Reading Time: 2 minutes A Winnipeg investment firm with ownership stakes in Canadian manufacturing and airlines has bought a Saskatchewan company that makes heating and drying systems for grain growers and other sectors. Exchange Income Corp. (EIC) announced Oct. 5 it has bought DryAir Manufacturing of St. Brieux for about $60 million in cash and EIC stock. DryAir, in […] Read more
Investment firm buys Saskatchewan drying system maker
EIC buys DryAir for $60 million
Trimble Ag, Agco’s JCA link up for new precision ag venture
Agco gets majority control of a new precision ag and autonomy firm; Agco's GSI brand and others now under separate review
Reading Time: 3 minutes Global positioning tech firm Trimble is set to sell its precision ag business into a new joint-venture company that will include farm machinery maker Agco’s made-in-Manitoba autonomy arm. From farmers’ perspective, the two companies say their combined technology offering is expected to offer “seamless integration and connectivity across geographies, equipment brands and the crop life […] Read more
Will oil hit US$100? It already did in some markets
Saudi Arabia, Russia 'in solid control'
Reading Time: < 1 minute London | Reuters –– With oil investors and traders focused on an oil-price rally that has come close to US$100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to […] Read more
Buhler books bigger profit as supply chain issues pass
Company now seeking 'long-term investment partner'
Reading Time: 2 minutes The maker of Versatile tractors and Farm King equipment says the supply chain issues that have pressured its quarterly bottom line have begun to clear. Winnipeg-based Buhler Industries on Aug. 14 reported net income of $16.1 million on $67.6 million in revenue for its second quarter ending June 30, up from $1.1 million on $57.8 […] Read more
Concord seeding equipment brand to be discontinued
Products and designs to continue, but under Vaderstad banner
Reading Time: 2 minutes A brand of air seeding equipment dating back almost five decades in North Dakota and beyond is poised to disappear in the 2024 model year. Concord — a brand owned since 2021 by an arm of Swedish seeding, planting and tillage equipment firm Väderstad — will no longer be sold under the Concord name, the […] Read more
CNH puts full-electric utility tractors on deck
New Holland T4, Farmall 75C due out early 2024
Reading Time: 3 minutes Heavy equipment firm CNH plans to get two new all-electric utility tractor models onto at least a few dealer lots in 2024 — including one it bills as a first in the tractor market. CNH’s New Holland Agriculture arm said Monday its T4 Electric Power model, “the first all-electric utility tractor with autonomous features,” will […] Read more
CNH enlists Sask. manufacturer for new windrower draper heads
Honey Bee to partner on new small-grain swathing combos
Reading Time: 3 minutes A new manufacturing partnership will see New Holland’s Speedrower Plus and Case IH’s WD5 windrower lines put to work swathing small grains and canola — and put made-in-Saskatchewan faces forward as they do. Case IH and New Holland’s parent firm CNH and Honey Bee Manufacturing say they’ve set up a partnership agreement for compatibility between […] Read more
India’s Mahindra aims to double tractor exports with new platform
Oja line to be introduced in North America
Reading Time: < 1 minute Mumbai | Reuters — India’s largest tractor maker, Mahindra and Mahindra, launched a new platform to manufacture lightweight tractors on Tuesday, which would enable the company to double its exports within three years, a senior company official told Reuters. The new platform, named Oja, was developed in collaboration with India’s Mahindra Research Valley and Japan’s […] Read more
U.S. agency to probe Ram pickups over power steering issues
Includes Ram 1500 trucks from 2013-16 model years
Reading Time: < 1 minute Washington | Reuters — U.S. auto safety regulators said on Tuesday they were investigating whether 1.1 million older Ram 1500 pickup trucks should be recalled for power steering loss issues. The National Highway Traffic Safety Administration (NHTSA) has received 380 reports alleging intermittent or complete loss of power steering assistance in 2013-2016 model year Ram […] Read more
At Ag in Motion: ‘Small iron’ revolution brings bikes to farms
Reading Time: 2 minutes There’s a “small iron revolution” happening on farms across Canada. Even though most farmers and people in agriculture probably see “fat bikes” and “e-bikes” as urban phenomena, these new versions of bicycles are leaping into the farmyards and farm fields in hundreds of places. “I have some farm friends who have e-bikes (or) big fat […] Read more
A message from April Stewart, Country Guide's Associate Editor
