Agriculture net sales decreased for the quarter by 20% to $3.91 billion, primarily due to lower shipment volumes on decreased industry demand and dealer inventory requirements across all regions.
In a note to dealers on May 31, CNH Industrial President of Agriculture Derek Neilson said he will work with incoming CEO Gerrit Marx to ensure his transition out of his current role is smooth.
500 union employees at CNH Industrial’s Basildon, UK, plant will strike periodically throughout May in response to a pay increase dispute, according to Unite, the union representing those workers.
CNH Industrial N.V. (NYSE: CNHI) reported results for the three months ended March 31, 2024, with net income of $402 million compared with net income of $486 million for the three months ended March 31, 2023.
Nearly 700 members of the International Association of Machinists and Aerospace Workers (IAM) Local 2525 (District 5) at Case New Holland (CNH) in Fargo, N.D., have rejected the company’s offer.
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.
Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
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