Agriculture parts stores are still finding it difficult to keep items in stock, including many petroleum-based products whose price points have witnessed steep increases.
Net sales were up 22%, as a result of positive volumes due to higher industry demand in CNH Industrial's main markets, market share growth, and better price realization primarily in North America and South America.
AGCO's net sales for the first quarter were approximately $2.7 billion, an increase of approximately 12.9% compared to the first quarter of 2021. Excluding unfavorable currency translation impacts of approximately 5.0%, net sales in the first quarter of 2022 increased approximately 17.9% compared to the first quarter of 2021.
According to a May 1, 2022, report from CNN, 8-store Ukrainian John Deere dealership Agrotek recently prevented Russia troops from utilizing farm equipment they had stolen from the dealership — by remotely disabling it.
USDA's crop progress report for the week ended May 1 reported 14% of corn crops planted, a little more than a quarter of the 42% reported planted by this time in 2021.
According to a news release from United Auto Workers (UAW), CNH Industrial workers in Racine, Wis., and Burlington, Iowa, have gone on strike as of 12PM CST, May 2, 2022.
JCA Industries, based in Winnipeg, Manitoba, Canada, specializes in the design of electronic systems and software development to automate and control agricultural equipment.
AGCO's Chunju Liu of Changzhou, China has received a 2022 STEP (Science, Technology, Engineering, and Production) Ahead Award from Women in Manufacturing, a division of the Manufacturing Institute.
According to a press release from UAW posted to UAW Local 180's Facebook page, United Auto Workers and CNH Industrial have agreed to extend the current labor contract "hour-by-hour as the parties continue to make progress towards reaching a tentative agreement."
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at Compeer Financial and PepsiCo’s pilot program to help lower the cost of strip-till equipment for farmers.
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.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.