In this position, Rourke is responsible for the overall leadership and strategic direction of Vermeer products and services for the agricultural market, including balers, bale processors, bale wrappers, mowers, rakes, tedders and vertical mixers.
Data from the Brazilian Assn. of Industries of Machine and Equipment (Abimaq) estimates the country would end the year with a 40% hike in sales of agricultural machinery when compared to the previous year.
Clayton, Dubilier & Rice ("CD&R") today announced an agreement under which CD&R will acquire John Deere Landscapes ("JDL"), a unit of Deere & Company's (NYSE:DE) Agriculture & Turf segment. Deere will initially retain a 40% ownership stake in the new standalone company. The carve-out transaction is valued at approximately $465 million.
USDA's issued its Prospective Plantings report last Thursday and it got the attention of most industry observers as it projected the most acreage planted to corn in 75 years. At the same time, it forecast that soybean and wheat acres would slip below 2011 plantings.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk to a Solectrac executive about the company's search for a new investor. In the Technology Corner, Noah Newman talks about the majors' growing presence in the precision retrofit market.