GFM Network News


(Deere.com)

Deere’s U.S. workers on strike after rejecting deal

Reading Time: 2 minutes Reuters — Thousands of Deere and Co. workers began a strike on Thursday, the United Auto Workers (UAW) said, days after overwhelmingly rejecting a six-year labour contract that was agreed on with the tractor maker. Earlier this month, the world’s largest farm equipment maker and the UAW union reached an agreement after weeks of negotiation […] Read more



(JimPattison.com)

Deere lifts 2021 forecast on solid equipment demand

Reading Time: 2 minutes Reuters — Deere and Co. on Friday raised its full-year earnings forecast after quarterly profit topped Wall Street estimates on the back of strong demand for farm and construction equipment. The world’s largest farm equipment manufacturer now expects net income in fiscal 2021 to be between $5.7 billion and $5.9 billion, up from a range […] Read more

(CervusEquipment.com)

Brandt to buy Deere dealership chain Cervus

Regina firm to pay $302 million in all-cash deal

Reading Time: 2 minutes The world’s biggest privately-owned chain of Deere construction and forestry equipment dealerships is set to expand its reach into Deere farm equipment in a major way. Brandt Tractor, the equipment sales arm of the Regina-based Brandt Group, on Monday announced an agreement to buy all of publicly-traded Cervus Equipment Corp. for $19.50 a share, valuing […] Read more


U.S. President Joe Biden tours a manufacturing lab at McHenry County College during a visit to northwest Chicago suburb Crystal Lake on July 7, 2021. (Photo: Reuters/Evelyn Hockstein)

Biden seeks to lift limits on U.S. farmer dealings with tractor makers, packers

Executive order to address corporate 'abuses of power'

Reading Time: 3 minutes Washington | Reuters — U.S. President Joe Biden wants to give that country’s farmers more power in negotiating the sale of livestock to big processors and in deciding who repairs their tractors, the White House said on Tuesday. The executive order, expected within days, will also address such competitive issues as delayed airline baggage, cellphone […] Read more

Two Raven OMNiPower (formerly DOT) machines at work in the field. (RavenPrecision.com)

CNH to buy Raven Industries

Heavy equipment maker to pay US$2.1 billion for precision ag firm

Reading Time: 2 minutes The parent company behind Case IH, New Holland, Flexi-Coil and Steyr farm equipment is set to absorb a significant U.S. supplier of precision ag tech to its product lines and others. CNH Industrial on Monday announced a friendly all-cash agreement to buy up all shares in Sioux Falls, South Dakota-based Raven Industries for about US$2.1 […] Read more


(CervusEquipment.com)

Cervus expects chip shortages may continue into fall

Deere dealer chain books increased Q1 profit

Reading Time: 2 minutes The semiconductor chip shortage plaguing automotive and equipment manufacturers may last into the second and even third quarters of the year, farm equipment retailer Cervus Group says. Calgary-based Cervus — which operates 64 dealerships in Canada, Australia and New Zealand, including 38 devoted mainly to Deere farm equipment — expects increased demand to run up […] Read more

Members of the Regina Pats during a May 20, 2018 game against New Brunswick’s Acadie-Bathurst Titan at Brandt Centre in Regina. (CHL photo by Marissa Baecker)

Ag equipment maker buys WHL’s Regina Pats

Brandt takes full ownership of hockey club

Reading Time: 2 minutes Regina-based machinery manufacturer the Brandt Group is levelling up from partner to full owner of the Western Hockey League’s Regina Pats. Brandt, which since 2005 has held the naming rights to the Pats’ home arena, Brandt Centre — formerly the Regina Agridome — said Friday it has approval from the league’s board of governors and […] Read more


File photo of Rocky Mountain’s dealership at High River, Alta. (Country Guide photo by Scott Garvey)

Equipment dealer chain Rocky Mountain to go private

Publicly traded CNH dealer's top brass make offer

Reading Time: 2 minutes Canada’s biggest farm equipment dealership chain has made a deal to take itself private after almost 13 years on the TSX. Rocky Mountain Dealerships (RME) announced Monday it has an agreement in place with a numbered Alberta company controlled by CEO Garrett Ganden and board chairman Matthew Campbell, for 100 per cent of RME at […] Read more

An OFX widget is now available for farmers perusing AgDealer’s online listings. (GFM staff photo)

AgDealer plugs into forex service provider

Listing site to offer currency exchange service on cross-border purchases

Reading Time: < 1 minute Farmers buying used iron internationally by way of AgDealer are getting access to what’s billed as a lower-cost option to handle the currency exchange. AgDealer, Canada’s largest used farm equipment shopper publication and online listing platform, announced a partnership Tuesday with OFX Group, an Australian-based online currency exchange provider. Farmers, distributors and buyers outside of […] Read more