Deere & Co said on Wednesday it would cut an unspecified number of production and salaried jobs to save costs as it grapples with a downturn in farm equipment demand.
Machinery
Deere announces job cuts to tackle slowing farm equipment demand
Water jet cuts through no-till residue
Susterre’s system makes enough of a cut that a planter’s seed placement system works better
Long-term use of no-till can be a challenge in high-residue crops, causing many farmers to undertake periodic tillage. A company with roots in Australia, Canada and now the U.S. has […] Read more
Väderstad updates Tempo line of high-speed planters
Väderstad is offering updates to its line of Tempo planters, as well as a new model, available for sale in Canada starting June 1, 2024. The company says the updates […] Read more
Large tractor sales gain ground in March
It’s too early to tell if uptick is the start of a long-term trend
In Canada, unit sales of 100+ horsepower tractors grew 2.7 per cent in March compared to the same month last year. In the U.S., unit sales of the same machinery class jumped for the second straight month. American large tractor sales grew 3.2 per cent in March compared to year-ago numbers, following February’s increase of 2.8 per cent.
Rite Way and Morris to operate under new parent company
Farmers may soon begin seeing new names appearing on the sides of implements made by Rite Way Manufacturing and Morris Equipment as the two brands begin operating under parent company Superior Farms Equipment Ltd.
Deere cuts 2024 profit forecast as sliding farm income stifles demand
Deere has trimmed its annual profit forecast for the second time, squeezed by slumping demand for tractors and combines as falling crop prices pressure farm income.
Machinery firm LEMKEN hit by hackers
German machinery manufacturer LEMKEN says its been the victim of a cyber attack.
Kids FarmSafe week launched by CASA and BASF
Data shows more needs to be done to keep kids safe on the farm
The first annual Kids FarmSafe week is a new initiative by the Canadian Agricultural Safety Association (CASA) to raise awareness of farm safety and provide access to child-specific resources. […] Read more
JCB updates designed for agriculture
Hydrostatic-powershift transmission among latest from JCB
Glacier FarmMedia – A few machines have been introduced in recent years that take jobs away from the typical loader tractor. England-based JCB has some of them. The brand showed […] Read more
Too many tractors: As boom times fade, farm equipment piles up
Falling crop prices are leaving American agriculture equipment sellers with an excess of unsold tractors and combines. To cope with the surplus, dealers are discounting machines, suspending new orders, and even auctioning off equipment at reduced prices.
