Deere & Co cut the lower end of its annual profit forecast on Thursday but topped Wall Street expectations for second-quarter results aided by cost-saving measures and inventory management, sending its shares up five per cent.
Machinery
Deere tops second-quarter estimates, trims annual profit forecast
Shares up five per cent
Electric trucks go head to head in Canadian winter
The CAA pitted electric vehicles — including the Silverado EV and F-150 Lightning — against each other this winter to see how they fared in real Canadian conditions
The CAA pitted electric vehicles — including the Silverado EV and F-150 Lightning — against each other this winter to see how they fared in real Canadian conditions.
CNH Industrial lowers annual profit forecast on softening equipment demand
Farm and construction equipment maker CNH Industrial on Thursday slashed its annual profit forecast, hurt by subdued demand for its machines amid economic uncertainty triggered by U.S. President Donald Trump’s sweeping tariffs.
Supersized grain carts a weighty problem for soil compaction
Larger grain carts and combines make for a more efficient harvest, but they also come with soil health implications if the extra weight causes soil compaction
Grain carts can still cause serious soil compaction whether they’re on tracks or wheels, but tracks may impact crop yield less in poor field conditions.
Government support for electric vehicle sector threatens agriculture says federation
The Canadian Federation of Independent Business is asking the federal government to re-assess its subsidies for electric vehicles and battery manufacturing in Canada.
CNH Industrial names James Nickolas as CFO
Tractor maker CNH Industrial on Thursday named James Nickolas as its new chief financial officer, succeeding company veteran Oddone Incisa.
AGCO to pause equipment deliveries to the U.S
Details surrounding the pause in U.S. tariffs remains murky
AGCO has publicly stated its intention to pause equipment deliveries into the U.S. It manufactures some Fendt and Massey-Ferguson branded equipment in Germany and France, among other locations, for the North American market.
Once king of the field: Tales of an antique tractor
Looking back at the legacy of one Aultman Taylor 30-60 tractor in Manitoba
Looking back at the legacy of one antique Aultman Taylor 30-60 tractor in Manitoba.
CNH brands introduce new utility tractors
Updates to the Farmall C and PowerStar lines come from Case IH and New Holland
Two CNH brands, Case IH and New Holland, are showing off the updated line of utility tractors they intend to offer farmersthis year.
Tariffs throw US, Canadian farm machinery manufacturers into turmoil
All around a recent farm show in Canada, equipment salespeople struggled to swing deals with farmers worried about tariffs. With some combines costing more than $800,000, a surprise price hike from a tariff would be a hit most farm budgets cannot easily take.