GFM Network News


Two Raven OMNiPower (formerly DOT) machines at work in the field. (RavenPrecision.com)

CNH to buy Raven Industries

Heavy equipment maker to pay US$2.1 billion for precision ag firm

The parent company behind Case IH, New Holland, Flexi-Coil and Steyr farm equipment is set to absorb a significant U.S. supplier of precision ag tech to its product lines and others. CNH Industrial on Monday announced a friendly all-cash agreement to buy up all shares in Sioux Falls, South Dakota-based Raven Industries for about US$2.1

(Dave Bedard photo)

Diesel prices, carbon tax cause headaches for farmers

MarketsFarm — Crude oil prices have been steadily on the rise since last November as oil-producing nations implement production cuts and Canadian farmers already affected by climbing diesel prices will have to dig deeper into their wallets this April. On April 1, the federal government’s carbon levy on diesel will go up from 8.05 cents


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

CNH to work with Microsoft, Accenture on ‘smart’ vehicles

Milan | Reuters — CNH Industrial has set up a five-year collaboration with Microsoft and Accenture to help it to develop “smart” and connected industrial vehicles, the Italian-American vehicle and equipment maker said on Monday. The programme, part of CNH Industrial’s digital transformation plans, is expected to help the group “achieve significant revenue growth,” the

File photo of Rocky Mountain’s dealership at High River, Alta. (Country Guide photo by Scott Garvey)

Equipment dealer chain Rocky Mountain to go private

Publicly traded CNH dealer's top brass make offer

Canada’s biggest farm equipment dealership chain has made a deal to take itself private after almost 13 years on the TSX. Rocky Mountain Dealerships (RME) announced Monday it has an agreement in place with a numbered Alberta company controlled by CEO Garrett Ganden and board chairman Matthew Campbell, for 100 per cent of RME at

(Mazergroup video screengrab via YouTube)

New Holland ultra-dealer expands Saskatchewan reach

Mazergroup takes up Dave Marshall's three operations

Manitoba New Holland ultra-dealership Mazergroup is expanding its reach further into eastern Saskatchewan with a deal to buy three dealerships there. Brandon-based Mazergroup announced Tuesday it has assumed ownership of Yorkton New Holland, Raymore New Holland and Watrous New Holland, effective Sept. 1. The three operations’ dealer principal, David Marshall, had bought the former Bolt


Suzanne Heywood. (CNHIndustrial.com)

CNH Industrial replaces CEO, sticks with spinoff plan

Chairman Suzanne Heywood becomes interim CEO; CFO also leaving

Updated, March 24 — Milan | Reuters — The chief executive of CNH Industrial is leaving with immediate effect, the industrial vehicle maker said on Monday, less than two months after a profit warning. CNH said board chair Suzanne Heywood would replace Hubertus Muhlhauser as CEO until a permanent replacement was found. A source close

When it comes to modern machinery, what counts as a repair versus a modification?


Repair your farm equipment, just don’t remake it

Where’s the line between a fix and a change when it comes to machinery?

[UPDATED: Feb. 25, 2020] By all means, get that tractor running like new, but watch out if you’re changing how it functions. That was the message 2020 attendees of CropConnect in Winnipeg were told as Eric Wareham, U.S. vice-president of government affairs with the Western Equipment Dealers Association, took the podium. “We as an industry

An Iveco Trakker off-road transport. (Iveco.com)

CNH to list truck and bus business in break-up

Milan | Reuters — Industrial vehicle maker CNH Industrial has decided to split in two and list its truck, bus and engine division in an effort to boost asset values and streamline its businesses. The plan comes just six years after CNH Industrial was created when Fiat Industrial — spun off from the Italian carmaker