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Articles Tagged with ''COVID-19''

Trimble Reports 1Q20 Revenue Down 1%

May 8, 2020 | Posted in Earnings Reports

First quarter 2020 GAAP revenue of $792.3 million was down 1% as compared to the first quarter of 2019.

Titan International Reports Net Sales Down 16.8% in 1Q20

May 8, 2020 | Posted in Earnings Reports

Net sales for the first quarter of 2020 were $341.5 million, compared to net sales of $410.4 million for the first quarter of 2019, representing a $68.9 million, or 16.8%, decrease. On a constant currency basis, net sales for the first quarter 2020 would have been $354.2 million.

Alamo Group Reports 1Q20 Sales Up 20%

May 8, 2020 | Posted in Earnings Reports

The company reported record net income for the first quarter of 2020 of $15.5 million, up 1.8%. It also reached record net sales for the first quarter of 2020 of $314.4 million, up 20%.

Farmer Sentiment Continues to Drop Amid Pandemic Disruptions

May 6, 2020 | Posted in Data & Trends

Source: Purdue University, CME Group

For the second month in a row, the Purdue University-CME Group Ag Economy Barometer dropped sharply, falling 25 points in April to a reading of 96. This marks the first time the barometer has fallen below 100 since October 2016.

USDA Announces Additional Food Purchase Plans

May 5, 2020 | Posted in Commodities

U.S. Secretary of Agriculture Sonny Perdue announced details of $470 million in Section 32 food purchases to occur in the third quarter of fiscal year 2020, in addition to purchases previously announced, which will enable USDA to purchase surplus food for distribution to communities nationwide.

Deere to Halt Production at Davenport and Dubuque Facilities

May 4, 2020 | Posted in Ag Equipment Business

According to a report from Quad-City Times, Deere is planning to pause production at its Davenport and Dubuque facilities on May 11, with a plan to reopen on May 26.

Mahindra Tractor Sales Down 83% Amid National Lockdown

May 4, 2020 | Posted in Equipment & Equipment Sales

According to a report from ETAuto, Mahindra's sold 4,716 tractors in April, down 83% from the 27,495 sold in April 2019.

Titan Machinery Begins Reopening Dealership Showrooms

May 4, 2020 | Posted in Ag Equipment Business

A recent press release from the dealership group said the company had reopened some locations as of May 4 with more to follow.

Real GDP Estimated Down 4.8% in 1Q20

May 1, 2020 | Posted in Ag Equipment Business

Real gross domestic product (GDP) decreased at an annual rate of 4.8% in the first quarter of 2020, according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1%.

COVID-19 Related Labor Force Absences Significantly Impact Beef Production

April 30, 2020 | Posted in Data & Trends

Even as retail demand for beef increased in late March as consumers prepared to shelter in place, the USDA National Agricultural Statistics Service reported that beef held in cold storage at the end of March 2020 was 11% above last year and 2% above the previous month.

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[Technology Corner] Precision Farming Dealer Summit Just What the Doctor Ordered After Challenging Year

We’ve been busy over here in the Technology Corner preparing for the 10th annual Precision Farming Dealer Summit, taking place Jan. 6-7 in downtown Louisville, Ky. Skip Klinefelter, CEO of Ag Technology Solutions Group in Greenville, Ill., will be one of several speakers sharing their unfiltered perspective on the state of precision ag.

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Articles Tagged with ''COVID-19''

Trimble Reports 1Q20 Revenue Down 1%

Titan International Reports Net Sales Down 16.8% in 1Q20

Alamo Group Reports 1Q20 Sales Up 20%

Farmer Sentiment Continues to Drop Amid Pandemic Disruptions

USDA Announces Additional Food Purchase Plans

Deere to Halt Production at Davenport and Dubuque Facilities

Mahindra Tractor Sales Down 83% Amid National Lockdown

Titan Machinery Begins Reopening Dealership Showrooms

Real GDP Estimated Down 4.8% in 1Q20

COVID-19 Related Labor Force Absences Significantly Impact Beef Production

Get all things Ag Equipment Intelligence all the time!

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Current Issue

Ag Equipment Intelligence

Producer Price Index Percentage Changes — Ag Equipment & Parts Segment

‘Big 3’ Maintain Majority of Sprayer Market, but Share Slips Slightly

Major Line OEMs Weigh in on 2025

Must Read Free Eguides

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[Technology Corner] Precision Farming Dealer Summit Just What the Doctor Ordered After Challenging Year