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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...

Farm Equipment Manufacturers Could See Relief in Materials & Components

November 15, 2023 | Posted in Ag Equipment Worldwide, Chinese Ag Machinery Market

According to the Nov. 12 Wall Street Journal, prices of goods shipped from China have fallen around 20% this year, according to Dutch bank ABN AMRO.

AEI Newsmakers: October 2023

October 15, 2023 | Posted in Ag Equipment Business, Ag Equipment People, Ag Equipment Worldwide

VDMA reported German tractor registrations down 13% year-over-year in September (up 2% year-to-date).
Sarah Porter and Kathryn Sorensen demystified water concerns in Arizona in their Oct. 7 Wall Street Journal article.
Indian tractor manufacturer VST Tillers Tractors is looking for more collaborations with manufacturers.
According to a recent report from Horsch’s customer magazine terraHORSCH, China accounts for 18% of the world’s population but only 9% of global arable land.
LS Mtron recently announced its Land Solution partnership with Korean ag equipment manufacturer Woongjin Machinery.
According to CEMA, an industry trade association, the general business climate index for the European ag equipment industry has again fallen month-over-month.
In its Oct. 12 WASDE report, USDA reported a 2023-24 U.S. corn outlook of reduced supplies.
CNH Industrial announced Oct. 12 it had completed its acquisition of satellite positioning technology provider Hemisphere GNSS

John Deere to Market Satellite Service to Farmers in 2024

May 15, 2023

John Deere will be offering some U.S. and Brazilian farmers the chance to access Deere’s own satellite network for improved connectivity by the end of 2024, according to a May 1 report from the Wall Street Journal.

AEI Newsmakers: April 2023

April 15, 2023 | Posted in Ag Equipment Business, Mergers & Acquisitions

Tarter Farm and Ranch Equipment Acquired by Platinum Equity, Partners with Yanmar
CNHI Looking for ‘1 or 2 Transformational Investments’
Nokian Tyres Sells Russian Operations
Mahindra Acquires Orchard Sprayer Manufacturer, Launches New Tractor Brand
USDA WASDE: Corn Imports Down, Soybeans Unchanged
California Lifts Drought Limits
CEMA Business Climate Index Down in April

AEI Newsmakers: Mar. 2023

March 15, 2023 | Posted in Dealers & Dealerships

Kubota to Explore Right to Repair MOU with Farm Bureau
Caterpillar & UAW Reach Tentative Labor Agreement
John Deere Sells Russian Financial Branch
CNHI Acquires Augmenta, Majority Stake in Bennamann
John Deere Targets Laid Off Tech Employees
Tractor Registrations Up in Germany, Down in UK in February

Deere Aiming for 10% of Revenue From Software Fees by 2030

September 14, 2022 | Posted in Ag Equipment Business

According to a Sept. 11 article from the Wall Street Journal, John Deere CEO John May said the company will generate 10% of its annual income from software fees by 2030.

From the Desk of Dave Kanicki

Are the burger makers taking their lead from the farm equipment makers?

By Dave Kanicki posted on May 25, 2012

Are the burger makers taking their lead from the farm equipment makers? Probably not, but it's interesting to read about both sides of the debate when it comes to multi-store locations.

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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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