Machinery , Latest & Featured - Canadian Cattlemen

Cyber attack frustrates farm equipment dealers

Dealers forced to use manual processes after software provider hacked

By Geralyn Wichers, John Greig June 25, 2024

CDK provides business management software to dealers of all makes of farm equipment, so major dealers of John Deere, CNH and are working without digital systems across the country. CDK is also the leading provider of management software to automobile dealers and thousands of those dealerships are offline.

Machinery, News, Reuters

Deere announces job cuts to tackle slowing farm equipment demand

By Reuters June 5, 2024

Deere & Co said on Wednesday it would cut an unspecified number of production and salaried jobs to save costs as it grapples with a downturn in farm equipment demand.

Morris’ Quantum Air Drill. (Grainews photo by Scott Garvey)

Machinery, News

Rite Way and Morris to operate under new parent company

By Scott Garvey May 16, 2024

Farmers may soon begin seeing new names appearing on the sides of implements made by Rite Way Manufacturing and Morris Equipment as the two brands begin operating under parent company Superior Farms Equipment Ltd.

Machinery, Reuters

Deere cuts 2024 profit forecast as sliding farm income stifles demand

By Deborah Mary Sophia, Reuters May 16, 2024

Deere has trimmed its annual profit forecast for the second time, squeezed by slumping demand for tractors and combines as falling crop prices pressure farm income.

Machinery, News

Machinery firm LEMKEN hit by hackers

By Geralyn Wichers May 15, 2024

German machinery manufacturer LEMKEN says its been the victim of a cyber attack.

(Luca Piccini Basile/iStock/Getty Images)

Machinery, Reuters

Too many tractors: As boom times fade, farm equipment piles up

By Bianca Flowers, Renee Hickman, Reuters May 9, 2024

Falling crop prices are leaving American agriculture equipment sellers with an excess of unsold tractors and combines. To cope with the surplus, dealers are discounting machines, suspending new orders, and even auctioning off equipment at reduced prices.

Some ag tech startup companies continue to get funding, but it isn’t as much or as likely as during the pandemic years. Photo: Avalon_Studio/iStock/Getty Images

Machinery, News

Ag tech venture capital stays on sidelines

Entrepreneurs need patience, more plan to achieve profitability to unlock investment

By John Greig May 2, 2024

Agriculture venture capital investment was an outlier in 2023, as it increased slightly over 2022, according to the Canadian Venture Capital Association (CVCA). However, that news belied pessimism on the state of ag tech at the recent Agri Tech Venture Forum in Toronto. The forum heard that the availability of capital for agriculture technology entrepreneurs has dried up significantly compared to the heady days of investment growth during the pandemic years.

A CNH manufacturing plant at Sorocaba, west of Sao Paulo in southeastern Brazil. (Photo courtesy CNH Industrial)

Machinery, Reuters

CNH Industrial cuts 2024 profit view as soft agriculture demand bites

By Reuters May 2, 2024

CNH Industrial cut its annual profit forecast on Thursday, squeezed by slowing demand for its tractors and farm equipment as choppy crop prices and higher borrowing costs hinder farmers from making big-ticket farming purchases.

General, Machinery

‘Mobile skills lab’ to promote careers in ag

Saskatchewan equipment manufacturers receive government funding aimed at finding more workers

By Scott Garvey, GFM Network News April 18, 2024

A new high-tech “Careers in Ag Mobile Skills Lab” will begin a summer tour of Saskatchewan at Ag in Motion July 16 to 18 to help develop a “talent pipeline” for ag and ag equipment manufacturing.

In late 2023, Massey Ferguson’s 500R sprayer was recognized with a 2024 AE50 award. Photo: Greg Berg

Machinery

New Massey Sprayer comes to NFMS, combines and grain carts get synchronized

By Greg Berg, GFM Network News February 16, 2024

Product offerings that simplify how farmers work in the field often get more than a cursory glance on the farm show floor. This is the case for two machinery manufacturers at the National Farm Machinery Show (NFMS) in Louisville, Kentucky. Day two of the NFMS saw Massey Ferguson debut its 500R sprayer to attendees, and […] Read more

Alberta Crop Report: Higher-than-average yields expected

U.S. livestock: Tight cattle supply helps CME futures rebound from collapse

U.S. grains: Soy futures post weekly loss on expectations for big U.S. crop

Daily Network News

Alberta Crop Report: Higher-than-average yields expected

U.S. livestock: Tight cattle supply helps CME futures rebound from collapse

U.S. grains: Soy futures post weekly loss on expectations for big U.S. crop

Machinery

Cyber attack frustrates farm equipment dealers

Deere announces job cuts to tackle slowing farm equipment demand

Rite Way and Morris to operate under new parent company

Deere cuts 2024 profit forecast as sliding farm income stifles demand

Machinery firm LEMKEN hit by hackers

Too many tractors: As boom times fade, farm equipment piles up

Ag tech venture capital stays on sidelines

CNH Industrial cuts 2024 profit view as soft agriculture demand bites

‘Mobile skills lab’ to promote careers in ag

New Massey Sprayer comes to NFMS, combines and grain carts get synchronized

Canadian Cattlemen Presents: Depth of Field

Blogs

Cows ain’t coal

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for August 1, 2025

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