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AgJunction Inc. Announces Shareholder Approval of Plan of Arrangement

November 29, 2021 | Posted in Mergers & Acquisitions

AgJunction Inc. announced that today at its special meeting of the shareholders, the shareholders of AgJunction passed a special resolution approving a statutory arrangement pursuant to Section 193 of the Business Corporations Act (Alberta), pursuant to which Kubota Canada Ltd., a wholly-owned subsidiary of Kubota Corporation will acquire all outstanding common shares of AgJunction for cash consideration of CAD $0.75 per AgJunction Share.

USDA Reports 95% Corn, 96% Soybeans Harvested

November 22, 2021 | Posted in Commodities

Harvest appears nearing completion for most staple row crops.

Kubota to Increase Holding in Indian Tractor Manufacturer Escorts

November 18, 2021 | Posted in Ag Equipment Worldwide

Kubota Corporation has announced that Kubota and the Indian tractor manufacturer Escorts Limited have reached an agreement under which Kubota will increase its shareholding in Escorts by means of subscription to third-party preferential primary share allotment and open offer bid.

Ohio Ag Equipment to Expand Claas Brand Throughout Ohio

November 18, 2021 | Posted in Dealers & Dealerships

Ohio Ag Equipment has expanded its brand lineup at 3 of its locations to now include Claas combines.

Mahindra Takes Control of Ag Equipment Operations in South Africa

November 17, 2021 | Posted in Ag Equipment Worldwide

A recent report from Zawya stated Mahindra will officially take control of its ag equipment distribution and operations in South Africa, after having operated in South Africa since 2019 via "regional resellers."

Monarch Tractor Secures $61M in Series B Funding

November 17, 2021 | Posted in Technology

Monarch Tractor announced the successful completion of a $61 million Series B funding round led by Astanor Ventures, one of the world’s leading sustainable food venture firms, with additional individual and independent contributions from CNH Industrial, At One Ventures and Trimble Ventures.

Titan Machinery Highlights Improvements During Baird 2021 Industrial Conference

November 16, 2021 | Posted in Dealers & Dealerships

Titan's operational improvements ranged from inventory management, cost reductions, footprint consolidation to a growing parts & service business resulting in near record profitability on mid-cycle sales levels.

2022 Annual Tractor and Combine Retail Sales Forecast

By Charlie Glass posted on November 16, 2021 | Posted in Analysis & Commentary

Our forecasting models are suggesting that 2WD tractors with 100+ horsepower will have a solid improvement over the 2021 levels in the coming year.

AGCO Continues to Separate Massey Ferguson & Fendt Dealer Networks in Europe

November 15, 2021 | Posted in Analysis & Commentary

While John Deere’s policy of sacking what they see as under-performing or less ambitious dealers in favor of enlarging the territories of those regarded as more capable and committed ones, AGCO’s Route 66 policy is a little more benign as managers seek to separate Massey Ferguson, Fendt and Valtra distribution channels.

USDA Reports 84% of Corn, 87% of Soybeans Harvested

November 15, 2021 | Posted in Commodities

USDA's crop progress report for the week ended Nov. 7 reported 84% of corn crops harvested, below the 90% reported harvested by this time in 2020.

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Survey Shows Lower December Equipment Sales Likely

In this episode, we dig into some of the results of survey Ag Equipment Intelligence conducted Nov. 15-17 on farmers year-end tax plans and dealers' forecasts for December revenues. Also in the episode: After 5 weeks the Deere-UAW strike has come to an end and Buhler, manufacturer of the Versatile and Farm King brands of equipment, reports its fourth quarter revenues dropped. In the Technology Corner, Michalea Paukner looks at the timeline of how autonomous ag equipment has progressed.

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