(Deere.com)

Deere misses revenue estimates on subdued farm equipment demand

Outlook did not account for any impact from potential import tariffs, retaliatory tariffs company says

Deere's quarterly revenue slumped 35 per cent and missed analysts' expectations as more farmers switched to renting equipment due to weak incomes and high borrowing costs, sending its shares down nearly 4.5 per cent in morning trading on Thursday. The company said its outlook did not account for any impact from potential import tariffs by the U.S. and any retaliatory actions taken by other countries.






Aaron Stein Photo: Supplied

Stein appointed to manage AFA

Newly-hired executive director will lead formulation of strategic plan

The Alberta Federation of Agriculture has appointed Aaron Stein its new executive director. He'll be leading the formulation of a five year strategic plan for the group.

Buhler Industries’ Versatile Nemesis 235 tractor. (Versatile-ag.com)

Buhler Industries going private

Winnipeg tractor and implement maker will be delisted from the TSX

Winnipeg's Buhler Industries, which makes Versatile tractors, Farm King augers, and other farm implements, will be privately owned by a Turkish firm under a proposed deal.


“But we lost a lot of acres… which suggests to me that some organic guys have let some of their organics land go. And they are growing canola on the side,” says Laura Telford. Photo: Greg Berg

ICE Canada Weekly: Canola set to climb higher

Supplies getting tighter

Canola has been on something of a tear for about a month with increases in 16 of its last 20 sessions on the Intercontinental Exchange as of Feb. 12. Despite a great amount of political chaos surrounding all of the markets, the Canadian oilseed is poised to climb higher for the rest of February, said broker Tony Tryhuk of RBC Dominion Securities in Winnipeg, Man.