Case IH Announces Return to European Trade Shows

Case IH has announced plans to attend major European agricultural shows during the remainder of 2021 and 2022 as part of the company’s program to reconnect with customers.

Kubota Purchases $5.1 Million California Property for Western Division Headquarters
According to a report from the Elk Grove Citizen, Kubota recently received approval to purchase 43.7 acres from the city of Elk Grove for $5.1 million.
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).
USDA Reports 10% of Corn Harvested
USDA reported 10% of corn crops harvested, above the 8% reported harvested by this time in 2020.

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Mergers & Acquisitions

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.
Brandt Tractor to Acquire Cervus Equipment $302 Million
In mid-August, before the market opened and ahead of reporting its second quarter earnings, Cervus Equipment announced it had agreed to be acquired by Brandt Tractor.
AGCO Acquires Precision Livestock Farming Company Faromatics
AGCO has announced it has acquired Farm Robotics and Automation S.L. (“Faromatics”), a precision livestock farming company.

Earnings Reports

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.
Raven Industries Net Sales Rise 34.3% in 2Q22
Consolidated net sales were $114.4 million, an increase of 34.3% vs. the prior year.
Titan Machinery Reports 2Q22 Earnings Up 24.4% Year-Over-Year
David Meyer, Titan Machinery's chairman and chief executive officer, stated, "Equipment demand momentum continued through our second fiscal quarter with our equipment revenues increasing 35% vs. prior year."

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

Join us as KCoe 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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Titan Machinery Revenue Up 22.% at Mid-Year

The latest episode of On the Record is now available! In this week's episode, we cover Titan Machinery's strong second quarter of fiscal year 2022, which saw revenues increase 24.4%. In the Technology Corner, Michaela Paukner shares a close look at 360 Yield Center's 360 RAIN autonomous irrigation system. Also in this episode, the Ag Economy Barometer shows farmer sentiment recovered slightly in August, Raven Industries' Senior Director of Global Sales Sarah Waltner shares some opportunities for the technology company after its acquisition by CNH Industrial closes. Finally, Ben Thorpe takes a look at the latest forecast for net cash farm income, which is estimated to be up 17% in 2021.

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.
Chicago Fed Records 35-Year Low in Farm Loan Demand Index
The index of loan demand was 63 for the second quarter of 2021; this was the lowest reading since the fourth quarter of 1986.

Case IH Announces Return to European Trade Shows

Kubota Purchases $5.1 Million California Property for Western Division Headquarters

European Ag Equipment Industry Sentiment Remains Positive

USDA Reports 10% of Corn Harvested

Mergers & Acquisitions

Raven Industries Shareholders Approve Transaction with CNH Industrial

Brandt Tractor to Acquire Cervus Equipment $302 Million

AGCO Acquires Precision Livestock Farming Company Faromatics

Earnings Reports

Exel Industries Reports 3Q21 Revenue Up 18.4%

Raven Industries Net Sales Rise 34.3% in 2Q22

Titan Machinery Reports 2Q22 Earnings Up 24.4% Year-Over-Year

Upcoming Webinar

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

Featured Video

Titan Machinery Revenue Up 22.% at Mid-Year

Data & Trends

U.S. Net Cash Farm Income Forecast to Increase 17.2% in 2021

European Ag Equipment Industry Sentiment Remains Positive

Ag Equipment Manufacturers R&D Expenses — 2011-20

KC Fed Reports Agricultural Credit Conditions Continue to Improve

Chicago Fed Records 35-Year Low in Farm Loan Demand Index

Podcasts

[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

[Podcast] On The Record: Deere Extends Autonomy Reach with Bear Flag Acquisition

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U.S. Net Cash Farm Income Forecast to Increase 17.2% in 2021

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