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AEI Newsmakers: January 2025

January 20, 2025 | Posted in Ag Equipment Business, Ag Equipment People
  • European industry trade association CEMA reported its general business climate index increased...
  • VDMA reported German tractor registrations down 9% year-over-year in December...
  • In the UK, the Agricultural Engineers Assn. (AEA) reported 50+ horsepower tractor registrations up...
  • Deere & Co. announced another round of layoffs, effective Feb. 7, impacting 75...
  • Topcon Agriculture has announced a strategic distribution agreement with PFG America...
  • Adam Wright joined Lessiter Media as Sales Director – Ag Division. Wright spent 24 years...
  • Loftness announces the resignation of Jeff Reinhart, the company’s current chief executive officer...
  • The North American Equipment Dealers Assn. (NAEDA) announced CEO Kim Romminger will be retiring...
  • Lindsay Corp., a manufacturer and distributor of irrigation and infrastructure equipment and technology...
  • Alamo Group Inc. announced that Jeff Leonard, the company’s president and CEO, has informed the Board...

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AEI Newsmakers: December 2024

December 17, 2024 | Posted in Ag Equipment Worldwide, Data & Trends
  • CNH announced Scott Harris will assume the role of president, North America, effective Jan. 1, 2025...
  • USDA released its WASDE report on Dec. 10...
  • AGCO announced that Bob Crain, senior vice president and general manager, Grain & Protein, will retire...
  • Eduardo Urrestarazu has been appointed as the president of Agrisolutions’ global business...
  • CEAT, an RPG company and Michelin have entered into a definitive agreement for CEAT to acquire...
  • Ag Express Electronics appointed Mark McClellan as its new chief operating officer...
  • SeedMaster, the developer and manufacturer of no-till seeding technology driven by precision...
  • The Assn. of Equipment Manufacturers (AEM) and the European Agricultural Machinery Assn. (CEMA) have...

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AEI Newsmakers: October 2024

October 15, 2024 | Posted in Ag Equipment Business, Data & Trends, Dealers & Dealerships
  • USDA released its latest WASDE report on Oct. 11. JP Morgan analysts said, “We view today’s report as largely neutra...
  • According to CEMA’s survey of EU ag equipment manufacturers in October, 5% consider their current business to be...
  • VDMA reported German tractor registrations down 8% year-over-year in September (down 2% year-to-date)...
  • In the UK, the Agricultural Engineers Assn. (AEA) reported 50+ horsepower tractor registrations were down 19%...
  • John Deere announced plans on Oct. 14 to expand its John Deere Reman Core Center facility by...
  • AGCO announced layoffs at its Hesston manufacturing facility this week, following a 6% workforce reduction...
  • Texas John Deere dealer Tellus Equipment Solutions appointed Scott Miller chief executive officer...
  • On Oct. 1, Copperhead Ag announced plans to shift its sale strategy from direct to farmers...
  • Yokohama TWS appointed Elio Bartoli as its new company President, effective Dec. 1. Bartoli succeeds...

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AEI Newsmakers: August 2024

August 15, 2024 | Posted in Ag Equipment Business, Equipment & Equipment Sales
  • Doosan Robotics will merge with Doosan Bobcat by early 2025. Prior to the merger...
  • CNH announced the appointment of Ryan Schaefer as new vice president of New Holland Ag North America...
  • AGCO entered into an agreement to sell the majority of its Grain & Protein business to American Industrial Partners...
  • According to CEMA’s August survey of EU ag equipment manufacturers, 6% consider their current business... 
  • JP Morgan analysts view USDA’s Aug. 12 WASDE report as negative for U.S. farmers considering...
  • Trimble reported 2Q revenues of $870.8 million, down 12% year-over-year. For the full-year 2024...
  • Kinze announced Aug. 1 that it will be reducing its workforce. The reduction affects 193 of Kinze’s 815...
  • Alamo Group reported 2Q net sales of $416.3 million, down 5.5% year-over-year...

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AEI Newsmakers: April 2024

April 15, 2024 | Posted in Data & Trends, Dealers & Dealerships, Equipment & Equipment Sales
  • Fossil-free steel manufacturer SSAB announced April 10 that John Deere Forestry Oy will replace some of the steel...
  • Same Deutz-Fahr announced March 6 it has opened a sales branch in Santiago de Querétaro, Mexico...
  • The U.S. Department of Energy announced March 14 a conditional commitment to Lithium Americas Corp’s subsidiary, Lithium Nevada Corp., for a $2.26 billion loan...
  • Pricing lifecycle management company Zilliant announced a strategic relationship with AGCO...
  • Tire manufacturers Mitas and Trelleborg announced April 12 that, effective May 2024, they will increase global prices by up to 5%...
  • The Federal Aviation Administration recently granted Texas-based drone builder Hylio a regulatory exemption that will allow it to swarm its heavy-lift drones...
  • CEMA’s general business climate index decreased to a reading of –57 in the April survey vs. –55 last month... 
  • VDMA reported German tractor registrations down 2% year-over-year in March (flattish year-over-year in Q1)...
  • Effective April 1, José Cuadrado has been appointed global chief executive officer at Yanmar Compact Equipment...
  • In its March 11 WASDE report update, USDA’s 2023-24 ending stocks are estimated at 2.122 billion bushels of corn...

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AEI Newsmakers: March 2024

March 15, 2024 | Posted in Dealers & Dealerships, Mergers & Acquisitions
  • A Feb. 28 report from World Construction Network said Kubota had filed a patent for an audio signaling system for automated machines...
  • CNH Industrial announced March 4 a strategic alliance with Telecom Argentina to bring 4G connectivity and digital services...
  • John Deere reported that changing a 620 horsepower 9R tractor to a fully electric version would mean adding almost 60 batteries...
  • Chevron Corp. subsidiary Chevron Renewable Energy Group Inc. will close 2 U.S. biodiesel production plants amid market challenges...
  • Unverferth Manufacturing is looking to hire 45-55 additional people to support increased demand and diversification...
  • Kubota is considering making its own batteries for its ag equipment...
  • Drone, sensors and software solutions provider AgEagle Aerial Systems Inc. announced on March 7 the appointment of retired U.S. Army Major General...
  • In its March 8 WASDE report update, USDA’s 2023-24 U.S. ending stocks are estimated at 2.172 billion bushels of corn...
  • VDMA reported German tractor registrations up 2% year-over-year in February (up 1% year-to-date)...
  • CEMA’s general business climate index decreased to a reading of –55 in the March survey vs. –52 last month...    

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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...

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

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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