Deere & Co. (DE) said Chairman and Chief Executive Samuel Allen's compensation for the company's 2011 fiscal year rose 35% from increases in stock grants and performance-based awards.
CNH Global NV's (CNH) chairman Monday said the U.S. tractor and combine maker won't make a new bid for Norway's Kverneland ASA (KVE.OS) after Japan's Kubota Corp. (KUB, 6326.TO) offered more money for it.
Proventure Income Fund and Cervus Equipment Corp. (TSX: CVL) announced that they have completed the previously announced sale from Proventure to Cervus of certain real estate assets that Cervus had leased from Proventure for the purposes of operating Cervus' agricultural and construction equipment dealerships for aggregate consideration equal to $25,900,000.
H&R Agri-Power also recently purchased farm equipment businesses in Lawrenceburg and Fayetteville, Tenn. Hunt said that will give H&R Agri-Power nine stores in four states.
Agribusinesses are in high spirits at the end of the 2011 harvest season, but increasingly pessimistic about the future, according to the recent DTN/The Progressive Farmer Agribusiness Confidence Index.
Kubota, the Japanese maker of industrial machinery, raised its offer for Kverneland ASA to 1.62 billion kroner ($276 million), trumping counter bids from CNH Global NV (CNH) and Chery Heavy Industries Co. Ltd.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
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