S3 Group, a manufacturer of farm equipment based in Saskatchewan, is preparing to open a production facility in Medicine Hat, Alta., with the goal of bringing domestic ag production back to Canada.
Just after the Russian grain embargo in 1980, the prime lending rate soared from an average of 6.8% in 1976 to an all-time high of 21.5% in 1981 and farm debt for land and equipment purchases soared.
Kuhn Group’s order intake was a bright spot in a period when the COVID-19 pandemic created production, distribution and sales challenges that caused a dip in revenues relative to 2019.
Consolidated corporate sales for the three-month period ended Feb. 29, 2020 were $5,026,000 compared to $4,124,000 during the same period in fiscal 2019, an increase of $902,000, or 21.9%. The increase in consolidated sales is due to increased sales across all three segments.
Art's Way Mfg. Co., an international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, has announced its financial results for the fourth quarter and fiscal 2019. Consolidated net sales for continuing operations represented a 16% increase from consolidated net sales for the 2018 fiscal year.
Morris Industries has been granted an order by the Court of Queen’s Bench for Saskatchewan extending their stay of proceedings, enabling Morris Industries to continue with its efforts to restructure its business and financial affairs. This includes obtaining approval to solicit proposals from prospective strategic and financial parties to acquire or invest in the Morris Group.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.