RCI has signed a definitive agreement to acquire the Ag-Bag product line from CNH Industrial America. Ag-Bag, based in St. Nazianz, Wis., is one of the largest manufacturers ag-bagging equipment for forages and other agricultural commodities.

CNH Industrial reported third quarter consolidated revenues of $6.4 billion, a year-over-year drop of 5%. Net sales of its agricultural segment dropped 7% vs. the third quarter of 2018. The company said that industry volume deceleration coupled with an unfavorable product mix drove sales down, primarily in North America and the Rest of World regions.

CNH Industrial N.V. (NYSE: CNHI/MI: CNHI) has announced its agreement to acquire ATI Inc., a global manufacturer of rubber track systems for high horsepower tractors and combines.

DataConnect is the first direct, manufacturer-independent solution that enables the seamless, automatic and real-time exchange of machine data between the various machine brand platforms, including John Deere, Claas, CNH Industrial and 356FarmNet as part of the initiative.

According to an Oct. 14 report in the Wall Street Journal, it appears Deere & Co., as well as other major manufacturers of farm machinery are once again emphasizing equipment leasing to keep sales moving.

In this week’s podcast, we look at the second quarter earnings reports for several dealers and manufacturers, including AGCO, Rocky Mountain Dealerships and CNH Industrial. In the Technology Corner, Jack Zemlicka shares how transitioning to smaller, autonomous implements will require a substantial shift for manufacturers and dealers, with cost-savings being the driving factor. We also discuss the rising Ag Economy Barometer, bringing a more optimistic perspective on farmland values and influencing decisions on large equipment. Also, in this episode, we break down the 2019 Market Facilitation Program, and we discuss the on-going battle over North Dakota’s ‘Dealers Bill of Rights’.

A 21% increase in exports from Turkey’s biggest tractor-making enterprise last year was compensation for a 53% plunge in domestic sales as challenging market conditions discouraged farmers from investing in new power units.