Feb. 24 marks two years since Russia's invasion of Ukraine. It seems like a short time, but it has caused huge upheaval in our society. Hundreds of thousands have died and millions have lost their homes.
War teaches Ukrainian farmers tough lessons
As the war approaches its second anniversary, the farmers who adapted earliest have been in the best position to survive
Linamar makes Bourgault buyout official
Company says it hopes to double Bourgault's business in five years
Linamar's acquisition of air-drill manufacturer Bourgault has officially gone through, the company announced yesterday.
Big iron rakes in big dollars
Equipment sales boost largely driven by late deliveries, but that’s not the only factor
Reading Time: 3 minutes A big boost in four-wheel-drive tractor sales signals that the farm equipment industry is returning to normal, say salespeople and other industry experts. New 4WD unit sales in Canada grew 84.8 per cent year over year in November and 41.5 percent year to date, according to the Association of Equipment Managers. In October, it reported Canadian sales of tractors […] Read more
FCC’s top economic charts to monitor in 2024
Downward trends for cattle, swine herds; positive bent to feed, fertilizer affordability
As we start the new year amid elevated inflation and major headwinds facing the economy, here are our top charts to help make sense of the economic environment for farm operations, agribusinesses and food processors.
German government dilutes 2024 subsidy cuts after farmer backlash
Farmers protested in Berlin's streets after the announced end of tax breaks last month
Germany's coalition government has agreed to change its 2024 budget plans, a government spokesperson said on Thursday, after subsidy cuts proposed to bring spending in line with debt rules angered farmers.
Başak Traktör of Turkey looks to move Versatile brand forward
Buhler Industries announced the Turkish firm had bought its majority stake
“One of the keys for us was making sure we found a partner that was committed to preserving the Versatile and Farm King brands,” said Adam Reid, VP of sales and marketing at Versatile. “We wanted to make sure the viability of the plant here in Winnipeg and our staff was secure. And taking care of all of our stakeholders, the suppliers, shareholders.”
Buhler Industries finds new majority shareholder in Turkish firm
Saskatchewan's Bourgault Industries changes hands
It was a big week for western Canadian machinery manufacturers as Winnipeg-based Buhler industries inked a deal that will see a Turkish company purchase its majority stake, and Guelph-based manufacturer Linamar Corporation acquired Saskatchewan’s Bourgault Industries.
German farmers protest with tractors against austerity measures
The German government proposed to abolish fuel subsidies to meet savings targets
According to next year's budget, a partial tax refund on agricultural diesel, along with a tax exemption for agricultural vehicles, will be abolished to meet the saving targets - a measure farmers said would threaten their livelihood and the competitiveness of Germany's agricultural sector.
Tractors continue unusually strong sales in November
Many types of machinery have seen price hikes of around 30 per cent or more
The growing price of farm equipment is not dissuading farmers from buying new machinery, according to the latest data from the Association of Equipment Managers (AEM).
Ottawa, equipment industry clash over right to repair
Industry representative says federal action is no longer required
Reading Time: 3 minutes A recent federal call to formalize producers’ right to repair their own equipment ignores what manufacturers are already doing to boost farmers’ capacity to do so, according to a leader in the North American equipment arena. On Nov. 21, the federal government argued for an adjustment to the Competition Act that would prevent manufacturers from […] Read more
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