Global positioning tech firm Trimble is set to sell its precision ag business into a new joint-venture company that will include farm machinery maker Agco’s made-in-Manitoba autonomy arm. From farmers’ perspective, the two companies say their combined technology offering is expected to offer “seamless integration and connectivity across geographies, equipment brands and the crop life […] Read more
Trimble Ag, Agco’s JCA link up for new precision ag venture
Agco gets majority control of a new precision ag and autonomy firm; Agco's GSI brand and others now under separate review
Will oil hit US$100? It already did in some markets
Saudi Arabia, Russia 'in solid control'
London | Reuters –– With oil investors and traders focused on an oil-price rally that has come close to US$100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to […] Read more
Ukraine: The second summer of war
As harvest begins, farmers wonder if they should bother
Reading Time: 5 minutes A kamikaze drone flew over our house last night. It fell near our fence and exploded. I looked out the window and saw a red flame. Then I opened my eyes and realized it was a nightmare. In the morning, I called my mother. She said she heard a drone over our town at 3 […] Read more
Buhler books bigger profit as supply chain issues pass
Company now seeking 'long-term investment partner'
The maker of Versatile tractors and Farm King equipment says the supply chain issues that have pressured its quarterly bottom line have begun to clear. Winnipeg-based Buhler Industries on Aug. 14 reported net income of $16.1 million on $67.6 million in revenue for its second quarter ending June 30, up from $1.1 million on $57.8 […] Read more
CNH puts full-electric utility tractors on deck
New Holland T4, Farmall 75C due out early 2024
Heavy equipment firm CNH plans to get two new all-electric utility tractor models onto at least a few dealer lots in 2024 — including one it bills as a first in the tractor market. CNH’s New Holland Agriculture arm said Monday its T4 Electric Power model, “the first all-electric utility tractor with autonomous features,” will […] Read more
India’s Mahindra aims to double tractor exports with new platform
Oja line to be introduced in North America
Mumbai | Reuters — India’s largest tractor maker, Mahindra and Mahindra, launched a new platform to manufacture lightweight tractors on Tuesday, which would enable the company to double its exports within three years, a senior company official told Reuters. The new platform, named Oja, was developed in collaboration with India’s Mahindra Research Valley and Japan’s […] Read more
U.S. agency to probe Ram pickups over power steering issues
Includes Ram 1500 trucks from 2013-16 model years
Washington | Reuters — U.S. auto safety regulators said on Tuesday they were investigating whether 1.1 million older Ram 1500 pickup trucks should be recalled for power steering loss issues. The National Highway Traffic Safety Administration (NHTSA) has received 380 reports alleging intermittent or complete loss of power steering assistance in 2013-2016 model year Ram […] Read more
At Ag in Motion: Seeding equipment gets its closeup
Multiple manufacturers seize opportunity to compare offerings
Ag in Motion’s 2023 edition continued to make equipment demonstrations a central part of its presentation to farmers. Not only can farmers kick the tires on a machine of interest — they can actually see how it performs compared to competitors. That definitely helps inspire confidence when making a buying decision. This year the show […] Read more
Farm equipment sector winning battle on supply chain woes
Delivery times return to normal, but higher prices are part of post-pandemic fallout
Reading Time: 5 minutes It’s been a long, hard road, but the Canadian farm equipment industry is mostly back to its pre-pandemic state. The pull effect of two years of high sales has worked its way through the system and supply chain complications have eased. That means farmers are more likely to get their equipment when they’re supposed to, […] Read more
Extent of Saudi oil production cut unclear
Reported tensions within OPEC limit price gains
MarketsFarm — At the OPEC+ meeting Sunday in Vienna, Saudi Arabia announced it will cut its oil production by one million barrels per day (BPD) come July. And while that move was bullish for the markets, by how much remains to be seen, said Phil Flynn of the Price Futures Group in Chicago. “It’s probably […] Read more
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