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.
Abundant crop insurance shielded farmers income from much of the impact of this summer's record drought across the Midwest and Mid-South, according to the latest Agricultural Finance Monitor released by the Federal Reserve Bank of St. Louis.
On a year-over-year basis, both AGCO and CNH reported pretty good numbers in their third-quarter earnings announcements. But the two ag equipment manufacturers presented highly divergent outlooks for the fourth quarter and all of 2012.
AGCO Corp, the world's third-largest maker of tractors and combines, plans to more than triple sales in Africa by 2020 as the continent boosts food production, its managing director for Africa and the Middle East said.
During a keynote address at the BIO World Congress conference, Steen Riisgaard, CEO of Novozymes, unveiled a new report by the World Economic Forum (WEF) which concludes that converting biomass into fuels, energy, and chemicals has the potential to generate upwards of $230 billion to the global economy by 2020 — the majority of which will be in the U.S.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at CNH Industrial’s goals for growing its precision business by 2030.
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.
GROW.MORE.PRECISELY. We are dedicated to creating innovative agricultural practices that help growers boost crop production and improve sustainability. With cutting-edge hardware, powerful software and truly unbeatable support, we take pride in creating and delivering solutions that empower farmers around the world.