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 machinery
CNH Industrial lowers profit forecast on slow demand for farming products
Schulte combo wind-rower and rock-picker sparks interest at AIM
The Schulte Spartan RWP-1935 Rock Windrower Picker bring in rocks from a width of 19.19 feet wide with its hydraulically-driven wind rower, which is then connected directly to the rock picker with a three and a half cubic yard bucket.
Mobile skills lab launches at Ag in Motion
Agricultural Manufacturers of Canada has launched at mobile skills lab at Ag in Motion 2024.
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
New Holland updates its T8 tractor line
NH and Case IH machines continue to see similar design integrations
The introduction of the AF11 twin-rotor Case IH combine in February may have been a bit of a shock to longtime enthusiasts of the red brand. The twin-rotor concept had been a strictly New Holland design feature until then. Combine design has been one of the major differences when it comes to machines offered by […] Read more
Tips for setting up a farm workshop
Create a more efficient and safer workshop environment
Anyone who’s spent time working in a commercial mechanical shop will almost certainly have walked over to the first aid kit a few times to bandage a cut — or worse. And more than a few will have even made a trip to the emergency ward on occasion. A farm workshop is no exception. In […] Read more
Rethinking yardage costs
Those costs can be higher than most think, so running your own numbers is important
For many of us, winter is a season of feeding cows. Feed is one of the key drivers of animal performance and is one of the highest direct costs for most cattle operations. Notice the use of the word feed. Feeding — that is, the act of providing feed — can also be one of […] Read more
Deere cuts 2024 profit view as borrowing costs hurt demand
Executives expressed caution about margin performance amid weakening farm economy
Deere & Co cut its 2024 profit forecast on Thursday as farmers remained hesitant about big-ticket equipment purchases due to high borrowing rates and falling crop prices, even as its first-quarter sales and profit topped Wall Street estimates.
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.”
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