Deere & Co.'s DE -4.71% fiscal second-quarter earnings rose 2.7%, but the company whittled its sales outlook for the year amid concerns that cool, wet weather in the U.S. will hamper this year's farm crop and hold down demand for farm machinery.
Ag-Pro Companies of Boston, Georgia acquires GreenSouth Equipment of Thomasville, GA and its 13 John Deere dealerships in Georgia, Florida, and South Carolina. As a result of this acquisition, Ag-Pro will become one of the largest John Deere dealers in the United States with a total of 25 locations across four states.
According to published reports, the John Deere dealer in Gaston, N.C., Briley's Lawn and Leisure, will shutter the store in the near future. The owner, Betty Briley, said it wasn't her choice to close down.
RDO Equipment plans a grand opening noon to 2 p.m. Thursday at its new location, 1340 W. Beach St. "We doubled our space," said Craig Kleindl, general manager for Watsonville and Salinas.
I'm not sure dealers in North America will find much comfort in knowing that the situation between farm equipment dealers and their mainline suppliers here isn't very different from that of their German colleagues. Or that ag machinery dealers are facing very similar challenges to the retailers of automobiles and other equipment. But sometimes it's interesting to know.
Sydenstricker Implement Co. celebrated 69 years as a family owned and operated business with the grand opening of its new facility in Mexico, Mo., in January. More than 2,000 people attended the event.
Gary Dible, operations manager for 21st Century Equipment, sent along photos from several modernization and expansion projects that the Kansas-Nebraska-Colorado John Deere dealership group has finished or which are in process. Among these, Dible lists:
J D Equipment recently presented a check for $28,000 to the Stefanie Spielman Fund for Breast Cancer Research on board the annual Buckeye Cruise for Cancer this past February. This was J D's second year presenting a check to the Spielman Fund on the Buckeye Cruise. The $28,000 they donated was raised during their annual fundraiser based on sales of new John Deere Select Series lawn tractors. They were happy to increase their 2012 donation from their 2011 total of $26,000.
KZValve, a Manufacturer of Motorized Valves and Controls, announced today its selection as a recipient of a John Deere supplier innovation award for 2012. The award is presented to a select group of suppliers who have demonstrated innovation in a product or service they provide to John Deere.
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.
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