Deere & Co forecasted lower-than-expected 2025 profit on Thursday, as slumping farm incomes and inflationary pressures affect demand for the company's tractors and other agricultural equipment.
Tractors
Deere forecasts weak annual profit as farm incomes sag
Thousands of British farmers protest against ‘tractor tax’ on inheritance
Thousands of farmers protested at Britain's parliament on Tuesday, some driving tractors through central London, to demand the scrapping of an inheritance tax that they say will destroy family farms and threaten food production.
CNH Industrial shares fall after third-quarter profit miss, forecast cut
Shares of CNH Industrial fell more than 10 per cent premarket on Friday, after the farm and construction equipment maker missed third-quarter profit estimates and cut its 2024 profit forecast due to weak demand and reduced dealer inventory requirements.
Tractors of the year announced at EIMA agricultural machinery show
Day one of the EIMA international machinery show in Balogna, Italy, saw five tractor manufacturers take home awards for Tractor of the Year. There were six different categories in play – Fendt won in two categories – that ranged from horsepower to sustainability and a newly created category called 'TotyBot' for fully automated tractors without a cab.
EIMA 2024 opens its doors to the world
Glacier FarmMedia digital editor Greg Berg takes in the 2024 EIMA International Agricultural and Gardening Machinery Exhibition in Bologna, Italy.
Steffes Group enters Canadian farm auction scene
The Steffes Group has acquired Bruce Schapansky Auctioneers, of Tisdale, Sask., the firm announced in a press release Oct. 18.
Dutch electric tractor now available in Canada
Smaller horsepower tractors could fit utility market in barns and greenhouses
A new electric tractor is available in North America aimed at horticulture, greenhouse and livestock operations where noise and diesel fumes are an issue.
Trump threatens John Deere with 200 per cent tariffs if production moves to Mexico
Republican presidential candidate Donald Trump said on Monday he would slap a 200 per cent tariff on John Deere's imports into the United States if the agricultural equipment company moved production to Mexico as planned.
Deere beats profit targets as strong pricing, cost cuts counter slow demand
Deere & Co beat analysts' expectations for third-quarter profit on Thursday, as stronger pricing and cost control measures protected its margins from sluggish demand for its farm equipment.
CNH Industrial lowers profit forecast on slow demand for farming products
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.