Last week, Deere & Co. reported its second-quarter net sales and revenues were down by 9% to $9.9 billion and net sales and revenue, and net income fell to $981. Overall, worldwide equipment sales fell by 10% to $9.2 billion.
Both U.S. ethanol prices and production fell in 2012 compared with the previous year. And the chances are good that it won't get a whole lot easier for producers in the year ahead.
In current dollars ” ignoring the effects of inflation,” U.S. net farm income is forecast to exceed $122 billion in 2012 and net cash income is expected to exceed $139 billion, both record nominal values.
Farm machinery make Deere & Co. plans to open a tractor factory in Argentina, as the administration of President Cristina Kirchner seeks to reduce the country's dependence on imported manufactured goods.
CNH, parent company of ag equipment makers Case IH and New Holland, reported 1Q equipment revenues rose 6% year-over-year — +2% in Ag & +27% in Construction to ~$3.2 billion.
AGCO Corp. reported net sales of approximately $1.3 billion for the first quarter of 2010, a decrease of approximately 13.3% compared to net sales of approximately $1.5 billion for the first quarter of 2009.
Indian tractor and farm equipment maker, TAFE, has passed the $1 billion mark in worldwide sales. AGCO Corp., the third largest farm equipment maker in the world, holds a 25% stake in TAFE.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at how the flooding in Texas will impact the ag industry and check in with some dealers in the region.
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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