In 2011, the Big Dealer Report showed 22 Canadian dealers with 5 or more locations. These 22 dealer groups accounted for a total of 206 farm equipment dealerships in Canada with 234 total locations.
Cervus Equipment reported on March 12 that it finished 2014 with a 7% increase in revenues from the sale of farm machinery. Cervus, with 35 dealerships throughout western Canada, Australia and New Zealand, is one of John Deere’s largest dealer groups.
John Deere dealer group Cervus Equipment has entered into a Definitive Agreement to acquire the assets of Deer-Country Equipment (1996) Ltd., which includes its two dealerships in High River and Vulcan, Alberta.
Cervus Equipment Corporation today announced that it has completed the acquisition of the remaining 46.7% interest in Windmill AG Pty Ltd. that it did not already own.
If it isn’t a shortage of rail cars to haul grain, it’s this year’s weather itself that has given much of North American agriculture and the railroad industry an ongoing headache just getting product where it needs to be.
Cervus Equipment, John Deere’s biggest ag equipment dealer group in Western Canada, saw a 23% jump in revenues for 2013, but margin pressures pushed net profits down by 1.3% for the year.
Cervus Equipment Corp. said its revenues rose by $26.8 million, or 11.5%, during the dealer group’s third quarter, ended September 30. Overall revenue for the period was $260.8 million vs. the same timeframe in 2012.
Farm equipment sales in western Canada remained robust through the second-quarter as one of John Deere’s largest retailers of ag machinery in the region, Cervus Equipment Corp., posted record revenues for the period.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.