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.
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.
Linamar makes Bourgault buyout official
Company says it hopes to double Bourgault's business in five years
Linamar's acquisition of air-drill manufacturer Bourgault has officially gone through, the company announced yesterday.
Başak Traktör of Turkey looks to move Versatile brand forward
Buhler Industries announced the Turkish firm had bought its majority stake
“One of the keys for us was making sure we found a partner that was committed to preserving the Versatile and Farm King brands,” said Adam Reid, VP of sales and marketing at Versatile. “We wanted to make sure the viability of the plant here in Winnipeg and our staff was secure. And taking care of all of our stakeholders, the suppliers, shareholders.”
Bourgault becomes third shortliner acquired by Linamar since 2017
Leadership say they want to double the business of the maker of Highline equipment and Freeform Plastics
In 2017 Linamar, a company best known as an auto parts manufacturer, purchased Winnipeg-based header and swather manufacturer MacDon. It followed that up by bringing implement brand Salford into its fold in 2022. In late December the company announced it is now adding Saskatchewan-based air drill manufacturer Bourgault into its family of shortline ag equipment brands.
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