Reading Time: < 1 minute U.S. agriculture equipment maker Deere on Monday agreed to pay $99 million into a settlement fund for farms and farmers that are part of a class action over costs and access to repairs.
Tag Archives machinery
Deere settles U.S. right-to-repair lawsuit with $99 million fund, repair commitments
Trump tells farmers that tractor companies should lower prices
Reading Time: 2 minutes U.S. President Donald Trump announced new measures on Friday to support U.S. farmers who are reeling from the administration’s trade policies and the Iran war and suggested farm equipment makers cut prices
Ritchie Bros. parent to buy online auction firm BigIron
Reading Time: 2 minutes RB Global, the parent of Canadian auction firm Ritchie Bros., is further expanding its reach into the online farm auction market with a deal for Nebraska-based BigIron Auction Co.
Deere lifts full-year profit forecast as construction, sales rebound; shares soar
Reading Time: 2 minutes Farm-machinery maker Deere & Co raised its annual profit forecast and beat first-quarter results estimates on Thursday citing cost-cutting initiatives to protect margins and recovery in its construction and small agriculture units.
CNH Industrial flags weak 2026 profit on sluggish farm machinery demand
Reading Time: 1 minute Global manufacturer of farm and construction equipment CNH Industrial on Tuesday forecast full-year profit below Wall Street estimates, as low crop prices, high input costs and shifting trade policies weigh on demand for agricultural machinery.
Manitoba Co-operator top 25 of 2025
Reading Time: 2 minutes The Manitoba Co-operator is counting down our 25 most popular stories of 2025. Here’s a taste so far, from trade woes to new insight on Manitoba’s wild pig problem
Deere forecasts weak annual profit on tariff hit
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Reading Time: < 1 minute Deere & Co forecast an annual profit below estimates on Wednesday, pressured by tariff impacts and weaker margins from its large tractors, sending the farm-equipment maker’s shares down nearly five per cent.
More Canadian companies at Agritechnica 2025
Reading Time: 4 minutes A record number of Canadian agriculture machinery and tech companies are at Agritechnica 2025, with exporters being more aggresive looking for new markets.
Precision ag, right to repair policies priority for Association of Equipment Manufacturers
Reading Time: 2 minutes Policies that help farmers adopt precision technology and maintain their right to repair are among priorities for the Association of Equipment Manufacturers ahead of the fall parliamentary session.
Deere’s quarterly profit falls as U.S. tariffs bite farm equipment margins
Reading Time: 2 minutes Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, as U.S. tariffs dent margins on its farm equipment, sending the company's shares down six per cent.