Clayton, Dubilier & Rice ("CD&R") today announced an agreement under which CD&R will acquire John Deere Landscapes ("JDL"), a unit of Deere & Company's (NYSE:DE) Agriculture & Turf segment. Deere will initially retain a 40% ownership stake in the new standalone company. The carve-out transaction is valued at approximately $465 million.
The U.S. Department of Agriculture's (USDA) National Institute of Food and Agriculture (NIFA) today announced $4.5 million in grants to spur the development and use of robots in American agriculture production. The five grants are part of the National Robotics Initiative (NRI), a federal research partnership that includes NIFA, the National Science Foundation (NSF), the National Institutes of Health (NIH), and the National Aeronautics and Space Administration (NASA).
The National FFA Foundation has appointed Mark Hooper, Director of Marketing at New Holland in North America, to their 2014 Sponsors' Board. Sponsors' Board members will be introduced when the 2013 National FFA Convention and Expo convenes in Louisville, Kentucky, starting October 30, 2013.
AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced today the election of Roy Armes, Chairman, President and CEO of Cooper Tire and Rubber Company, and Michael Arnold, President and CEO of Ryerson Inc., to its Board of Directors effective immediately.
Grossenburg said the damage to the equipment at Grossenburg Implement was "a shade over $10 million," with about another $6 million for "everything else," including the buildings.
Over the past several months, Vermeer Corporation has made numerous strategic moves to be well positioned for the future of the global forage market. These moves include Vermeer family succession and leadership planning along with an expanded biomass and dairy market focus. In addition, Vermeer has restructured the Forage Solutions sales territories and developed a new training department to further support these opportunities moving forward.
The need for safe and efficient waterways, highways and bridges are essential for the agriculture community. Mr. Fowler described the logistics of transporting equipment from Germany to warehouses in the United States, as well as from the warehouse to Krone dealers.
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.
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.