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AEI Newsmakers: February 2024

February 15, 2024 | Posted in Farming Practices, Technology
  • Wisconsin Battery Co. announced in December the acquisition of 17 acres in Portage, Wis...
  • The Milwaukee Business Journal published a list of the largest nonprofits in the state of Wisconsin on Feb. 9. The Assn. of Equipment Manufacturers (AEM) topped the list in annual revenues of $35.7 million...
  • AGCO’s critical upgrades to its Hesston facility went live on Jan. 1, and the company brought back the first group of employees returning from furlough in the first week of January...
  • In its Feb. 8 WASDE report update, USDA’s 2023-24 U.S. ending stocks are estimated at 2.172 billion bushels of corn (vs. consensus 2.149 billion bushels)...
  • The prospects of interest-rate cuts were clouded by a Feb. 13 Federal Reserve report that inflation remained higher than expected...
  • Hay and forage equipment manufacturer H&S Manufacturing announced the closure of its Clintonville, Wis., facility, ...
  • Canadian seeding technology manufacturer Clean Seed Capital Group Ltd. announced Feb. 7 the signing of a technology license...
  • VDMA reported German tractor registrations down 1% year-over-year in January. Registrations in the 100+ horsepower category were down 4%...
  • CEMA’s general business climate index decreased to -52 in the February survey vs. -50 last month...

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AEI Newsmakers: August 2023

August 15, 2023 | Posted in Earnings Reports
  • Global chipmakers are seeing an end to a glut of semiconductors but also forecast a slow recovery in demand.
  • Kubota Manufacturing of America Corporation (KMA) and Kubota Industrial Equipment Corporation (KIE) will merge into a single company on Jan. 1, 2024. 
  • Total employment numbers for local manufacturers, including several in the ag equipment and rural lifestyle equipment markets.
  • USDA estimated 2023-24 corn ending stocks at 2,202 billion bushels, soybeans at 245 million bushels and wheat at 615 million bushels.
  • The VDMA reported German tractor registrations down 2% year-over-year in July (up 4% year-to-date).

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AEI Newsmakers: July 2023

July 17, 2023 | Posted in Dealers & Dealerships
  • The USDA WASDE report showed 2023-24 ending stock estimates for U.S. new crops above consensus.
  • AGI SureTrack successfully defeated patent challenges brought by Farmers Edge.
  • CEMA said the general business climate index for the European ag equipment industry has deteriorated.
  • Burro has partnered with Pacific Ag Rentals (PAR) to add Burro agricultural robots to PAR’s pool of equipment.
  • AGvisorPRO has expanded its partnership with Case IH dealership Young’s Equipment.
  • CNH Industrial told Barron’s in a June 27 report that it has recently hired 500 engineers from several automakers.
  • Guardian Agriculture announced a Series A fundraiser of $20 million.
  • Horsch introduced its autonomous planter concept at the Bahia Farm Show.

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