GFM Network News

More News →
Archives

(JimPattison.com)
Crops, Machinery, Markets, Reuters

Deere lifts 2021 forecast on solid equipment demand

By , ,
Reuters — Deere and Co. on Friday raised its full-year earnings forecast after quarterly profit topped Wall Street estimates on the back of strong demand for farm and construction equipment. The world’s largest farm equipment manufacturer now expects net income in fiscal 2021 to be between $5.7 billion and $5.9 billion, up from a range […] Read more
(CervusEquipment.com)
Crops, Machinery

Brandt to buy Deere dealership chain Cervus

Regina firm to pay $302 million in all-cash deal

By ,
The world’s biggest privately-owned chain of Deere construction and forestry equipment dealerships is set to expand its reach into Deere farm equipment in a major way. Brandt Tractor, the equipment sales arm of the Regina-based Brandt Group, on Monday announced an agreement to buy all of publicly-traded Cervus Equipment Corp. for $19.50 a share, valuing […] Read more
(Conservis.ag)
Crops, Machinery

Telus, Rabobank ag arms buy into farm data aggregator

Companies join in on deal for Minneapolis-based Conservis

By ,
The agriculture arms of one of Canada’s major telecoms providers and a major Dutch bank and financial services firm are taking a stake in a tech firm in the business of gathering on-farm data into a single window. Telus Agriculture and Rabo AgriFinance, which is headquartered in St. Louis and serves U.S. farm customers, announced […] Read more
Raven is rebranding the DOT autonomous system, shown here, under the name OMNiPower. (Raven Precision video screengrab via YouTube)
Crops, Machinery

DOT, AutoCart autonomous equipment lines rebranded

Parent firm Raven Industries' products tied to new brand

By ,
U.S. precision agriculture equipment firm Raven Industries has set up a unifying brand for its acquired product lines, including the Canadian-born DOT autonomous field tool system. South Dakota-based Raven on May 12 launched the OMNi brand for its autonomous platform, rebranding DOT as OMNiPower and the AutoCart system as OMNiDrive. All of Raven’s intelligent autonomous […] Read more
(CervusEquipment.com)
Crops, Machinery

Cervus expects chip shortages may continue into fall

Deere dealer chain books increased Q1 profit

By ,
The semiconductor chip shortage plaguing automotive and equipment manufacturers may last into the second and even third quarters of the year, farm equipment retailer Cervus Group says. Calgary-based Cervus — which operates 64 dealerships in Canada, Australia and New Zealand, including 38 devoted mainly to Deere farm equipment — expects increased demand to run up […] Read more
John Deere says its new line of heavy harrows features a quick folding and unfolding sequence to help farmers move more quickly between fields. (Deere.com)
Crops, Machinery

Degelman to make heavy harrows for Deere

Regina company reaches OEM agreement for new line

By ,
Major U.S. farm equipment manufacturer John Deere Co. has launched a new line of heavy harrows — and is going to Saskatchewan to get them. Regina equipment maker Degelman Industries announced Tuesday it has reached an OEM (original equipment manufacturer) agreement to provide Deere with a line of three heavy harrow models, the HH50, HH70 […] Read more

Special Podcast

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending October 22, 2021.

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.