Reading Time: 2 minutes The competition was made up of five categories, each including three contestants. Their innovations ranged from a giant manure bio-gas tank-trailer to a simple plastic calf castration card, from analytical management systems to hand-held leaf-scanning apps.
Ag in Motion Innovation Awards handed out
Leon Manufacturing for sale
Yorkton manufacturer's assets for sale as part of receivership process
Reading Time: < 1 minute The company, along with Ram Industries Inc., was placed in receivership June 11 after numerous financial difficulties were reported and the company missed payments to BMO. It owes BMO more than $16.6 million.
Cyber attack frustrates farm equipment dealers
Dealers forced to use manual processes after software provider hacked
Reading Time: 2 minutes 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.
Deere announces job cuts to tackle slowing farm equipment demand
Reading Time: < 1 minute 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.
Rite Way and Morris to operate under new parent company
Reading Time: < 1 minute 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.
Deere cuts 2024 profit forecast as sliding farm income stifles demand
Reading Time: 2 minutes 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 firm LEMKEN hit by hackers
Reading Time: < 1 minute German machinery manufacturer LEMKEN says its been the victim of a cyber attack.
Too many tractors: As boom times fade, farm equipment piles up
Reading Time: 3 minutes 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.
Ag tech venture capital stays on sidelines
Entrepreneurs need patience, more plan to achieve profitability to unlock investment
Reading Time: 2 minutes 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.
CNH Industrial cuts 2024 profit view as soft agriculture demand bites
Reading Time: 2 minutes 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.
A message from April Stewart, Country Guide's Associate Editor
