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Kubota Falls to Bottom of Main Line Manufacturers in Dealer-Manufacturer Relations Report

According to results from the 2021 Equipment Dealers Assn. Dealer-Manufacturer Relations Report, Kubota has received its lowest overall rating from its dealers in the last 8 years, making it the lowest-rated full-line manufacturer in this year’s report.

Precision Planting Agrees To Acquire Headsight Business
Precision Planting, LLC a subsidiary of AGCO Corporation (NYSE: AGCO), a provider of precision ag technologies to help make farmers smarter every season, announced an agreement to acquire the business and assets of Headsight, Inc. (Headsight), a precision agriculture harvesting solution company
USDA Reports 91% of Corn Crops Silking in the U.S.
USDA has reported some 91% of corn crops silking, in line with the 91% reported silking in the same week last year. The 5-year average for corn silking in the week was 86%.
Manure Injector Manufacturer Bazooka Farmstar Expands Manufacturing Plant
According to a report from KCII Radio, manure injector and auger manufacturer Bazooka Farmstar has begun a 37,500 square foot expansion to its Washington, Iowa, facility.

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Mergers & Acquisitions

Precision Planting Agrees To Acquire Headsight Business
Precision Planting, LLC a subsidiary of AGCO Corporation (NYSE: AGCO), a provider of precision ag technologies to help make farmers smarter every season, announced an agreement to acquire the business and assets of Headsight, Inc. (Headsight), a precision agriculture harvesting solution company
French Seed Drill Manufacturer Burel Group Acquires Italian Harrow Manufacturer
On July 1, 2021, the Burel Group acquired a majority stake in Frandent Group, a company based in Osasco, Italy that designs and produces agricultural machinery.
Telus Agriculture and Rabobank Acquire Conservis
Rabobank, the global food and agriculture bank, and TELUS Agriculture, global agriculture technology leader, have acquired Conservis, a company that integrates disparate farm technologies into one streamlined interface to manage the business of farming.

Earnings Reports

CNHI Reports 2Q21 Ag Revenues Increased 56%
CNH Industrial reported a strong second quarter performance, including consolidated revenues of $8.9 billion (up 60% compared to Q2 2020) and net income of $699 million.
Titan International Reports 2Q 2021 Net Sales Up 53%
Titan International reported its 2021 second quarter net sales were $438.6 million, a $152.5 million (53.3%) year-over-year increase, the highest quarterly sales since 2014.
AGCO Reports 2Q21 Sales Increase 43.5%
AGCO reported its results for the second quarter ended June 30, 2021. Net sales for the second quarter were approximately $2.9 billion, an increase of approximately 43.5% compared to the second quarter of 2020.

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Join experts Marc Johnson and Chris Haverkamp as they break down this past year’s fluctuating markets and how dealers can prepare for what’s to come.

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Used Combine Inventories Continue to Drop

In this week's episode we take a look at the latest Dealer Sentiments & Business Conditions survey, which shows used combine inventories reaching a record low. In the Technology Corner, Ben Thorpe discusses the findings of study done by the Assn. of Equipment Manufacturers, the American Soybean Assn., Crop-Life America and the National Corn Growers Assn., on the environmental benefits of precision ag technology. Also in this episode the House Ag Committee approves a $5.5B disaster aid bill that will put money in farmers' pockets, AGCO's second quarter net sales improved by double-digits and CEMA's general Business Climate Index shows European ag equipment industry sentiment dropped slightly in July.

European Ag Equipment Industry Sentiment Down Slightly in July
CEMA's general Business Climate Index for the Agricultural Machinery Industry in Europe seems to have reached its peak with the past two months.
Big Ag Sales Robust, Inventories Down
Growth rates remained solid in June, though growth moderated sequentially on much tougher comps for large ag, said Analyst with RW Baird Mircea “Mig” Dobre in a recent note.
Mid-Year 2021 Tractor & Combine Sales — U.S. & Canada
Following last year’s challenges, the first half of 2021 saw increases in all categories of U.S. and Canadian farm equipment sales.
Ukraine Tractor Production Down 75% Since 2017, Nearing ‘Extinction’
According to analysis from Yaroslav Navrotsky, Ph.D. at the Ukrainian Department of Investment and Logistics of the National Research Center Institute of Agrarian Economics, tractor production in Ukraine has decreased noticeably over the last 4 years.

Kubota Falls to Bottom of Main Line Manufacturers in Dealer-Manufacturer Relations Report

Precision Planting Agrees To Acquire Headsight Business

USDA Reports 91% of Corn Crops Silking in the U.S.

Manure Injector Manufacturer Bazooka Farmstar Expands Manufacturing Plant

Mergers & Acquisitions

Precision Planting Agrees To Acquire Headsight Business

French Seed Drill Manufacturer Burel Group Acquires Italian Harrow Manufacturer

Telus Agriculture and Rabobank Acquire Conservis

Earnings Reports

CNHI Reports 2Q21 Ag Revenues Increased 56%

Titan International Reports 2Q 2021 Net Sales Up 53%

AGCO Reports 2Q21 Sales Increase 43.5%

Upcoming Webinar

What the Heck-onomics is going on?

Featured Video

Used Combine Inventories Continue to Drop

Data & Trends

Big Ag Sales Robust, Inventories Down

European Ag Equipment Industry Sentiment Down Slightly in July

Big Ag Sales Robust, Inventories Down

Mid-Year 2021 Tractor & Combine Sales — U.S. & Canada

Ukraine Tractor Production Down 75% Since 2017, Nearing ‘Extinction’

Podcasts

[Podcast] On The Record: Used Combine Inventories Continue to Drop

[Podcast] On The Record: Biden's Executive Order Keeps Right to Repair in the Spotlight

[Podcast] On The Record: Louisiana Governor Signs Bill to Strengthen Dealer Buyback Laws

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Big Ag Sales Robust, Inventories Down

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