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Deere’s New Strategy Focuses on ‘Smart Tech’

July 15, 2020 | Posted in Ag Equipment Business

When Sam Allen retired as chairman and CEO of Deere & Co. earlier this year, John May was named his successor. Last month May revealed the company’s new operating model, which is dubbed its “Smart Industrial” strategy.

Deere to Sell German Lawnmower Subsidiary SABO

July 6, 2020 | Posted in Ag Equipment Business

According to published reports, John Deere has signed an agreement to sell SABO Maschinenfabrik to Mutares SE & Co. The transaction is contingent on regulatory approval by the Federal Cartel Office Bundeskartellamt, Germany's national competition regulator.

Briggs & Stratton to Layoff Over 200 Employees from Wisconsin Facility

July 6, 2020 | Posted in Ag Equipment Business

According to a report from the Milwaukee Journal Sentinel, as part of the company's moving of some production to New York from its Wauwatosa, Wis., facility, 208 employees will be laid off at the end of August.

Farm Progress Show & Husker Harvest Days Cancelled for 2020

June 29, 2020 | Posted in Ag Equipment Business

Farm Progress confirmed both shows have been cancelled due to changing conditions related to the COVID-19 pandemic. In a statement, it was said the cancellations are "in the best interest of our visitors, exhibitors, partners and staff."

Briggs & Stratton to Move Wisconsin Production to New York

June 29, 2020 | Posted in Ag Equipment Business

According to a report from the Milwaukee Journal Sentinel, Briggs & Stratton plans to move some production from its Wauwatosa, Wis., facility to New York by the end of August. This includes production of its lawn tractor and residential zero-turn mower.

Deere Announces Another Buyout Program for Salaried U.S. Employees

June 25, 2020 | Posted in Ag Equipment Business

According to a report from Quad-City Times, Deere announced it has enacted another round of buyouts for its salaried U.S. employees. It was noted in the announcement that Deere could enact further reductions, including layoffs, before the buyout program comes into effect.

As COVID-19 Drags On, Equipment Manufacturers Continue to Face Significant Challenges

June 25, 2020 | Posted in Ag Equipment Business

The COVID-19 pandemic continues to take a toll on an industry that represents 12% of the U.S. manufacturing sector, according to a new survey released today by the Assn. of Equipment Manufacturers (AEM).

Deere Announces New Operating Model Focused on Unlocking Customer Value

June 17, 2020 | Posted in Ag Equipment Business

The Deere Smart Industrial strategy is designed to unlock new value for customers and to help them become more profitable and sustainable, while simultaneously revolutionizing the agriculture and construction industries through the rapid introduction of new technologies.

Briggs & Stratton Hires Restructuring Adviser

May 28, 2020 | Posted in Ag Equipment Business

Briggs & Stratton’s $195 million of unsecured bonds mature in December, and if any of them remain outstanding on Sept. 15, the company’s 2024 revolving credit line would need to be repaid immediately.

Business Changes Will Remain Post COVID-19 for Farm Equipment Dealers

May 15, 2020 | Posted in Ag Equipment Business

As “business as usual” starts to return in some form for farm equipment dealers, nearly a third of dealers say there will be “significant changes” to how they conduct day-to-day business.

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Are Farmers Becoming Less Brand Loyal?

In this week's episode we look at the preliminary results of Farm Equipment and Ag Equipment Intelligence's latest Brand Loyalty Study. Also in this episode, dealers adjust their sales forecast for 2020 and Dealer Optimism takes a huge hit in March. Rocky Mountain Dealerships reported a decline in first quarter earnings and the Kansas City Federal Reserve Bank says farm lending slowed in the first quarter. In the Technology Corner, Jack Zemlicka discusses some non ag opportunities for precision services.

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Ag Equipment Business
RSS

ARTICLES

Deere’s New Strategy Focuses on ‘Smart Tech’

Deere to Sell German Lawnmower Subsidiary SABO

Briggs & Stratton to Layoff Over 200 Employees from Wisconsin Facility

Farm Progress Show & Husker Harvest Days Cancelled for 2020

Briggs & Stratton to Move Wisconsin Production to New York

Deere Announces Another Buyout Program for Salaried U.S. Employees

As COVID-19 Drags On, Equipment Manufacturers Continue to Face Significant Challenges

Deere Announces New Operating Model Focused on Unlocking Customer Value

Briggs & Stratton Hires Restructuring Adviser

Business Changes Will Remain Post COVID-19 for Farm Equipment Dealers

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Planting Equipment, Precision Tools Prioritized by Strip-Tillers

How Close Has Deere Come to Reaching Sam Allen’s BHAG?

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Are Farmers Becoming Less Brand Loyal?

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