Solectrac, a manufacturer of electric tractors based out of Santa Rosa, Calif., has been declared as “assets held for sale” by its parent company, Ideanomics.
Of course, it’s still up in the air, but it shouldn’t come as a total surprise if ag equipment sales pick up in December. First, while the cash crop segment of the industry undergoes a market “correction” in a downward correction, the livestock and forage segment is heading in a very positive direction.
Dealers looking for indicators of when the current boom in farm equipment sales may be softening should look at any signs that the value of farmland may be weakening. In terms of both accumulated cash and high levels of asset values, the current wealth of U.S. farmers may be unprecedented. This is showing up, not only in their high levels of purchasing capital equipment, but also in their acquisition of farmland.
Anderson Industries, a South Dakota based agricultural equipment manufacturer, has acquired the assets of All Service Manufacturing. Through the acquisition, Anderson Industries will be able to improve upon its service by increasing its capabilities.
Effective Oct. 22, Alamo Group Inc. completed the acquisition of the majority of the assets of Bush Hog LLC according to the terms and conditions which were previously announced on Sept. 4, 2009.
Cervus Equipment Corp. farm equipment manufacturer has announced that it has completed the acquisition of a 20% partnership interest in Maple Farm Equipment Partnership, a John Deere dealership in Saskatchewan and Manitoba.
Deere & Company (NYSE: DE) has completed its purchase of Bauer Built Manufacturing Inc. In early September, Deere announced its agreement to purchase certain assets of the Paton, Iowa manufacturer. Financial terms were not disclosed.
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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