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Articles Tagged with ''John Deere''

Ireland Sees 54% Increase in Forage Harvester Registration; Claas Most Popular

June 18, 2019 | Posted in Ag Equipment Worldwide

Ireland has seen 54 forage harvester registrations so far in 2019, a 54% increase from the 35 registrations in 2018. Though it’s unlikely to move any higher considering the season, it shows a growing strength in Irish buying habits.

Used Tractor Market Makes Gains in UK Ahead of Brexit

June 18, 2019 | Posted in Ag Equipment Worldwide

Source: Farmers Weekly

The UK has seen an exploding used tractor market following England’s departure from the EU. Brexit’s impact on the British pound, coupled with dropping commodity prices have made a perfect environment for British farmers to purchase low-hour, high value machinery.

Deere’s May Retail Sales Mixed vs. Rest of Industry

June 13, 2019 | Posted in Equipment & Equipment Sales

Following AEM’s release of the May 2019 North American retail tractor and combine sales, John Deere announced its retail sales as they compared with the rest of the industry. Overall, Deere’s numbers were mixed vs. the rest of the ag industry.

Papé Machinery Acquires Team Power

June 4, 2019 | Posted in Mergers & Acquisitions

Source: Capital Press

Papé Machinery Agriculture & Turf, a John Deere dealership with locations in California, Washington, Oregon and Idaho, purchased Team Power, a John Deere dealership based in California. The acquisition is effective May 31, 2019.

On the Record

[Podcast] Wet Weather, Low Commodity Prices & Trade Push Dealer Sentiment Lower

May 31, 2019

In this podcast, we discuss a double-digit drop in dealer sentiment, Deere’s plans to cut production by as much as 20% at some plants, results from the 2019 Dealer-Manufacturer Relations survey and Titan Machinery’s latest earnings report. In the Technology Corner, Jack Zemlicka shares preliminary results of the 7th annual Precision Farming Dealer benchmark study.

On the Record

[Podcast] Deere Reports 2Q Revenues of $11.3 Billion

May 17, 2019

In this podcast, we report on Deere & Co.’s second quarter earnings and outlook for the remainder of the year. Publicly traded dealer groups Cervus Equipment and Rocky Mountain Dealerships both reported their first quarter results recently, and put an emphasis on moving used equipment in the quarter. CNH Industrial’s first quarter results took a hit du to unfavorable exchange rates.

Deere Reports 2Q19 Ag Net Sales Up 3%

May 17, 2019 | Posted in Earnings Reports

Deere & Co. reported net income of $1.135 billion for the second quarter ended April 28, 2019, compared with net income of $1.208 billion for the quarter ended April 29, 2018.

John Deere Claims Top Spot in Brazilian Tractor Market

April 18, 2019 | Posted in Ag Equipment Worldwide

During its participation at Expodireto, a rural show held in the Northwest of the state of Rio Grande do Sul, John Deere announced that it had manufactured 13,824 wheel tractors in Brazil in 2018, reclaiming its top spot as the leader in the Brazilian market.

Manson, Iowa, K.C. Nielson Location Destroyed by Fire

April 15, 2019 | Posted in Dealers & Dealerships

Source: The Messenger

K.C. Nielsen Ltd.’s Manson, Iowa, location was destroyed by a fire Sunday, April 14. It took at least 10 local fire departments to put out the fire and the dealership was a complete loss.

Major Manufacturers Name New Personnel in South America

March 21, 2019 | Posted in Ag Equipment People, Ag Equipment Worldwide

John Deere, New Holland and Massey Ferguson recently announced several personnel changes in their South American operations.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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