Machinery & Production Tips

Deere lifts 2021 forecast on solid equipment demand

By GFM Network News August 21, 2021

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

A Maersk ship and containers are seen at Brazil’s port of Santos on Sept. 23, 2019. (File photo: Reuters/Amanda Perobelli)

Crops, Machinery, Reuters

Maersk signs first green methanol deal toward dropping fossil fuels

By Reuters, GFM Network News August 18, 2021

Copenhagen | Reuters — A.P. Moller-Maersk said on Wednesday it had signed a contract securing green methanol as the world’s largest shipping firm gears up to operate its first carbon-neutral ship in 2023. With about 90 per cent of world trade transported by sea, global shipping accounts for nearly three per cent of the world’s […] Read more

The Andersons Grain Group’s Toledo-area elevator at Maumee, Ohio. (AndersonsGrain.com)

Crops, Machinery, Reuters

The Andersons to pay debt, invest in core units after rail business sale

Renewable fuels, specialty foods investments considered

By GFM Network News August 18, 2021

Chicago | Reuters — U.S. grain handler The Andersons plans to use US$550 million from the sale of its rail leasing business to pay down debt and invest in sustainable farming and low carbon initiatives in its core grain and fertilizer units, CEO Pat Bowe told Reuters on Tuesday. Maumee, Ohio-based Andersons sold its rail […] Read more

Canola, Crops, Machinery

Richardson buys up veg oil-based drilling lubricant maker

Grain firm supplies canola oil to Control Chemical

By Dave Bedard, GFM Network News August 16, 2021

The Calgary maker of Matex drilling fluids is under new ownership from one of its minority owners and its biggest supplier of crude canola oil. Winnipeg grain firm Richardson International announced last Tuesday it has bought full ownership of Control Chemical Corp. for an undisclosed amount. Control Chemical is billed as a specialized manufacturer of […] Read more

Crops, Machinery

Brandt to buy Deere dealership chain Cervus

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

By Dave Bedard, GFM Network News August 16, 2021

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

Kuhn North America has introduced its new FC 61 TC and TL mower conditioner line with several improvements.

Equipment, Machinery

New mower conditioners from Kuhn

The FC 61 TC and TL lines include several design updates

By Scott Garvey August 16, 2021

Kuhn North America has introduced its “next generation” of mower conditioners. The brand says the new FC 61 TC and TL series machines include several design improvements and are capable of delivering a broader range of windrow widths. To keep crop flowing smoothly through them, the new Optidisc Elite cutterbar uses a flat, streamlined profile […] Read more

Bear Flag says its company’s technology is designed to be installed on an existing tractor.
Photo: iStock/Getty Images

Machinery, Reuters

Deere, Bear Flag aim to automate tractors as ‘fast as possible’

By GFM Network News August 5, 2021

Reuters – U.S. tractor maker Deere & Co said on Thursday it would buy tech startup Bear Flag Robotics for $250 million, with the goal of developing over the next year systems Deere can sell to allow farm tractors to operate without a human driver in the cab. “We are effectively in market with real […] Read more

The new Titan AgraEdge tractor tire line takes the best elements of existing lines and incorporates the latest design innovations to create a “high-performing, modern-looking, cost-competitive” tire, says Scott Sloan, ag product manager at Titan.

Equipment, Machinery

Titan introduces the AgraEdge tire

R-1W style available to fit most MFWD tractors

By Scott Garvey August 4, 2021

Titan International recently announced the introduction of its new Titan AgraEdge tractor tire line. According to the brand, these tires are “cutting-edge” and “cost-competitive.” The initial production run includes 17 of the most popular front and rear MFWD tractor tire sizes. “With the AgraEdge, we’ve taken the best elements of our existing lines and incorporated […] Read more

A CNH manufacturing plant at Sorocaba, west of Sao Paulo in southeastern Brazil. (Photo courtesy CNH Industrial)

Machinery

CNH Industrial bets on strong market to counter worst supply chain situation

By GFM Network News July 30, 2021

Milan | Reuters – Italian-American vehicle maker CNH Industrial on Friday raised its revenue and free cash flow forecasts for this year, confident an industry cyclical upturn would help it offset a severe impact from supply chain constraints. “It’s the worst supply chain situation I’ve seen in my career,” Chief Executive Scott Wine told analysts. […] Read more

A Grain Giant in operation in Richardson, Sask., in August 2020.

Equipment, Features, Machinery

New mobile field bin makes harvest more efficient

The Grain Giant from Vale Industries keeps the combines and grain carts running

By Mark Halsall July 27, 2021

Jordan Haaland is the logistics team leader at Delage Farms, a 30,000-acre grain operation near Indian Head, Sask., and one of eight Saskatchewan farms to try out a new mobile field bin called the Grain Giant at harvest time last year. Haaland says the opportunity to use the Grain Giant couldn’t have come at a […] Read more

GFM Network News

ADM cuts 2025 profit outlook on biofuel and trade uncertainty; shares tumble

U.S. not ready to lift Mexican cattle ban over screwworm, Agriculture Secretary Rollins says

U.S. livestock: Cattle rally, hogs slide