Agri-Service, an AGCO dealer serving Idaho, Washington, Oregon and Wyoming, has acquired Deer Park Farm Center, Diesel & Machine and Walla Walla Farm Center.
The transaction will be funded with cash on hand and is expected to be immediately accretive to earnings, with Year 1 revenue of approximately U.S. $45 million.
Nearly three-fourths of respondents said they view this as a bad time to make large investments in their farm operation while just 16% of producers this month said it’s a good time to make investments.
Indian tractor manufacturer TAFE (Tractors and Farm Equipment Limited) has announced an investment in a new research & development center, TAFE Advanced AG Solutions, in Telford, UK.
Operating income for the quarter was $27 million, a decrease of $8.2 million, or 23%, compared to operating income of $35.2 million in the prior year third quarter.
Kenn-Feld Group and TTG Equipment will merge as TRULAND Equipment, the CEOs of the two companies announced Wednesday. The equal merger of the two John Deere Dealer groups is scheduled to occur on Aug. 21, 2023.
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Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.