CNH Industrial showed a strong year-over-year sales gain in 2018. The company reported consolidated revenues of $29.7 billion for the full year, up 7% compared to 2017. Net sales of Industrial Activities were $27.8 billion for the year, up 8% vs. 2017.
New Holland dealer Roberts Farm Equipment Sales will be merging with McGavin Farm Equipment, effective June 1, 2019. Robert’s has three stores in Chesley, Lucknow and Mount Forest, Ont., and McGavin’s has one store in Walton, Ont.
AGCO reported net sales of approximately $2.6 billion for the fourth quarter of 2018, compared to net sales of approximately $2.5 billion for the fourth quarter of 2017.
Senior executives at Titan International worked during the Christmas and New Year holiday period to secure approvals for issuing stock to a co-shareholder in its Russian tire manufacturing operation to meet a settlement put option.
“The 2019 farm economy is going to be influenced by several ongoing issues. Those include the global trade war; strong U.S. and world economies; favorable 2018 weather with record crop yields; and a new farm bill covering the 2019 to 2023 crops,” says Chris Hurt, professor of agricultural economics and editor of the Purdue Agricultural Economics Report: 2019 Agricultural Outlook.
The assembly and testing plant in Bramsche, just 15 miles north of the group’s headquarters factory near Osnabruck in northern Germany, comprises a 172,200 square feet cruciform building that takes up 12 acres of the 62 acre site.
Our models consist of historic data models that track net farm income, net farm cash income, commodity prices, currency exchange rates, worldwide agricultural market data and other factors that influence the purchase of tractors and combines in the U.S.
The €20 million ($22.6 million) facility has gradually been brought into operation over recent months to handle in-flows of raw materials and components for manufacturing operations at the plant.
Hot on the heels of an $11 million deal to supply Case IH tractors and equipment to a large scale agricultural business in Ukraine, Titan Machinery is making its first move into Western Europe with the acquisition of four Case IH dealership locations in Germany.
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Precision ag pioneer Al Myers is a member of the Farm Equipment Shortline Legends Hall of Fame 2024 class. It’s been almost 35 years since the Ag Leader founder introduced the groundbreaking Yield Monitor 2000.