The latest episode of On the Record is now available! We hope all of our readers and viewers are staying safe during these unprecedented times. In this week’s episode we provide details on how some of the taxation and lending provisions of the CARES Act will help farm equipment dealerships. In the Technology Corner, Jack Zemlicka shares how some dealers are using remote support amid restrictions put in place because of COVID-19. Also in this episode: Titan Machinery annual revenues were up 3.5%, CNH Industrial announces management changes and Raven Industries acquires the remaining shares of Dot Technology.

Rocky Mountain Dealerships (TSX:RME), Canada's largest agriculture equipment dealer, announced an update with respect to the impact from the COVID-19 virus outbreak on its current operations.

National health protection rules and disrupted supplies of components are impacting agricultural machinery production in Europe as some factories are forced into temporary shutdowns. But parts support to dealers and end users, as well as dealer technical support, is holding up despite restricted working practices caused by the COVID-19 pandemic.

In response to a request from Borsa Italiana (the Italian Stock Exchange), CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) confirms that Hubertus Mühlhäuser resigned as CEO of CNH Industrial to pursue other interests.

The Board of CNH Industrial N.V. reached a unanimous decision and accepted the resignation of Hubertus Mühlhäuser as chief executive officer, who has left the Group with immediate effect. The Board thanked Mühlhäuser for his dedicated leadership, service and numerous contributions during his tenure.

RCI has signed a definitive agreement to acquire the Ag-Bag product line from CNH Industrial America. Ag-Bag, based in St. Nazianz, Wis., is one of the largest manufacturers ag-bagging equipment for forages and other agricultural commodities.

CNH Industrial reported third quarter consolidated revenues of $6.4 billion, a year-over-year drop of 5%. Net sales of its agricultural segment dropped 7% vs. the third quarter of 2018. The company said that industry volume deceleration coupled with an unfavorable product mix drove sales down, primarily in North America and the Rest of World regions.

CNH Industrial N.V. (NYSE: CNHI/MI: CNHI) has announced its agreement to acquire ATI Inc., a global manufacturer of rubber track systems for high horsepower tractors and combines.