According to several published reports, Deere & Co. will lay off more than 160 employees at two of its manufacturing facilities. The company had said earlier that it planned to reduce production at its Illinois and Iowa facilities in the second half of the year.
Headquartered in Eldora, Iowa, USM is widely recognized as the leading manufacturer of long-lasting hammer mill components available to both OEMs and the after-market. The terms of the transaction were not disclosed.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, PFG America CEO Daniel Cook discusses the company's goals for expanding Deutz-Fahr's North American presence. In the Technology Corner, Noah Newman hits the technology highlights of the 2024 National Farm Machinery Show. Also in this episode, CNH Industrial reports $18.1 billion in 2023 ag sales, fewer dealers plan to build brand new dealerships and Deere dealers' inventory levels are rising.