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Tag Archives: equipment

FARM MACHINERY SALES DOWN IN 2015

With producers facing what the U.S. Department of Agriculture has estimated as the worst year for farm income in a decade, the sale of farm machinery is down across the board. The Association of Equipment Manufacturers said U.S. sales of 100-plus horsepower tractors were down 23.6% in 2015. Sales of four-wheel drive tractors were down… read more

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MACHINERY OUTLOOK

The Wall Street Journal says Deere plans to report its fiscal fourth-quarter results on Wednesday. The company is expected to offer a sales outlook that will set the tone for the farm-machinery industry in 2016. Many analysts see a big stepdown in Deere’s forecast that would signal a prolonged slump for the sector.

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DEERE, UAW DEADLINE LOOMS

A dramatic tail-off from record profits a couple of years ago for Deere could set the stage for prolonged, and potentially contentious, labor negotiations once the current 6-year contract expires Thursday.

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ON THE FARM: A BOUNTIFUL HARVEST OF DATA

Farmers and entrepreneurs are starting to compete with agribusiness giants over the newest commodity being harvested on U.S. farms – one measured in bytes, not bushels, the Wall Street Journal reports. Startups including Farmobile LLC, Granular Inc. and Grower Information Services Cooperative are developing computer systems that will enable farmers to capture data streaming from… read more

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FROM JOLIET TO MEXICO

Caterpillar Inc. says it will move two production lines from its Joliet plant to Mexico in a plan that will result in the loss of 230 jobs at the Illinois site, The Associated Press reported.

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TRACTOR SALES

Sales of four-wheel-drive tractors were down by 65% in January compared to a year earlier, while sales of small tractors were up 18% and medium-size tractors rose by 12%.Livestock farmers are buying a lot of tractors these days, while sales falter for the big tractors and combines used by grain farmers, according to the Association of… read more

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SLUMPING DEMAND

Reuters reports that farm equipment makers insist the sales slump they face this year because of lower crop prices and farm incomes will be short-lived. Yet there are signs the downturn may last longer than they are letting on: http://reut.rs/1tYzPe3  

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