Granadero Baigorria, Argentina | Reuters — U.S. tractor maker Deere and Co. is bracing for a negative financial impact from U.S. tariffs on steel imports and worries that retaliatory tariffs on American agricultural exports could follow, CEO Samuel Allen told Reuters in an interview Wednesday. The 25 per cent tariffs, which U.S. President Donald Trump […] Read more
Deere fears hit from Trump tariffs, retaliation
Deere upgrades 2018 outlook on improving equipment demand
Reuters — U.S. farm equipment maker Deere and Co. on Friday boosted its sales outlook for fiscal 2018, citing strengthening conditions in agricultural and construction markets, sending its shares higher. For the past four years, Deere has been battling weak demand for farm equipment as a global grain glut pushed down prices, sending U.S. farm […] Read more
Court ruling for Deere colours hinges on ‘confusion’
A court ruling strengthening Deere and Co.’s claim to the use of green and yellow on farm equipment in the U.S. centres on how likely farmers are to believe they’re looking at a Deere or Deere-approved product. In a 107-page ruling in October, following a five-day trial in June, the U.S. District Court at Paducah, […] Read more
Climate FieldView data system ready for Prairies
In beta testing in the region for much of this year, the Climate FieldView crop data system from Monsanto’s Climate Corp. has gone live on the Prairies. The Climate Corp. announced Wednesday the Climate FieldView platform is available for purchase in Manitoba, Saskatchewan and Alberta on a per-acre basis, allowing farmers to start using it […] Read more
DuPont to buy up farm software firm Granular
A San Francisco company providing farm management software to growers in four provinces and about three dozen states is poised to join the digital arm of DuPont and Dow’s merged agribusiness. DuPont — which as of last week had all regulatory approvals and clearances lined up to complete its merger with Dow Chemical — announced […] Read more
Deere to buy German road construction firm
Reuters — Deere + Co. said on Thursday it would buy privately held German company Wirtgen Group for about US$4.88 billion to expand its road construction operations as it looks to cut down its dependence on its slowing farm business. Deere’s share rose 3.1 per cent to US$126.29 in premarket trading, and were set to […] Read more
Monsanto halts sale of Precision Planting arm to Deere
Monsanto subsidiary The Climate Corp. has cancelled a deal to sell its Precision Planting business to Deere and Co., citing the months-long court fight against it. The U.S. Department of Justice filed suit in August last year to block the proposed US$190 million deal, alleging the deal would lead to higher prices for high-speed precision […] Read more
Major Deere dealer sheds stake in Prairie chain
Canada’s biggest Deere dealership group has sold its minority stake in a Prairie dealership chain back to the chain’s majority owners. Calgary-based Cervus Equipment Corp. said Wednesday it has sold its 21.449 per cent of Maple Farms Partnership, owner of the Maple Farm Equipment chain of Deere farm equipment dealerships, back to Maple for about […] Read more
Deere challenges U.S. federal block on Precision Planting bid
Reuters — Deere and Co. said its proposal to buy Precision Planting, an agricultural equipment and technology company, will increase consumer choice and directly benefit growers, in a response filed on Wednesday to the U.S. Department of Justice’s lawsuit to block the acquisition. Deere announced its planned acquisition of Precision Planting in November 2015, for […] Read more
Deere to license Precision Planting wares to Ag Leader
Iowa precision ag equipment maker Ag Leader will be able to make and sell high-speed planting equipment using certain systems from Precison Planting — when, or if, Deere and Co. seals its deal to buy the latter company. Deere and Ag Leader announced Wednesday they will have a licensing agreement in place allowing Ag Leader to […] Read more