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.
SDF to build low-horsepower tractors under Massey brand
Agco and SDF partner to expand MF tractor offerings up to 85 horsepower
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.
Deere forecasts weak annual profit as farm incomes sag
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.
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.
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.
Bourgault fined following accident
Reading Time: < 1 minute Glacier FarmMedia — Bourgault Industries, operating as Highline Manufacturing Ltd., has been fined $65,000 after a workplace accident two years ago.The company pleaded guilty in Saskatoon Provincial Court July 22 to one violation of occupational health and safety regulations.The charge was laid after an incident in Vonda, Sask., June 22, 2022, when a worker was […] Read more
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.
Mobile skills lab launches at Ag in Motion
Agricultural Manufacturers of Canada has launched at mobile skills lab at Ag in Motion 2024.
Deere cuts 2024 profit view as borrowing costs hurt demand
Executives expressed caution about margin performance amid weakening farm economy
Deere & Co cut its 2024 profit forecast on Thursday as farmers remained hesitant about big-ticket equipment purchases due to high borrowing rates and falling crop prices, even as its first-quarter sales and profit topped Wall Street estimates.
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