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

CNH to move to NYSE single listing Jan. 2

Company also plans new US$1B share buyback

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Milan | Reuters — Farm and construction equipment maker CNH Industrial said Tuesday its plan to abandon the Milan stock market and retain a single listing for its shares on the New York Stock Exchange would be effective from Jan. 2 next year. The Italian-American group, whose shares are currently traded both on the NYSE
Rob Painter (l) and Eric Hansotia, CEOs of Trimble and Agco respectively, agreed on Sept. 28, 2023 to combine their precision ag arms into a new joint venture. (Trimble via PRNewswire)
Crops

Trimble Ag, Agco’s JCA link up for new precision ag venture

Agco gets majority control of a new precision ag and autonomy firm; Agco's GSI brand and others now under separate review

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Global positioning tech firm Trimble is set to sell its precision ag business into a new joint-venture company that will include farm machinery maker Agco’s made-in-Manitoba autonomy arm. From farmers’ perspective, the two companies say their combined technology offering is expected to offer “seamless integration and connectivity across geographies, equipment brands and the crop life
Brent November 2023 crude oil with 20-day moving average (black line) and West Texas intermediate November 2023 crude oil (blue line). (Barchart)
Markets

Will oil hit US$100? It already did in some markets

Saudi Arabia, Russia 'in solid control'

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London | Reuters –– With oil investors and traders focused on an oil-price rally that has come close to US$100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to
(Romaset/iStock/Getty Images)
Editorial

When right to repair is not right to repair

By
I’ve had a hard time getting my morning coffee lately. The culprit is the multi-buttoned, digital-screened, expensive coffee maker taking up way too much space on the kitchen counter. Instead of pressing a button, walking away and coming back to a cup of joe, I’m instead greeted with the message “Fill H20,” despite the brimming
(Dave Bedard photo)
News

NFU report adjusts sequestration, fuel emissions numbers

Uncertainty about absolute numbers isn’t the same as uncertainty about trends: author

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Canadian agriculture is sequestering more carbon than originally thought, but it’s also burning more diesel fuel, according to a new report from the National Farmers Union. In August, the NFU released the third edition of its Agriculture Greenhouse Gas Emissions in Canada report. It reflected updated information from the latest national inventory that the federal government released this year. Why it matters:
The problem with giants
Editorial, Op/Ed, Opinion

The problem with giants

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Saskatchewan’s Brandt Group of Companies is celebrating another addition. As reported in this issue, the equipment company recently announced its acquisition of Wairarapa Machinery Services Ltd., its 18th location in New Zealand. In a press release dated Aug. 31, CEO Shaun Semple says the deal is “uniting the entire North Island under one dealer brand”
Buhler Industries’ Versatile Nemesis 235 tractor. (Versatile-ag.com)

Buhler books bigger profit as supply chain issues pass

Company now seeking 'long-term investment partner'

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The maker of Versatile tractors and Farm King equipment says the supply chain issues that have pressured its quarterly bottom line have begun to clear. Winnipeg-based Buhler Industries on Aug. 14 reported net income of $16.1 million on $67.6 million in revenue for its second quarter ending June 30, up from $1.1 million on $57.8
New Holland’s T4 Electric Power utility tractor. (Photo courtesy CNH)

CNH puts full-electric utility tractors on deck

New Holland T4, Farmall 75C due out early 2024

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Heavy equipment firm CNH plans to get two new all-electric utility tractor models onto at least a few dealer lots in 2024 — including one it bills as a first in the tractor market. CNH’s New Holland Agriculture arm said Monday its T4 Electric Power model, “the first all-electric utility tractor with autonomous features,” will
Scenes from the Ukrainian corn harvest. This year farmers are struggling to justify the cost of harvesting due to the war and lack of markets.
News

From Ukraine: The second summer of war

FIRST PERSON | As harvest begins, farmers wonder if they should bother

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A kamikaze drone flew over our house last night. It fell near our fence and exploded. I looked out the window and saw a red flame. Then I opened my eyes and realized it was a nightmare. In the morning, I called my mother. She said she heard a drone over our town at 3 a.m. These soulless killing
(Mahindra Tractors video screengrab via Facebook)

India’s Mahindra aims to double tractor exports with new platform

Oja line to be introduced in North America

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Mumbai | Reuters — India’s largest tractor maker, Mahindra and Mahindra, launched a new platform to manufacture lightweight tractors on Tuesday, which would enable the company to double its exports within three years, a senior company official told Reuters. The new platform, named Oja, was developed in collaboration with India’s Mahindra Research Valley and Japan’s

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