Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, as U.S. tariffs dent margins on its farm equipment, sending the company's shares down six per cent.
Deere’s quarterly profit falls as U.S. tariffs bite farm equipment margins
CNH Industrial posts upbeat results as cost-cuts cushion slump in equipment demand
Farm and construction equipment maker CNH Industrial reported second-quarter profit and revenue above Wall Street estimates on Friday, as its ongoing effort to reduce costs helped offset pressures from lower sales and production.
MacDon shows new FD2 Plus FlexDraper at Ag in Motion
New FlexDraper has two inches of extra flex at cutterbar
MacDon's new FD2 Plus FlexDraper was on display at the Ag in Motion 2025. It has two inches of extra flex at the cutterbar allowing it to follow the contour of the ground more efficiently to harvest more crop.
Farm equipment sales sector sees significant structural changes
Large operations influencing farm equipment trends
Reading Time: 3 minutes Farming equipment sales have been declining for a number of years now, and one industry professional believes structural changes in the industry are needed to curb that trend.
Deere tops second-quarter estimates, trims annual profit forecast
Shares up five per cent
Deere & Co cut the lower end of its annual profit forecast on Thursday but topped Wall Street expectations for second-quarter results aided by cost-saving measures and inventory management, sending its shares up five per cent.
CNH Industrial lowers annual profit forecast on softening equipment demand
Farm and construction equipment maker CNH Industrial on Thursday slashed its annual profit forecast, hurt by subdued demand for its machines amid economic uncertainty triggered by U.S. President Donald Trump’s sweeping tariffs.
Tractor, combine sales face downward trend
Sales of farm tractors and combines have declined over the last year in North America
Reading Time: 2 minutes Sales of combines are a handy gauge for farmer optimism, but sales of farm tractors and combines has declined in the past year across North America.
SDF to build low-horsepower tractors under Massey brand
Agco and SDF partner to expand MF tractor offerings up to 85 horsepower
Agco announced Wednesday that it and Italy-based SDF (Same-Deutz-Fahr) have signed a supply agreement. SDF will build a low-horsepower range of utility tractors for Agco’s Massey Ferguson brand.
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.
Canadian farm equipment sales projected to slump in 2025
Farm machinery sales are forecast to decline for the remainder of the year and into the next. New equipment sales are expected to be soft as farmers face low commodity prices, high equipment prices and lower profits, though the decline in 2025 is expected to be less severe than in 2024. Sales of 4WD tractors are projected to stay above the five-year average.
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