Farm and construction equipment maker CNH Industrial on Wednesday lowered its 2024 profit forecast for the second time, as slowing demand for its tractors and combines keeps hopes for a recovery in the second half of the year muted.
Tag Archives farm machinery
CNH Industrial lowers profit forecast on slow demand for farming products
Geared-down expectations
What are other machinery manufacturers telling their shareholders to expect as they plow ahead into 2024? CNH (Case IH, New Holland) For its first quarter (Q1) ending March 31, CNH said sales volumes in North America were down two per cent for higher-horsepower (over 140 hp) tractors, and down 15 per cent for lower-horsepower tractors, […] Read more
Deere expands customer repair capabilities northward
Customer Service Advisor and mobile app now available to Canadian owners
As “right-to-repair” advocates have increased pressure on major manufacturers in all industry sectors, some U.S. states have now introduced laws to mandate it. Those regulations, however, differ by state. For example, ag equipment manufactured after a certain date is included in Colorado’s law, while specifically excluded in Oregon’s. Aside from the push by legislators, the […] Read more
How to evaluate a diesel engine
Knowing what to check will give you a good indication of an engine's overall condition
Are you thinking of buying a used tractor or other farm machine at one of this season’s spring auctions? When buying at auction, there is usually limited opportunity to give a machine or vehicle a thorough inspection. So here are a few useful things you can do at a sale to at least check the […] Read more
Too many tractors: As boom times fade, farm equipment piles up
Falling crop prices are leaving American agriculture equipment sellers with an excess of unsold tractors and combines. To cope with the surplus, dealers are discounting machines, suspending new orders, and even auctioning off equipment at reduced prices.
Shop in ‘grey market’ at your own risk
Importing machines built for sale outside North America not advisable, Farmers’ Advocate says
Several years ago, my neighbour sold his farm to a Dutch farmer who wanted to move his operation to Canada. That immigrating farmer brought much of his European equipment with him when he arrived. It was a kind of novelty to see an unfamiliar tractor design working in a Canadian field. However, despite the fact […] Read more
Linamar makes Bourgault buyout official
Company says it hopes to double Bourgault's business in five years
Linamar's acquisition of air-drill manufacturer Bourgault has officially gone through, the company announced yesterday.
Başak Traktör of Turkey looks to move Versatile brand forward
Buhler Industries announced the Turkish firm had bought its majority stake
“One of the keys for us was making sure we found a partner that was committed to preserving the Versatile and Farm King brands,” said Adam Reid, VP of sales and marketing at Versatile. “We wanted to make sure the viability of the plant here in Winnipeg and our staff was secure. And taking care of all of our stakeholders, the suppliers, shareholders.”
Bourgault becomes third shortliner acquired by Linamar since 2017
Leadership say they want to double the business of the maker of Highline equipment and Freeform Plastics
In 2017 Linamar, a company best known as an auto parts manufacturer, purchased Winnipeg-based header and swather manufacturer MacDon. It followed that up by bringing implement brand Salford into its fold in 2022. In late December the company announced it is now adding Saskatchewan-based air drill manufacturer Bourgault into its family of shortline ag equipment brands.
Buhler Industries finds new majority shareholder in Turkish firm
Saskatchewan's Bourgault Industries changes hands
It was a big week for western Canadian machinery manufacturers as Winnipeg-based Buhler industries inked a deal that will see a Turkish company purchase its majority stake, and Guelph-based manufacturer Linamar Corporation acquired Saskatchewan’s Bourgault Industries.
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