GFM Network News


File photo from CNH-owned FPT Industrial’s Bourbon-Lancy engine manufacturing plant in eastern France. (Photo courtesy CNH Industrial)

CNH to temporarily shut several plants in Europe

Eight-day shutdown due to supply disruptions

Reuters — Italian-American vehicle maker CNH Industrial said Wednesday it will temporarily shut several of its European agricultural, commercial vehicle and powertrain manufacturing facilities due to the disruptions of procurement of components, including semiconductors. The maker of farm machinery, Iveco commercial vehicles, construction equipment and powertrains plans to shut the concerned plants for eight working […] Read more

Two Raven OMNiPower (formerly DOT) machines at work in the field. (RavenPrecision.com)

CNH to buy Raven Industries

Heavy equipment maker to pay US$2.1 billion for precision ag firm

The parent company behind Case IH, New Holland, Flexi-Coil and Steyr farm equipment is set to absorb a significant U.S. supplier of precision ag tech to its product lines and others. CNH Industrial on Monday announced a friendly all-cash agreement to buy up all shares in Sioux Falls, South Dakota-based Raven Industries for about US$2.1 […] Read more


(Dave Bedard photo)

Diesel prices, carbon tax cause headaches for farmers

MarketsFarm — Crude oil prices have been steadily on the rise since last November as oil-producing nations implement production cuts and Canadian farmers already affected by climbing diesel prices will have to dig deeper into their wallets this April. On April 1, the federal government’s carbon levy on diesel will go up from 8.05 cents […] Read more

(LakelandCollege.ca)

Alberta’s Lakeland to offer ag tech degree

College to launch first-in-Canada program in September

East-central Alberta’s Lakeland College is set to offer what’s billed as Canada’s first degree program in agriculture technology, as a two-year post-credential program, starting in September. The program, announced Wednesday, will consist of full-time studies at Lakeland’s campus at Vermilion, about 180 km east of Edmonton, plus “experiential learning practicums” off campus, en route to […] Read more


A CNH manufacturing plant at Sorocaba, west of Sao Paulo in southeastern Brazil. (Photo courtesy CNH Industrial)

CNH to work with Microsoft, Accenture on ‘smart’ vehicles

Milan | Reuters — CNH Industrial has set up a five-year collaboration with Microsoft and Accenture to help it to develop “smart” and connected industrial vehicles, the Italian-American vehicle and equipment maker said on Monday. The programme, part of CNH Industrial’s digital transformation plans, is expected to help the group “achieve significant revenue growth,” the […] Read more

File photo of Rocky Mountain’s dealership at High River, Alta. (Country Guide photo by Scott Garvey)

Equipment dealer chain Rocky Mountain to go private

Publicly traded CNH dealer's top brass make offer

Canada’s biggest farm equipment dealership chain has made a deal to take itself private after almost 13 years on the TSX. Rocky Mountain Dealerships (RME) announced Monday it has an agreement in place with a numbered Alberta company controlled by CEO Garrett Ganden and board chairman Matthew Campbell, for 100 per cent of RME at […] Read more


An OFX widget is now available for farmers perusing AgDealer’s online listings. (GFM staff photo)

AgDealer plugs into forex service provider

Listing site to offer currency exchange service on cross-border purchases

Farmers buying used iron internationally by way of AgDealer are getting access to what’s billed as a lower-cost option to handle the currency exchange. AgDealer, Canada’s largest used farm equipment shopper publication and online listing platform, announced a partnership Tuesday with OFX Group, an Australian-based online currency exchange provider. Farmers, distributors and buyers outside of […] Read more

Suzanne Heywood. (CNHIndustrial.com)

CNH Industrial replaces CEO, sticks with spinoff plan

Chairman Suzanne Heywood becomes interim CEO; CFO also leaving

Updated, March 24 — Milan | Reuters — The chief executive of CNH Industrial is leaving with immediate effect, the industrial vehicle maker said on Monday, less than two months after a profit warning. CNH said board chair Suzanne Heywood would replace Hubertus Muhlhauser as CEO until a permanent replacement was found. A source close […] Read more



(GFM photo)

AgDealer offers online equipment financing, shipping tools

Canada’s biggest used farm equipment shopper publication has added tools to link prospective buyers to options for payment plans and shipping. AgDealer on Monday announced “major enhancement(s)” at its AgDealer.com site, where each equipment listing will include buttons linking to tools from CWB National Leasing and Trusted Dispatch. The online tools allow AgDealer.com users to […] Read more