A San Francisco company providing farm management software to growers in four provinces and about three dozen states is poised to join the digital arm of DuPont and Dow’s merged agribusiness. DuPont — which as of last week had all regulatory approvals and clearances lined up to complete its merger with Dow Chemical — announced […] Read more
Tag Archives deere — page 5
DuPont to buy up farm software firm Granular
Deere to buy German road construction firm
Reuters — Deere + Co. said on Thursday it would buy privately held German company Wirtgen Group for about US$4.88 billion to expand its road construction operations as it looks to cut down its dependence on its slowing farm business. Deere’s share rose 3.1 per cent to US$126.29 in premarket trading, and were set to […] Read more
Monsanto halts sale of Precision Planting arm to Deere
Monsanto subsidiary The Climate Corp. has cancelled a deal to sell its Precision Planting business to Deere and Co., citing the months-long court fight against it. The U.S. Department of Justice filed suit in August last year to block the proposed US$190 million deal, alleging the deal would lead to higher prices for high-speed precision […] Read more
Major Deere dealer sheds stake in Prairie chain
Canada’s biggest Deere dealership group has sold its minority stake in a Prairie dealership chain back to the chain’s majority owners. Calgary-based Cervus Equipment Corp. said Wednesday it has sold its 21.449 per cent of Maple Farms Partnership, owner of the Maple Farm Equipment chain of Deere farm equipment dealerships, back to Maple for about […] Read more
Deere challenges U.S. federal block on Precision Planting bid
Reuters — Deere and Co. said its proposal to buy Precision Planting, an agricultural equipment and technology company, will increase consumer choice and directly benefit growers, in a response filed on Wednesday to the U.S. Department of Justice’s lawsuit to block the acquisition. Deere announced its planned acquisition of Precision Planting in November 2015, for […] Read more
Deere to license Precision Planting wares to Ag Leader
Iowa precision ag equipment maker Ag Leader will be able to make and sell high-speed planting equipment using certain systems from Precison Planting — when, or if, Deere and Co. seals its deal to buy the latter company. Deere and Ag Leader announced Wednesday they will have a licensing agreement in place allowing Ag Leader to […] Read more
Deere dealer chain Cervus to seek real estate buyer
Prairie farm machinery dealer chain Cervus Equipment Corp. plans to sell about 10 properties where it now operates dealerships and become their long-term tenant. The publicly-traded Calgary company, which operates 72 farm and industrial equipment dealerships in Canada, Australia and New Zealand, said Tuesday it plans to seek out a sale-and-leaseback deal for about 10 […] Read more
Climate’s field software en route to Eastern Canada
San Francisco-based ag software firm and Monsanto subsidiary The Climate Corporation is making a run for the border with its Climate FieldView farm data suite. Appearing Wednesday at Canada’s Outdoor Farm Show, company representatives announced their suite of digital farm data tools, Climate FieldView, will be offered for sale in Eastern Canada this winter, for […] Read more
Deere buys stake in U.S. sprayer maker Hagie
CORRECTED, March 30, 2016 — Reuters — Deere and Co. said on Tuesday it has acquired a majority stake in Hagie Manufacturing, allowing the farm equipment manufacturer to take a greater position the high-clearance sprayer market. High-clearance sprayers, which allow farmers to spray fertilizers and pesticides in-crop later in the growing season, are “a new market for […] Read more
Farm incomes set to fall from record high
Reuters — Canadian farm incomes look set to fall in 2016 after a year of record profits, but will still reach above-average levels, according to a report from the federal government. Rising receipts for crops and livestock have boosted incomes in recent years, due to greater demand in developing countries and a weak Canadian dollar, […] Read more
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