Reading Time: 2 minutes According to FCC's 2024 outlook for the Canadian farm equipment market, new sales are projected to be softer in 2024 based on three factors: higher interest rates, elevated equipment prices and a decline in commodity prices.
Equipment sales expected to soften in 2024
Interest rates, equipment prices and commodity prices will all play a role, says FCC
Agritechnica update: Canadian content and a John Deere update
Reading Time: 2 minutes There’s significant Canadian content at Agritechnica. Large companies like AGI and MacDon have impressive displays with significant real estate. I also happened upon the Canada pavilion, packed with companies familiar to many of us, including Honey Bee, Mankato, Schulte and Bushel Plus. The companies say that there’s value in companies from Canada banding together to […] Read more
U.S. livestock: CME cattle futures extend gains, await U.S. data
Fund liquidation and technical selling seem exhausted after driving live cattle to Friday lows
Reading Time: 2 minutes U.S. cattle futures extended gains on Wednesday as traders adjusted positions after steep losses last week and ahead of monthly supply data due on Friday.
Agritechnica update: Give a big shock to weeds
Reading Time: 2 minutes Farmers are being pushed to find an alternative to desiccants to burn down crops, as companies are increasingly leery of herbicides approved close to harvest. People have been shocking weeds with electricity for 100 years, but the return on the electricity invested and the technology required to do so safely haven’t always worked. Crop.zone is […] Read more
Agritechnica Day 1: Combine launches, giant power units
Reading Time: 2 minutes Agritechnica, the world’s largest farm machinery show is nothing like farm shows we see in North America. The equipment shines to a finer gleam, extreme care is paid to lighting – so much blue at New Holland, red at Case IH, green at John Deere and orange at Kubota. The show is huge – 27 […] Read more
Bayer’s crop marketing, crop production platforms in sync
FieldView, Combyne platforms now integrated
Reading Time: 2 minutes Combyne, the made-in-Canada grain marketing platform Bayer bought earlier this year, is now fully on speaking terms with the company’s Climate FieldView precision ag platform. Bayer on Oct. 30 announced integration of the two platforms, which it said will allow grain farmers in Canada and the U.S. to connect their marketing data in Combyne and […] Read more
Seaway workers ratify labour deal
Deal ended one-week strike on waterway
Reading Time: < 1 minute Unionized workers on the St. Lawrence Seaway in Ontario and Quebec have voted their approval of the agreement that brought them in off the picket line. Unifor, which represents about 360 Seaway workers across five locals in the two provinces, announced Thursday its members had voted to ratify a three-year agreement retroactive to April 1. […] Read more
CNH to move to NYSE single listing Jan. 2
Company also plans new US$1B share buyback
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
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
A message from April Stewart, Country Guide's Associate Editor
