For the year ended Dec. 31, 2020, revenue of Kubota Corporation and its subsidiaries decreased by $630 million or 3.5% from the prior year to $17.6 billion.
Kubota, a major farm equipment manufacturer based in Japan, will be working with U.S. chipmaker Nvidia to continue its development of self-driving tractors, according to an Oct. 7 report in Nikkei Asia.
With this settlement, AgJunction and Kubota reached a mutually agreeable business resolution that resulted in the dismissal of the lawsuit and all counterclaims.
For the six months ended June 30, 2020, revenue of Kubota Corporation and its subsidiaries (hereinafter, the “Company”) decreased by ¥86.7 billion or $820 million (–8.9%) from the same period in the prior year to ¥884.2 billion ($8.4 billion).
For the three months ended March 31, 2020, revenue of Kubota Corporation and its subsidiaries decreased by ¥41.2 billion ($380 million) or 8.6% from the same period in the prior year to ¥439.5 billion ($4.1 billion).
According to a report from Global Atlanta, Kubota has closed its two manufacturing plants in Georgia through April 13, located in Gainesville and Jefferson. The plants will be disinfected following 3 of Kubota's employees being diagnosed with COVID-19.
The Kubota certification ranking for Dealer Management Systems is based on multiple factors that include timely development and deployment of each Kubota project, a technically sound and secure integration solution, an intuitive design that assures easy user adoption and finally by measured usage of the integration project by the dealer community.
In this episode we discuss Deere & Co.'s 4Q earnings, along with the company's recent announcement about voluntary employee buyouts. In the Technology Corner, Jack Zemlicka talks about one dealership's take on precision specialist training. Also in this episode, the latest earnings reports from Titan Machinery and Kubota, a comparison between European and North American farm equipment distribution and a look at regenerative agriculture trends.
The foundation Elliff Motors has built is about to go even deeper with the addition of a new, $800,000 facility the family is building to sell and service a full line of Kubota tractors and construction equipment.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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