Deere & Co forecasted lower-than-expected 2025 profit on Thursday, as slumping farm incomes and inflationary pressures affect demand for the company's tractors and other agricultural equipment.
Deere forecasts weak annual profit as farm incomes sag
CNH Industrial shares fall after third-quarter profit miss, forecast cut
Shares of CNH Industrial fell more than 10 per cent premarket on Friday, after the farm and construction equipment maker missed third-quarter profit estimates and cut its 2024 profit forecast due to weak demand and reduced dealer inventory requirements.
Tractors of the year announced at EIMA agricultural machinery show
Day one of the EIMA international machinery show in Balogna, Italy, saw five tractor manufacturers take home awards for Tractor of the Year. There were six different categories in play – Fendt won in two categories – that ranged from horsepower to sustainability and a newly created category called 'TotyBot' for fully automated tractors without a cab.
EIMA 2024 opens its doors to the world
Glacier FarmMedia digital editor Greg Berg takes in the 2024 EIMA International Agricultural and Gardening Machinery Exhibition in Bologna, Italy.
Canada’s Outdoor Farm Show 2024: TMR’s can save significant time and money
TMR mixer demo at Canada's Outdoor Farm Show 2024 shows sheep producers how significant labour and cost savings can result from using this equipment.
Czech ag attache sees trade possiblitities at Canada’s Outdoor Farm Show
Filip Lameš, agricultural attache to the embassy of the Czech Republic, also known as Czechia, was at the Canada's Outdoor Farm Show 2024 in Woodstock to explore potential new markets for agriculture manufacturers in his country and innovations that farmers there could adopt.
Combine market holding, for now
According to a recent news release from Alberta Agriculture and Irrigation, higher combine prices do not yet appear to have affected their sales in Canada.
Solar dry, soldier fly, AI: Africans fight hunger with innovation
Alongside container farms in South Africa cultivating soldier flies for animal feed, solar-powered fish and crop dryers in Tanzania and machine-learning pest detectors in Kenya, Africans are coming up with innovative solutions to overcome the effects of climate change on food production.
CNH Industrial lowers profit forecast on slow demand for farming products
Farm and construction equipment maker CNH Industrial on Wednesday lowered its 2024 profit forecast for the second time, as slowing demand for its tractors and combines keeps hopes for a recovery in the second half of the year muted.
Schulte combo wind-rower and rock-picker sparks interest at AIM
The Schulte Spartan RWP-1935 Rock Windrower Picker bring in rocks from a width of 19.19 feet wide with its hydraulically-driven wind rower, which is then connected directly to the rock picker with a three and a half cubic yard bucket.
