For the three months ended March 31, 2016, AgJunction reported revenue of $15.5 million, a 28% increase from $12.1 million in the first quarter of 2015. Total revenue in the Americas for the first quarter was $7.5 million, up 49% year-over-year due largely to additional sales resulting from the acquisition of Novariant.
A local private investor group, including two Bestway Management Team members, announced the acquisition of Bestway Inc. from Rick and Debbie Heiniger.
With the completion of the merger, AgJunction gains a preeminent position in automated steering and machine control technologies, differentiated by its broad intellectual property portfolio, which includes more than 140 patents, and its ability to deliver application-specific solutions to precision agriculture customers worldwide.
In today's newscast we report on whether the Fed's announcement will impact farm equipment manufacturers, how the strong U.S. dollar is impacting exports, AgJunction's recent merger, JCB's expanding dealer network for ag equipment and worldwide tractor sales.
Novariant, a leading provider of precision steering products for the agricultural market, today announces the appointment of Dave Vaughn as Chief Executive Officer.
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.
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.