Reading Time: 2 minutes Milan | Reuters — Farm and construction equipment maker CNH Industrial said Tuesday its plan to abandon the Milan stock market and retain a single listing for its shares on the New York Stock Exchange would be effective from Jan. 2 next year. The Italian-American group, whose shares are currently traded both on the NYSE […] Read more
CNH to move to NYSE single listing Jan. 2
Company also plans new US$1B share buyback
Canada to boost carbon tax rebate for rural areas
Will also pause carbon tax on home heating oil for three years
Reading Time: 2 minutes Ottawa | Reuters — Canadian Prime Minister Justin Trudeau on Thursday announced a three-year carbon tax exemption for home heating oil and higher carbon tax rebates for people in rural areas, measures he said were intended to bring relief amid soaring costs of living. Trudeau’s Liberal government has implemented a price on carbon to combat […] Read more
Robots may help grain farmers diversify
Tech could support labour-intensive higher-value crops
Reading Time: 3 minutes Chuck Baresich, who owns an agricultural robotics business in Ontario, says controlling weeds with robots is probably best suited for high-value, horticultural crops in Canada. However, large-scale grain farmers could also use the technology if they think about it differently. “Let’s say my brother and me are growing 1,500 acres of corn,” said Baresich, who […] Read more
Think outside the agriculture box for labour, ag and tech leaders say
Agriculture in the Classroom is reaching non-farming students with inspiration for ag jobs, panelists say
Reading Time: 2 minutes Ag and tech leaders encouraged employers to think outside the agricultural box when looking to hire workers in order to expand the labour pool. “I’m one of the lucky ones,” said Brenna Mahoney, general manager of Keystone Agricultural Producers (KAP). Mahoney entered the industry with no agriculture experience. She had training in human resources and […] Read more
Investment firm buys Saskatchewan drying system maker
EIC buys DryAir for $60 million
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
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
A message from April Stewart, Country Guide's Associate Editor
