In the midst of a downturn in the agricultural equipment market, precision farming dealers are faced with a changing landscape for technology sales, as customers become more discerning with their immediate on-farm expenditures.
Ingersoll Tillage Group (ITG) and its majority owned subsidiary, Corporacion Patricio Echeverria announced the sale of a substantial portion of ITG’s shares to ONCAP, a mid-market private equity firm, on June 1.
While it appeared that New Holland North America was finally demonstrating some stability in its top leadership ranks, apparently this wasn’t the case.
Deere & Co. will begin manufacturing agricultural equipment in Kazakhstan in 2016, according to a published report on May 11 in The Times of Central Asia and Novosti-Kazakhstan.
Shortly after Ag Equipment Intelligence’s “2015 Big Dealer Report” was sent to the printer, two more big dealers were reported and three more mergers were announced.
The adoption of high speed planting of row crops is gaining momentum worldwide, according to the manufacturers who participated in a panel discussion on the subject during the National Farm Machinery Show in Louisville, Ky., in February.
“It was a disappointing operating quarter, as tepid irrigation volumes continue to weight on the top-line earnings,” is how C. Schon Williams, analyst for BB&T Capital Markets, described Lindsay Corp.’s most recent earnings release.
Never throw away the jigs and drawings for an implement that goes out of fashion. That’s the lesson drawn from the re-introduction of a novel cultivator by British manufacturer Bomford Turner, an Alamo Group company.
The Danish owners of ag equipment manufacturer Kongskilde put up a ‘for sale’ sign for the business in March, saying it needs a strong partner or a new owner to realize its full potential.
Foton Lovol, one of China’s leading tractor and agricultural machinery manufacturers, has acquired an Italian maker of precision planters for undisclosed terms.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.