Economics

Ag tractor and combine unit sales had their first decline since July 2021, according to the latest data from the Association of Equipment Manufacturers (AEM). U.S. total farm tractor sales fell 21.1 percent for the month of March compared to 2021, while U.S. self-propelled combine sales for the month dropped 10.2 percent to 343 units sold. The 100+ horsepower 2WD...
Farm Credit West released its 2021 Annual Report highlighting the association’s ongoing commitment to serving the financial needs of farmers, ranchers, and agribusiness throughout California and Arizona. The association is reporting strong financial performance in 2021 with continued growth in net income, earning assets, and capital. “The events of 2021 – and the year prior – provided key opportunities for...
The joint membership of the Midwest-SouthEastern Equipment Dealers Association (MSEDA), the United Equipment Dealers Association (UEDA), the Western Equipment Dealers Association (WEDA), and the Equipment Dealers Association (EDA) have voted overwhelmingly in favor of moving forward with a merger of these four associations to form the new North American Equipment Dealers Association (NAEDA). The member vote was the final step...
VBG Group has through its subsidiary Ringfeder Power Transmission US acquired all shares in The Carlyle Johnson Machine Co., LLC. Carlyle Johnson employs 50 people and has a turnover of USD 10.5 million with an adjusted EBITA margin of 17% for 2021. VBG Group has acquired all shares in the US company Carlyle Johnson Machine for a purchase price on...
Nearly 360,000 total tractors and combines left dealer lots in 2021 in North America. U.S. and Canadian unit sales of ag tractors and combined finished 2021 with gains of more than ten percent in nearly every segment in both countries according to the latest data from the Association of Equipment Manufacturers (AEM). U.S. total farm tractor sales gained 0.3 percent...
Titan International has announced Titan employees represented by the United Steelworkers have voted to ratify new three-year contracts applicable to Titan's operations located in Bryan, Ohio, (Local 890), Freeport, Ill., (Local 745), and Des Moines, Iowa (Local 164). "We look forward to moving ahead under these contracts and appreciate working with the leadership of all our unions to finalize a...
Growth in both ag tractors and combine harvesters continue in the U.S., while a slowdown in harvesters in Canada brings overall unit sales slightly below 2020 north of the border, according to the latest data from the Association of Equipment Manufacturers (AEM). U.S. total farm tractor sales climbed a healthy 8.7 percent in November compared to 2020, while U.S. self-propelled...
Rostselmash announces that it has purchased additional common shares of Buhler Industries. The Purchaser acquired an aggregate of 4,083,886 Buhler Industries Shares at a price of $3.00 per Buhler Industries Share for an aggregate purchase price of $12,251,658. The Purchaser acquired the Buhler Industries Shares pursuant to a private agreement between the Purchaser and Highland Park Financial Inc. HPF...
GAR Bennett Continues its Upward Growth in March 2022 with New Expansion GAR Bennett is pleased to announce an expansion to Dos Palos in March 2022 following the recently executed long-term strategic partnership with Spain Air, Inc. Both companies will work together under the GAR Bennett name. The 2022 expansion offering will initially focus on high-quality crop care and crop...
ADM announced that it had completed its acquisition of Sojaprotein, a leading provider of non-GMO soy ingredients. The addition represents a significant expansion of ADM's global alternative protein capabilities and its ability to meet the growing demand for plant-based foods and beverages. "ADM has been at the forefront of pioneering innovation in alternative proteins for more than seven decades, and...