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Hemp Prices Set to Decline, Market Oversupply Forecast

With most farmers in the U.S. still getting into the swing of producing hemp, a price crash may be coming before many can cash out on their crops, according to HempToday. Current estimates show the U.S. market is growing 8 times more hemp for CBD than can be consumed by the market.
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Stoller International Breaks Ground on New Facility

Stoller International held a ground-breaking ceremony Sept. 20 celebrating the beginning of construction for a new facility on the north edge of this Kankakee County community. The 31,500-square-foot facility will feature a showroom, offices, repair shop and parts department, as well as an onsite storage shed. Construction is slated to be completed in the spring of 2020.
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Spinning Off On-Highway Segment is Only Part of CNHI’s Longer Term Plan

While the news that CNH Industrial plans to split the company into two distinct business segments — off-highway and on-highway — garnered the most attention, its ambitions for its agricultural segment will bear close watching for Ag Equipment Intelligence readers. Off-highway will include the company’s ag, construction and specialty vehicle business. The on-highway company will be comprised of its trucking, commercial buses and vehicles and powertrain operations.
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CNHI to Separate 'On-Highway' and 'Off-Highway' Assets, Acquires AgDNA

Under the ‘Transform 2 Win’ strategy, CNH Industrial will reduce operating costs and increase the efficiency of its asset base through targeted restructuring actions and other charges condensed into an efficiency program and certain other initiatives including the 80/20 simplification process, initiated in Q4 2018. Full implementation is expected by the end of 2022. Pre-tax charges associated with this efficiency program in the remainder of 2019 and through 2022 are expected to be between $450 and $500 million.
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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.
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