Reading Time: 2 minutes MarketsFarm — Despite ongoing shortfalls of propane in some areas of the U.S. Midwest, the situation doesn’t appear to be adversely affecting Canada, according to the Canadian Propane Association. The late harvest in the Midwest has been further hampered by wet conditions, forcing farmers to dry their grain before putting it in the bin. As […] Read more
U.S. propane bottlenecks not affecting Canada
CNH Industrial cuts revenue guidance for second time
Company sticks to earnings per share forecast
Reading Time: < 1 minute Milan | Reuters – Italian-American machinery maker CNH Industrial trimmed its forecast for full-year revenue for a second time this year after lower sales volumes and exchange rate factors weighed on results in the third quarter. CNH Industrial, which makes most of its profit from farming machinery, Iveco commercial vehicles, construction equipment and powertrains, said net sales of […] Read more
Why Kubota thinks you’ll buy more of its farm equipment
The Texas-based manufacturer sees both end-users and retail dealers as its customers
Reading Time: 5 minutes As I walked through Kubota’s new headquarters in Grapevine, Texas, one particular observation stood out to me. In other companies’ offices and engineering centres that I’ve visited, there was never any shortage of images of the brand’s machines lining the hallway walls. The offices in the Kubota building were stylish and comfortable with plenty of […] Read more
Grains, oilseeds not included in Greens’ plans for biofuel
Reading Time: 3 minutes The federal Green Party’s plan to move Canada to zero emissions by 2050 supports the near-term use of plant-based biofuels — “but not from food that could otherwise feed Canadians.” Ahead of Monday’s federal election, the party released a climate action plan dubbed “Mission: Possible” that would ban the use of internal combustion engines in […] Read more
Smart sprayer knows which herbicide to apply, and when
BASF’s Xarvio advances application technology
Reading Time: 3 minutes It’s clear that public sentiment about perceived food safety and the environment is beginning to have a significant impact on consumer choices. An easy case in point is the marketing of meatless burgers at fast food chains as a way to save the planet from climate change. In crop production, meanwhile, the use of herbicides […] Read more
U.S. diesel prices hit three-year low as harvest delays feared
Reading Time: 2 minutes New York | Reuters — Diesel prices in the U.S. Midwest have sunk to a three-year seasonal low as farmers in the region face adverse weather conditions, further complicating an already delayed harvest season, traders and farmers said. Diesel demand typically rises during harvest season because farming equipment and trucks transporting product use the fuel. […] Read more
Deere to lay off 163 U.S. workers as trade war dents demand
Reading Time: 2 minutes Chicago | Reuters — Deere and Co. on Tuesday announced indefinite layoffs for 163 U.S. manufacturing workers at plants in Illinois and Iowa that make agricultural, forestry and construction equipment, citing decreased customer demand. The layoffs come week after the company said it would reduce production by 20 per cent at its facilities in Illinois […] Read more
AGCO picks Fendt as its global brand
“It’s the year of Fendt,” as the company's new focus puts the brand squarely at the corporate core
Reading Time: 5 minutes In June, AGCO invited several machinery editors to its Jackson, Minnesota assembly plant to hear its news for the coming year. I was included in that group. As we were seated around a large table listening to the initial presentations, AGCO’s media relations manager made an off-the-cuff comment that stuck in my mind. “It’s the […] Read more
Pearce: Autonomous platform makes Eastern Canada debut
Reading Time: 2 minutes It’s been dubbed “the future of agriculture” and for the first time, farmers in Eastern Canada had the opportunity to see the Dot A-U1 Power Platform with in-field demonstrations at Canada’s Outdoor Farm Show. The precision ag system, designed by Dot Technology Corp., attracted considerable attention going through its paces during the annual ag showcase, […] Read more
Canada’s fuel prices to rise after attack in Saudi Arabia
Reading Time: < 1 minute MarketsFarm — Following an attack on two major oil facilities in Saudi Arabia, consumers can expect a small rise in fuel prices in the days to come. The attacks on Saturday hindered the production of about 5.7 million barrels of oil per day. On Monday morning, crude oil prices were up by about 10 per […] Read more