Industry News

Cervus Equipment Announces 3Q12 Dividend

Cervus Equipment Corp., one John Deere's largest retailers of John Deere farm equipment in Western Canada, announced that the board of directors of Cervus has approved a cash dividend to Cervus shareholders of $0.1875 per share for the third quarter of 2012.
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Titan Machinery Reports 32% Gain in 2Q Revenues

Titan Machinery Inc. (Nasdaq:TITN), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter and first six months ended July 31, 2012. For the second quarter of fiscal 2013, revenue increased 31.9% to $410.1 million from revenue of $310.8 million in the second quarter last year.
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Nebraska Dealer, Regier Farm Equipment, Celebrates 30 Years

I love to farm with it even today just because I can't get away from the dirt and l love it. If we don't do things unique and differently then we are just one of the bunch and I don't want to be one of the bunch. That's why Ron Regier started his own farm and tractor dealership in Madrid, Neb.
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U.S. Ag Equipment Exports Rise 29% at Midyear to $7.2 billion

Exports of American-made agricultural machinery increased 29 percent to total $7.2 billion for the first half of 2012 compared to January-June 2011, according to the Association of Equipment Manufacturers (AEM). The off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into member global trend reports.
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Less Than One-Quarter of U.S. Corn Rated Good or Excellent

While rains through much of the major grain-producing regions of the U.S. were a welcome sight, they only slowed the continuing deterioration of crops, especially corn. For the ninth consecutive week, USDA reported that the condition of the U.S. corn crop is worsened compared to the previous week and a year ago.
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CNH's 2Q Net Sales Top $5 Billion

CNH Global N.V. (NYSE: CNH) today announced financial results for the quarter ended June 30, 2012. For the quarter, net sales increased 3% (9% constant currency basis) to $5 billion as firm global demand for agricultural equipment, on the back of favorable agricultural commodity prices, compensated for a more mixed trading environment in the construction equipment sector.
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