With significant capacity for machine production and 5 acres for testing, this new facility is positioned to be the central campus for precision and autonomous agriculture innovation, training and service for Raven Canada.
The company reported consolidated net sales for the first quarter of fiscal 2021 were $86.5 million, down 11.9% vs. the first quarter of fiscal 2020. All three operating divisions faced significant challenges related to the pandemic throughout the last two months in the first quarter.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Howard Buffett talks about getting tractors and combines to Ukrainian farmers. In the Technology Corner, Noah Newman examines how the 360 Rain system boosts yields by over 65 bushels per acre. Also in this episode, the potential peak for large ag equipment sales, layoffs at Hutson Inc., 'Made in USA' equipment influence and AGCO's latest earnings report.