Mahindra & Mahindra, the global market leader in the tractor segment, may look at spinning off its farm machinery business in the hope of tapping automotive opportunities in the future.
Monarch Tractor, Livermore, Calif., demonstrated that electricity at World Ag Expo when it paired up with another startup, OnTarget, Mt. Angel, Ore., which uses electrostatic technology to provide super-precise sprays.
Valmont Industries Inc. announced that Renee Campbell, vice president, investor relations and corporate communications, has been named senior vice president, investor relations and treasurer.
Deere & Company has acquired majority ownership of Kreisel Electric Inc. as of Feb. 8, following regulatory approval. The acquisition shows Deere is moving toward electrification of its products.
Consolidated net sales totaled $24,965,000 for the 2021 fiscal year, which represents a 11.4% increase from consolidated net sales of $22,409,000 for the 2020 fiscal year.
For the fourth quarter, CNH reported consolidated revenues of $9.1 billion, up 7% vs. the fourth quarter of 2020. Agriculture net sales for the quarter were up just over 21% to about $4.2 billion.
The Low Carbon Agriculture Show will give European farmers and dealers a view of the future with a steep rise in autonomous tractors and robots on farms, and more variation in machinery designed for specific purposes. The machines will be fueled by a mix of renewable electricity (batteries), hydrogen and biomethane.
A ceremonial opening of the show begins with awards for the Top-10 New Products Winners and “We Believe in Growing” scholarship winners, sponsored by E.M. Tharp.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at the implications Deere's settlement with the FTC has on the broader industry.
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