(ClaasOfAmerica.com)

Claas sees more semiconductor chip snags in 2022

'It's going to be a tough next six months'

Paris | Reuters — Agricultural machinery maker Claas said Thursday it expects difficulties in securing semiconductor chips to persist for the first half of next year, which could curb a surge in profits linked to booming farm demand. An upturn in orders from farmers, who are benefiting from high crop prices after several lean years, […] Read more

U.S. Agriculture Secretary Tom Vilsack speaks with striking workers at Deere’s Des Moines-area farm equipment plant at Ankeny, Iowa on Oct. 20, 2021. (File photo: Reuters/Scott Morgan)

Deere’s striking U.S. workers accept revised offer

Operations to resume Wednesday night, company says

Production and maintenance workers at 14 Deere and Co. plants are expected to return to work starting Wednesday night after voting to approve a new contract. United Auto Workers (UAW), which represents over 10,000 Deere employees in the U.S., said late Wednesday its members voted 61 per cent in favour of new six-year collective bargaining […] Read more





(JimPattison.com)

Deere lifts 2021 forecast on solid equipment demand

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

File photo of Rocky Mountain’s dealership at High River, Alta. (Country Guide photo by Scott Garvey)

Equipment dealer chain Rocky Mountain to go private

Publicly traded CNH dealer's top brass make offer

Canada’s biggest farm equipment dealership chain has made a deal to take itself private after almost 13 years on the TSX. Rocky Mountain Dealerships (RME) announced Monday it has an agreement in place with a numbered Alberta company controlled by CEO Garrett Ganden and board chairman Matthew Campbell, for 100 per cent of RME at […] Read more


Photo: Scott Garvey

Seven new product reveals from John Deere

In early June John Deere invited members of the farm media to its Harvester Works facility in Moline, Illinois, to see the full line of equipment it was introducing in 2017. And all of it was parked on the lawn in front of that combine manufacturing facility for reporters to photograph and learn about from[...]
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Photo: Thinkstock

Six numbers in agriculture to make you stop and think

It isn’t as quiet as you might think on the home front. Yes, today’s farms seem stable, but the next evolutionary wave is gaining energy

In 2009, total Canadian net farm income was $2.8 billion. Four years later, it was $10 billion more, with Statistics Canada’s saying a $5.6-billion rise in the total value of farm-owned inventories from the year before accounted for almost all of the increase in total net income in 2013 That inventory increase came from a[...]
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