The company, along with Ram Industries Inc., was placed in receivership June 11 after numerous financial difficulties were reported and the company missed payments to BMO. It owes BMO more than $16.6 million.
Machinery
Leon Manufacturing for sale
Yorkton manufacturer's assets for sale as part of receivership process
In Brief: Agco CEO sees good global demand for new equipment
In a webcast earnings report at the beginning of May, Agco CEO Eric Hansotia said the company has seen its net profits fall during the first quarter of 2024. Slower sales are a trend all brands have said they expect to see in 2024. “We focused on reducing production more than the industry decline and […] Read more
New self-resetting rodent kill trap launched
U.S.-based Automatic Trap Co. is now offering the Goodnature A24 “humane” rodent trap in Canada. It was developed by New Zealand-based Goodnature as a multi-species kill trap, which uses toxin-free lures to target pests like rats and mice. The company says it is ideal for outdoor use around farmyards and is safe around humans and […] Read more
Prices for used farm equipment down 20 per cent overall
The used farm equipment market has tightened up considerably so far in 2024 compared to the high it was riding on in the past few years. Some equipment types are being affected more than others. “On those specialized once-a-season assets, people are very selective with what they buy and from where,” says Jordan Clarke, senior […] Read more
We check out an Italian-made Drago GT corn header
Italian-built brand available from four- to 24-row widths
As growing grain corn gradually increases in popularity in some prairie regions, more options for combine corn headers are appearing on the market. The Italian-made Drago GT header is one that many producers may not have heard of — yet. Grainews recently reviewed some of the features of the newest Drago GT with the vice-president […] Read more
Cyber attack frustrates farm equipment dealers
Dealers forced to use manual processes after software provider hacked
CDK provides business management software to dealers of all makes of farm equipment, so major dealers of John Deere, CNH and are working without digital systems across the country. CDK is also the leading provider of management software to automobile dealers and thousands of those dealerships are offline.
How much is it all worth?
What would the cost all the machines on display at AIM total?
If you look at a semi-trailer truck travelling down the highway with a box trailer, it’s impossible to know what kind of freight is inside. But these days, the value of the cargo carried in just one truck can be extremely high.
Redekop partnering on new system for weed seed destruction
Canadian manufacturer's work with U.S. company allows for light technology to destroy weed seeds
One way to defeat the problem of weed resistance is to keep as many weed seeds out of a field as possible. Redekop’s Seed Control Unit (SCU), which pulverizes seeds coming out of the back of a combine, is one tool to help do that. But it can only be used on Class 8 and […] Read more
Hustler updates its Combi Multi-feeder wagons
The new Series 2 models incorporate changes from customer feedback
New Zealand-based Hustler Equipment has introduced its Series 2 updated line of Combi RX2 Multi-Feeder wagons. Since introducing the first series in 2019, the company says it has taken user feedback to heart and made several asked-for changes fine-tuning the design. “The RX2 is our latest series,” Hustler’s country manager for North America, Lance Paskewitz, […] Read more
Equipment sales to slow in 2024
Overall sales could decline by up to 15 per cent in Canada
Farm Credit Canada recently released a farm machinery market outlook for 2024 — and the news isn’t all that great for Canadian equipment dealers, especially when it comes to harvesting equipment. Despite new combine sales growing 5.5 per cent in 2023 in Canada compared to 2022, according to the Association of Equipment Manufacturers (AEM), the […] Read more
