AGCO's net sales for the first quarter were approximately $2.7 billion, an increase of approximately 12.9% compared to the first quarter of 2021. Excluding unfavorable currency translation impacts of approximately 5.0%, net sales in the first quarter of 2022 increased approximately 17.9% compared to the first quarter of 2021.
According to a May 1, 2022, report from CNN, 8-store Ukrainian John Deere dealership Agrotek recently prevented Russia troops from utilizing farm equipment they had stolen from the dealership — by remotely disabling it.
USDA's crop progress report for the week ended May 1 reported 14% of corn crops planted, a little more than a quarter of the 42% reported planted by this time in 2021.
According to a news release from United Auto Workers (UAW), CNH Industrial workers in Racine, Wis., and Burlington, Iowa, have gone on strike as of 12PM CST, May 2, 2022.
JCA Industries, based in Winnipeg, Manitoba, Canada, specializes in the design of electronic systems and software development to automate and control agricultural equipment.
AGCO's Chunju Liu of Changzhou, China has received a 2022 STEP (Science, Technology, Engineering, and Production) Ahead Award from Women in Manufacturing, a division of the Manufacturing Institute.
According to a press release from UAW posted to UAW Local 180's Facebook page, United Auto Workers and CNH Industrial have agreed to extend the current labor contract "hour-by-hour as the parties continue to make progress towards reaching a tentative agreement."
Hutson Inc., a multi-state John Deere dealership has announced another Michigan acquisition, Work ‘n Play Shop located in Ellsworth, Mich. This dealership is conveniently located within an hour from the most recent acquisition in Gaylord.
Farm Equipment editors encounter a variety of articles, social media posts, podcasts and videos that offer a unique look at various aspects of our great farm machinery industry. Here is our favorite content from the past week. The Best of the Web This Week series is brought to you by CLEANFIX.
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.
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.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.