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Articles Tagged with ''Deere & Co.''

Major Ag Equipment Makers Rely on Leasing to Combat Sluggish Sales

October 14, 2019 | Posted in Equipment & Equipment Sales

According to an Oct. 14 report in the Wall Street Journal, it appears Deere & Co., as well as other major manufacturers of farm machinery are once again emphasizing equipment leasing to keep sales moving.

Deere to Lay Off Workers in Illinois and Iowa; U.S. Manufacturing Slows to 2009 Levels

October 2, 2019 | Posted in Ag Equipment Business

According to several published reports, Deere & Co. will lay off more than 160 employees at two of its manufacturing facilities. The company had said earlier that it planned to reduce production at its Illinois and Iowa facilities in the second half of the year.

On the Record

[Podcast] Are Bobcat and Farmtrac Tractors Returning to the U.S.?

August 23, 2019

In this week’s podcast, we discuss two tractor lines that had disappeared from the U.S. market — Bobcat and Farmtrac — that are set to make a return. In the Technology Corner Jack Zemlicka discusses dealers' 5-year precision revenue outlook. Also in this episode, Deere & Co.'s third quarter earnings report and Cervus Equipment's second quarter earnings.

‘Weather Trumps Trade:’ Analyst Sees Shift in U.S. Ag with Rising Corn Prices

June 17, 2019 | Posted in Equipment & Equipment Sales

A rapid, meaningful shift is occurring in U.S. ag as extreme weather overshadows the Trade War. Corn has rallied sharply breaking out of a 5 year range as persistent wetness has raised supply concerns. Prices seem poised to move higher; this helps farm economics which should drive equipment demand (equipment buys reduce farmer tax liability, replacement demand is already present).

Near Term Ag Fundamentals Result in Deere’s Decision to Slow Ag Equipment Production

May 23, 2019 | Posted in Earnings Reports

Deere & Co. posted decent ag equipment sales numbers last week when it reported its second quarter fiscal year 2019 earnings, but the company said it is looking at slowing production of big ag equipment by as much as 20%.

Deere Reports 2Q19 Ag Net Sales Up 3%

May 17, 2019 | Posted in Earnings Reports

Deere & Co. reported net income of $1.135 billion for the second quarter ended April 28, 2019, compared with net income of $1.208 billion for the quarter ended April 29, 2018.

Deere & Co. Fined for Violating Air Quality Standards

April 29, 2019 | Posted in Ag Equipment Business

According to a report in the Quad City Times, Deere & Co. will pay $1 million for violating air quality standards over a roughly 13 year period at its diesel-engine testing center in Cedar Falls, Iowa.

John Deere Claims Top Spot in Brazilian Tractor Market

April 18, 2019 | Posted in Ag Equipment Worldwide

During its participation at Expodireto, a rural show held in the Northwest of the state of Rio Grande do Sul, John Deere announced that it had manufactured 13,824 wheel tractors in Brazil in 2018, reclaiming its top spot as the leader in the Brazilian market.

Manson, Iowa, K.C. Nielson Location Destroyed by Fire

April 15, 2019 | Posted in Dealers & Dealerships

Source: The Messenger

K.C. Nielsen Ltd.’s Manson, Iowa, location was destroyed by a fire Sunday, April 14. It took at least 10 local fire departments to put out the fire and the dealership was a complete loss.

Major Manufacturers Name New Personnel in South America

March 21, 2019 | Posted in Ag Equipment People, Ag Equipment Worldwide

John Deere, New Holland and Massey Ferguson recently announced several personnel changes in their South American operations.

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AGCO Reports $1.4 Billion in 2023 Tractor Revenue

New Holland Informs Dealers of Restructuring Details

Baltimore Port Closure: Tractor Imports & Exports Impacted, Deliveries Delayed

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Baltimore Port Closure to Impact High Horsepower Tractor Imports & Exports

In this episode of On the Record, brought to you by Weasler Engineering, we look at how the Port of Baltimore's closure will alter the flow of high horsepower tractors in and out of the country. In the Technology Corner, Noah Newman talks about some changes coming to drone operation regulations. Also in this episode, Kazakhstan's potential for the North American ag equipment industry and what 2024 holds for the sprayer market.

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