Through this acquisition, AgriVision Equipment will add 5 locations in Doon, Ireton, Lawton, Le Mars and Paullina, Iowa, to its 10 existing locations serving Southwest Iowa, Southeast Nebraska and Northwest Missouri.
Net income attributable to Deere & Co. was $641.8 million, or $1.97 per share, for the third quarter ended July 30, 2017, compared with $488.8 million, or $1.55 per share, for the quarter ended July 31, 2016.
If you were to read through any of the major farm equipment manufacturers annual reports (also referred to as Form 10-K by the SEC), each of them refers to the businesses that sell their products as “independent dealers.” This would imply that those dealers are free to operate their businesses as they see fit. We all know this isn’t anywhere close to what’s actually taking place in the real world of the farm equipment business.
Deere & Co. announced that it has signed an agreement to cooperate with Vaderstad to sell its products through John Deere’s distribution channels in Russia and Ukraine.
Deere & Co., best known for its dominance in farm equipment industry, made a big and unexpected move on June 1 when it announced it would be expanding the reach of its Construction & Forestry division by acquiring the German construction equipment maker Wirtgen Group. Most industry analysts covering the heavy equipment market agree that the acquisition represented a major strategic acquisition that will strengthen the company’s equipment operations on several fronts.
According to a April 26 report in Law360, the companies’ attorneys were not allowed to get the names of the people that the DOJ expert interviewed as part of the suit to block Deere’s acquisition of Precision Planting from Monsanto.
Two agreements related to Deere’s purchase of Precision Planting will also be terminated, including the digital collaboration agreement between Deere and The Climate Corp., a division of Monsanto. Also ending is an agreement that would have allowed Ag Leader to expand access to and distribution of certain Precision Planting products and technologies.
According to a report in the Capital Press, Deere & Co. claims CNH Industrial initiated the complaint with the U.S. Dept. of Justice that led to the DOJ's blocking of Deere's acquisition of Precision Planting.
The following is a summary section directly from Deere & Co.'s response to the U.S. Dept. of Justice's complaint to Deere's acquisition of Precision Planting.
The agreement will provide Ag Leader the technologies and licenses necessary to manufacture and sell the Precision Planting SpeedTube and related technology, including vSet, vDrive, and DeltaForce, once the acquisition of Precision Planting is completed.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Marc Johnson, principal with Pinion, provides 4 factors that will be important for dealers to watch in 2025 that will impact their business.
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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