agreement with UAW, Workers Strike at 14 Plants

Deere failed to reach an agreement with its workers and the UAW on a new labor agreement, resulting in 10,000 workers going on strike — the first time Deere employees have gone on strike in 35 years.

Kubota in Europe Forges Alliance with Loader Maker MX
As a result of a successful commercial relationship, Kubota’s European operation has forged a closer alliance with one of the region’s leading tractor loader manufacturers to streamline order processes and logistics, and encourage sales of tractor/loader combinations.
CNH Industrial Announces Temporary Plant Shutdowns in Europe
Citing ongoing disruptions to the procurement environment and shortages of core components, especially semiconductors, CNH Industrial announced it is temporarily shutting down several European manufacturing facilities.
September 2021 Tractor & Combine Analysis
Our data base for tractor retail sales and field inventory is derived from AEM’s monthly Flash Reports.

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Mergers & Acquisitions

Stoll Tractor Loader Maker Acquired by Ag Engineering Group
The German manufacturer of Stoll tractor loaders has been sold by its private equity owners to automotive and agricultural engineering group Agrostroj.
Danfoss Completes Eaton Hydraulics Acquisition
It has been a while since Danfoss announced its plans for the $3.3 billion acquisition of the Eaton Hydraulics business in January 2020 but the Danish company has finally completed the deal having received confirmation of all necessary regulatory approvals and closing conditions.
Raven Industries Shareholders Approve Transaction with CNH Industrial
Raven Industries has announced that, at a special meeting held on Sept. 15, 2021, its shareholders voted strongly to approve the pending transaction with CNH Industrial.

Earnings Reports

Art's-Way Manufacturing Announces Second Straight Profitable Quarter
Consolidated corporate sales for the three- and nine-month periods ended Aug. 31, 2021 were $6,592,000 and $17,703,000, respectively, compared to $6,465,000 and $16,937,000 during the same respective periods in fiscal 2020.
Kuhn Challenged to Meet Exceptional Demand for Ag Equipment
Difficulties in supply chain, logistics and personnel recruitment have made it challenging for ag equipment manufacturers to meet high demand, not least at Kuhn where order intake through the first six months of the year was almost 50% up on the equivalent period in 2020.
Exel Industries Reports 3Q21 Revenue Up 18.4%
With revenue of $249.2 million and growth of $46.1 million (up 18.4%), the third quarter 2021 confirms the positive momentum of the first two quarters.

Webinar Replay

A Close Look at the 'Gray Areas' of Tax & Accounting Changes

K•Coe experts Marc Johnson and Clinton Baker provide clarity and finality stemming from the latest tax and accounting changes, pending changes, and legislative landscape.

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Deere Workers Strike for First Time in More Than 30 Years

In this week's episode we take a first look at the UAW strike at 14 of Deere's U.S. facilities. In the Technology Corner, Michaela Paukner examines Kubota's planned acquisition of AgJunction for $72.8 million. Also in this episode, California Gov. Gavin Newsom has signed a bill that will ban gas-powered small-off road engines. Ben Thorpe reports on dealers early orders heading into 2022, based on the results of Ag Equipment Intelligence's Dealer Business Outlook & Trends report. Art's Way reported its second straight profitable quarter, and saw Agriculture Products segment sales for the third quarter improve by 27% vs. last year.

Farmer Sentiment, Capital Investment Index Decline in September
Sentiment among agricultural producers weakened in September as the Ag Economy Barometer declined 14 points to a reading of 124. This is the weakest farmer sentiment reading since July 2020 when the index stood at 118.
European Ag Equipment Industry Sentiment Remains Positive
The Business Climate Index for the Agricultural Machinery Industry in Europe seems to have reached its peak in the months of May and June (with the highest levels since 2008).
Ag Equipment Manufacturers R&D Expenses — 2011-20
In our most recent list, Ag Equipment Intelligence has gathered financial data from the filings of the ag industry’s key publicly-traded manufacturers and compiled its own list of these companies’ research and development expenses.
KC Fed Reports Agricultural Credit Conditions Continue to Improve
Similar to recent quarters, farm loan repayment rates increased at a rapid pace and loan demand remained subdued.

Deere Fails to Reach Agreement with UAW, Workers Strike at 14 Plants

Kubota in Europe Forges Alliance with Loader Maker MX

CNH Industrial Announces Temporary Plant Shutdowns in Europe

September 2021 Tractor & Combine Analysis

Mergers & Acquisitions

Stoll Tractor Loader Maker Acquired by Ag Engineering Group

Danfoss Completes Eaton Hydraulics Acquisition

Raven Industries Shareholders Approve Transaction with CNH Industrial

Earnings Reports

Art's-Way Manufacturing Announces Second Straight Profitable Quarter

Kuhn Challenged to Meet Exceptional Demand for Ag Equipment

Exel Industries Reports 3Q21 Revenue Up 18.4%

Webinar Replay

A Close Look at the 'Gray Areas' of Tax & Accounting Changes

Featured Video

Deere Workers Strike for First Time in More Than 30 Years

Data & Trends

Farmer Sentiment, Capital Investment Index Decline in September

Farmer Sentiment, Capital Investment Index Decline in September

European Ag Equipment Industry Sentiment Remains Positive

Ag Equipment Manufacturers R&D Expenses — 2011-20

KC Fed Reports Agricultural Credit Conditions Continue to Improve

Podcasts

[Podcast] On The Record: Dealers Report Price Increases as High as 22%

[Podcast] On The Record: Titan Machinery Revenue Up 22.% at Mid-Year

[Podcast] On The Record: Cervus Reports Record 2Q and Acquisition by Brandt Tractor

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2021 Big Dealer Report and Big Dealer Map (Bundle)

2021 Big Dealer Report (PDF)

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Farmer Sentiment, Capital Investment Index Decline in September

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