Reading Time: < 1 minute Pattison Agriculture’s chain of Deere ag equipment dealerships in Saskatchewan and Manitoba is preparing to cut one link. The Prairie farm equipment sales and service arm of B.C.’s Jim Pattison Group announced Tuesday on its website and social media it will permanently close its dealership at Foam Lake, Sask. effective Dec. 31. The Pattison store […] Read more
Pattison to shut one Saskatchewan Deere dealership
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
Climate change has U.S. fund managers adjusting agriculture investments
Reading Time: 3 minutes New York | Reuters — After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell products ranging from tractors to fertilizer. The issue is not simply the unpredictability of weather. Instead, fund managers say, they are struggling […] Read more
Deere sues Precision Planting, claiming patent infringement
Reading Time: < 1 minute Reuters — U.S. farm equipment maker Deere and Co. on Friday sued Precision Planting and Agco Corp., accusing them of infringing on 12 of its patents. In filings to the U.S. district court in Delaware, Deere alleged that products made or sold by Precision Planting, including vSet seed meters along with SpeedTube products, infringed on […] Read more
Deere recalls loader attachments over manual omission
Reading Time: 2 minutes Over 1,300 Deere front-end loader attachments sold in Canada are being recalled over what’s missing from their operator manuals. Deere and Co. and Health Canada on Thursday announced a recall for certain 120R John Deere loaders sold from May through September last year. “The ballasting information for the loader when attached to a John Deere […] Read more
Deere plans price increases to offset rising costs
Reading Time: 2 minutes Chicago | Reuters — Shares of Deere and Co. soared Friday after the U.S. tractor maker revised up its full-year earnings estimate on stronger equipment demand and shared its plans to increase prices to offset increased costs. The company’s stock was up 6.4 per cent at $156.24 in early afternoon trading on the New York […] Read more
Steel tariff shrapnel hits U.S. farmers
Reading Time: 5 minutes Kane County, Ill. | Reuters — Lucas Strom, who runs a century-old family farm in rural Illinois, canceled an order to buy a new US$71,000 grain bin last month — after the seller raised the price five per cent in a day. The reason: steel prices jumped right after U.S. President Donald Trump announced tariffs. […] Read more
Deere fears hit from Trump tariffs, retaliation
Reading Time: 2 minutes Granadero Baigorria, Argentina | Reuters — U.S. tractor maker Deere and Co. is bracing for a negative financial impact from U.S. tariffs on steel imports and worries that retaliatory tariffs on American agricultural exports could follow, CEO Samuel Allen told Reuters in an interview Wednesday. The 25 per cent tariffs, which U.S. President Donald Trump […] Read more
Deere upgrades 2018 outlook on improving equipment demand
Reading Time: 2 minutes Reuters — U.S. farm equipment maker Deere and Co. on Friday boosted its sales outlook for fiscal 2018, citing strengthening conditions in agricultural and construction markets, sending its shares higher. For the past four years, Deere has been battling weak demand for farm equipment as a global grain glut pushed down prices, sending U.S. farm […] Read more
Court ruling for Deere colours hinges on ‘confusion’
Reading Time: 4 minutes A court ruling strengthening Deere and Co.’s claim to the use of green and yellow on farm equipment in the U.S. centres on how likely farmers are to believe they’re looking at a Deere or Deere-approved product. In a 107-page ruling in October, following a five-day trial in June, the U.S. District Court at Paducah, […] Read more
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