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Big Tractor Sales Trends Look a Lot Like Farmers’ Net Income Trends

If you read the article on farm net income that occupied this space last week, you might see a remarkable similarity to the route that big (row-crop and 4WD) tractor sales has been on the past few years. (See “Lower Expenses, Increased Value of Ag Production Projected to Improve Net Farm Income in 2019.”)

Experts Voice Concerns Amid Hemp Market Excitement
The 2018 Farm Bill addressed many issues for the world of agriculture, including the de-scheduling of hemp from the Controlled Substances Act.
AGCO to Partner with Brazil’s Solinftec for Next Step in Evolving Digital Ag Technology
The partnership Solinftec with will give AGCO customers direct access to Solinftec´s portfolio of solutions including on-board computers, weather stations, soil sensors, telemetry networks, proprietary algorithms and the real-time generation of actionable insights.
Valmont Closes Nebraska Facility Due to Flooding
Valmont Industries, the manufacturer of irrigation equipment for agriculture, reports that it has closed its Valley, Neb., manufacturing facility until at least Wednesday, March 20, as flood waters have made it unsafe for employees.

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Mergers & Acquisitions

Dana Acquires Oerlikon Drive Systems, Expands Portfolio
Dana Inc. has significantly expanded its portfolio of off-highway vehicle solutions with the completed acquisition of the automotive Drive Systems division of Oerlikon Group at the beginning of March.
AGI Takes Next Step in Growth Strategy with Acquisition of Indian Firm
Ag Growth International Inc. has announced that it has entered into binding purchase agreements to acquire 100% of the outstanding shares of Milltec Machinery Ltd. for $109.5 million.
GKN Walterscheid Unit Sold to U.S. Investor with Ties to Russian Agri-Tires Firm
The off-highways vehicle components business of GKN is being purchased by a U.S.-based private equity group that is part-owner of a Russian agricultural and industrial tire business.

Earnings Reports

Trelleborg Net Sales Up 9% for FY18
The agricultural and industrial tire business unit of Sweden’s Trelleborg Group increased sales and profitability last year as it continued to integrate CGS business and its Mitas agricultural products acquired mid-way through 2016.
Cervus Equipment Reports Ag Equipment Sales Up 11% in 2018
Cervus Equipment, one of John Deere’s largest farm equipment dealership groups, reports that its ag machinery sales for full-year 2018 rose by 11%. This was a new record for its agriculture segment, as revenues rose to $926,886 vs. $833,677 in 2017.
Carraro Group Reports 3% Increase in FY 2018
Orchard tractor and OEM drivelines manufacturer continued on its recent growth trajectory in 2018, recording a 3% increase in revenues to €624 million ($703.6 million) despite a near 6% fall in tractor sales compared to the previous year.

Webinar Replay

How to Increase the Value of Your Business

During this live webinar event, Eric Bosveld, Director of Food and Agribusiness at SDR Ventures, discusses the current conditions in the agricultural capital markets and what private business owners can do to drive the value of their business before an eventual sale.

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Deere’s Leadership Changes Point to Youth Movement

In this week’s episode of On the Record we discuss a “youth movement” among Deere & Co.’s senior leadership. In the Technology Corner, Jack Zemlicka discusses broadband barriers to telematic transformation. Also in this episode: grower sentiment falls, but USDA’s Economic Research Service reports net farm income is forecast to increase 8.1% in 2019; Alamo Group’s 2018 hit $1 billion for the first time and Ag Growth International acquires IntelliFarms.

February 2019 Tractor & Combine Analysis
U.S. farmers are persistent optimists. If that were not so, they would never risk their time, efforts and resources to produce a crop of unknown quantity to be sold in the future at an unknown price.
U.S. & Canada Tractor Sales Mixed in February; Combines Sales Remain Strong
U.S. sales of ag tractors and combines remained in the plus column for February, according to the latest sales data from the Assn. of Equipment Manufacturers (AEM).
Rising Wages Point to a Tighter U.S. Farm Labor Market
The strong U.S. economy that is putting pressure on the entire labor market by way of low employment and increased wages is also impacting every segment of agriculture.

Big Tractor Sales Trends Look a Lot Like Farmers’ Net Income Trends

Experts Voice Concerns Amid Hemp Market Excitement

AGCO to Partner with Brazil’s Solinftec for Next Step in Evolving Digital Ag Technology

Valmont Closes Nebraska Facility Due to Flooding

Mergers & Acquisitions

Dana Acquires Oerlikon Drive Systems, Expands Portfolio

AGI Takes Next Step in Growth Strategy with Acquisition of Indian Firm

GKN Walterscheid Unit Sold to U.S. Investor with Ties to Russian Agri-Tires Firm

Earnings Reports

Trelleborg Net Sales Up 9% for FY18

Cervus Equipment Reports Ag Equipment Sales Up 11% in 2018

Carraro Group Reports 3% Increase in FY 2018

Webinar Replay

How to Increase the Value of Your Business

Featured Video

Deere’s Leadership Changes Point to Youth Movement

Data & Trends

February 2019 Tractor & Combine Analysis

U.S. & Canada Tractor Sales Mixed in February; Combines Sales Remain Strong

Rising Wages Point to a Tighter U.S. Farm Labor Market

Podcasts

[Podcast] On the Record: Deere's Leadership Changes Point to Youth Movement

[Podcast] On the Record: More Leadership Changes at Case IH

[Podcast] On the Record: Ag-Pro Companies Expands Further into Ohio

Featured Products

2019 AEI Dealer Business Outlook and Trends (PDF) - Farm Equipment Forecast

2019 AEI Dealer Business Outlook and Trends - Farm Equipment Forecast

Big Shortline Report: A Listing of Specialty Ag Equipment Manufacturers (PDF)

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