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S3 Group Opening Production Facility in Alberta

October 19, 2023 | Posted in Ag Equipment Business

S3 Group, a manufacturer of farm equipment based in Saskatchewan, is preparing to open a production facility in Medicine Hat, Alta., with the goal of bringing domestic ag production back to Canada.

Looking Back: Farm Equipment Manufacturers and the Early 1980s Farm Crisis

September 28, 2023 | Posted in Data & Trends

Just after the Russian grain embargo in 1980, the prime lending rate soared from an average of 6.8% in 1976 to an all-time high of 21.5% in 1981 and farm debt for land and equipment purchases soared.

AgJunction Reports Revenue Dropped Over 50% in 2020

March 24, 2021 | Posted in Earnings Reports

According to its latest earnings report, total revenue in 2020 was $16.3 million compared to $39.2 million in 2019.

Kuhn’s 1H20 Revenues Decline 14%

August 15, 2020 | Posted in Earnings Reports

Kuhn Group’s order intake was a bright spot in a period when the COVID-19 pandemic created production, distribution and sales challenges that caused a dip in revenues relative to 2019.

Art's Way Manufacturing 1Q20 Revenues Increase 21.9%

April 13, 2020 | Posted in Earnings Reports

Consolidated corporate sales for the three-month period ended Feb. 29, 2020 were $5,026,000 compared to $4,124,000 during the same period in fiscal 2019, an increase of $902,000, or 21.9%. The increase in consolidated sales is due to increased sales across all three segments.

Manitou Closes Operations in France Through March 31

March 19, 2020 | Posted in Ag Equipment Business

Source: KHL.com

According to a report from KHL.com, Manitou Group has temporarily closed its facilities in France in response to the spread of COVID-19.

Art's Way Mfg. Announces 16% Revenue Growth For Fiscal 2019, New CFO

February 4, 2020 | Posted in Earnings Reports

Art's Way Mfg. Co., an international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, has announced its financial results for the fourth quarter and fiscal 2019. Consolidated net sales for continuing operations represented a 16% increase from consolidated net sales for the 2018 fiscal year.

Morris Industries Enters Creditor Protection, Plans Downsizing

January 13, 2020 | Posted in Ag Equipment Business

Source: Glacier Farm Media

Morris Industries has been granted an order by the Court of Queen’s Bench for Saskatchewan extending their stay of proceedings, enabling Morris Industries to continue with its efforts to restructure its business and financial affairs. This includes obtaining approval to solicit proposals from prospective strategic and financial parties to acquire or invest in the Morris Group.

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[Technology Corner] What are the Top 5 Applications in Autonomy Right Now?

There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.

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