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AEI Newsmakers: July 2024

July 15, 2024 | Posted in Ag Equipment Business, Dealers & Dealerships, Mergers & Acquisitions

CamoAg, a provider of agricultural data solutions, and Fusable,...
John Schmeiser will no longer be serving as chief operating officer of NAEDA...
For the second quarter ended May 31, 2024, Art’s Way Agricultural Products segment sales...
Leon’s Mfg. has entered receivership. Ernst & Young has been named the appointed receiver for the case....
Coldwell Banker Commercial Realty announced the $7 million sale of a 234-acre undeveloped parce...
J.P. Morgan analysts view the USDA’s latest 2024-25 and 2023-24 global supply and demand estimates....
“We view today’s report as positive for U.S. corn and soybean farmers to the extent lower new crop...

AEI Newsmakers: February 2024

February 15, 2024 | Posted in Farming Practices, Technology

Wisconsin Battery Co. announced in December the acquisition of 17 acres in Portage, Wis...
The Milwaukee Business Journal published a list of the largest nonprofits in the state of Wisconsin on Feb. 9. The Assn. of Equipment Manufacturers (AEM) topped the list in annual revenues of $35.7 million...
AGCO’s critical upgrades to its Hesston facility went live on Jan. 1, and the company brought back the first group of employees returning from furlough in the first week of January...
In its Feb. 8 WASDE report update, USDA’s 2023-24 U.S. ending stocks are estimated at 2.172 billion bushels of corn (vs. consensus 2.149 billion bushels)...
The prospects of interest-rate cuts were clouded by a Feb. 13 Federal Reserve report that inflation remained higher than expected...
Hay and forage equipment manufacturer H&S Manufacturing announced the closure of its Clintonville, Wis., facility, ...
Canadian seeding technology manufacturer Clean Seed Capital Group Ltd. announced Feb. 7 the signing of a technology license...
VDMA reported German tractor registrations down 1% year-over-year in January. Registrations in the 100+ horsepower category were down 4%...
CEMA’s general business climate index decreased to -52 in the February survey vs. -50 last month...

AEI Newsmakers: August 2023

August 15, 2023 | Posted in Earnings Reports

Global chipmakers are seeing an end to a glut of semiconductors but also forecast a slow recovery in demand.
Kubota Manufacturing of America Corporation (KMA) and Kubota Industrial Equipment Corporation (KIE) will merge into a single company on Jan. 1, 2024.
Total employment numbers for local manufacturers, including several in the ag equipment and rural lifestyle equipment markets.
USDA estimated 2023-24 corn ending stocks at 2,202 billion bushels, soybeans at 245 million bushels and wheat at 615 million bushels.
The VDMA reported German tractor registrations down 2% year-over-year in July (up 4% year-to-date).

AEI Newsmakers: July 2023

July 17, 2023 | Posted in Dealers & Dealerships

The USDA WASDE report showed 2023-24 ending stock estimates for U.S. new crops above consensus.
AGI SureTrack successfully defeated patent challenges brought by Farmers Edge.
CEMA said the general business climate index for the European ag equipment industry has deteriorated.
Burro has partnered with Pacific Ag Rentals (PAR) to add Burro agricultural robots to PAR’s pool of equipment.
AGvisorPRO has expanded its partnership with Case IH dealership Young’s Equipment.
CNH Industrial told Barron’s in a June 27 report that it has recently hired 500 engineers from several automakers.
Guardian Agriculture announced a Series A fundraiser of $20 million.
Horsch introduced its autonomous planter concept at the Bahia Farm Show.

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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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