Tellus Equipment Solution, one of the largest John Deere agriculture and turf dealers in North America with 21 locations in Central and South Texas, announced the promotion of Jeff Donaldson to Chief Executive Officer, effective March 1, 2021.
Construction began August 20 on a new Koenig Equipment facility in Franklin, Ind. The full-service John Deere agriculture, lawn & garden, and compact construction dealership will be relocating from its current facility on Earlywood Drive.
Cervus Equipment, one of John Deere’s largest retailers of farm machinery in Canada, reported that 2019 revenue declined 16% for the full year, driven by a 22% decrease in equipment revenue, partly offset by a 6% increase in product support revenue.
Platte Valley Equipment, a 4-store John Deere dealership in Nebraska, broke ground on a new store in Fremont, Neb., according to a report from KTIC Radio. The new facility will replace the existing Fremont location and will feature an expanded service shop, training facilities, parts department and showroom.
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In this week's episode we take a look at the latest Dealer Sentiments & Business Conditions survey, which shows used combine inventories reaching a record low. In the Technology Corner, Ben Thorpe discusses the findings of study done by the Assn. of Equipment Manufacturers, the American Soybean Assn., Crop-Life America and the National Corn Growers Assn., on the environmental benefits of precision ag technology. Also in this episode the House Ag Committee approves a $5.5B disaster aid bill that will put money in farmers' pockets, AGCO's second quarter net sales improved by double-digits and CEMA's general Business Climate Index shows European ag equipment industry sentiment dropped slightly in July.