farm equipment Archives - Manitoba Co-operator

Cyber attack frustrates farm equipment dealers

Dealers forced to use manual processes after software provider hacked

By Geralyn Wichers, John Greig June 25, 2024

CDK provides business management software to dealers of all makes of farm equipment, so major dealers of John Deere, CNH and are working without digital systems across the country. CDK is also the leading provider of management software to automobile dealers and thousands of those dealerships are offline.

News

Rite Way and Morris to operate under new parent company

By Scott Garvey May 16, 2024

Farmers may soon begin seeing new names appearing on the sides of implements made by Rite Way Manufacturing and Morris Equipment as the two brands begin operating under parent company Superior Farms Equipment Ltd.

(Luca Piccini Basile/iStock/Getty Images)

Too many tractors: As boom times fade, farm equipment piles up

By Bianca Flowers, Reuters May 9, 2024

Falling crop prices are leaving American agriculture equipment sellers with an excess of unsold tractors and combines. To cope with the surplus, dealers are discounting machines, suspending new orders, and even auctioning off equipment at reduced prices.

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

CNH Industrial cuts 2024 profit view as soft agriculture demand bites

By Reuters May 2, 2024

CNH Industrial cut its annual profit forecast on Thursday, squeezed by slowing demand for its tractors and farm equipment as choppy crop prices and higher borrowing costs hinder farmers from making big-ticket farming purchases.

Deere cuts 2024 profit view as borrowing costs hurt demand

Executives expressed caution about margin performance amid weakening farm economy

By Bianca Flowers, GFM Network News, Reuters February 15, 2024

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.

Bourgault’s 9500 Series floating-hitch chisel plows. Photo: file

Linamar makes Bourgault buyout official

Company says it hopes to double Bourgault's business in five years

By Geralyn Wichers, GFM Network News February 2, 2024

Linamar's acquisition of air-drill manufacturer Bourgault has officially gone through, the company announced yesterday.

Other

Başak Traktör of Turkey looks to move Versatile brand forward

Buhler Industries announced the Turkish firm had bought its majority stake

By GFM Network News, Scott Garvey December 22, 2023

“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.”

Other

Bourgault becomes third shortliner acquired by Linamar since 2017

Leadership say they want to double the business of the maker of Highline equipment and Freeform Plastics

By GFM Network News, Scott Garvey December 21, 2023

In 2017 Linamar, a company best known as an auto parts manufacturer, purchased Winnipeg-based header and swather manufacturer MacDon. It followed that up by bringing implement brand Salford into its fold in 2022. In late December the company announced it is now adding Saskatchewan-based air drill manufacturer Bourgault into its family of shortline ag equipment brands.

Buhler Industries’ Versatile Nemesis 235 tractor. (Versatile-ag.com)

Buhler Industries finds new majority shareholder in Turkish firm

Saskatchewan's Bourgault Industries changes hands

By Geralyn Wichers, GFM Network News December 21, 2023

It was a big week for western Canadian machinery manufacturers as Winnipeg-based Buhler industries inked a deal that will see a Turkish company purchase its majority stake, and Guelph-based manufacturer Linamar Corporation acquired Saskatchewan’s Bourgault Industries.

The 2024-25 Manitoba Agriculture machinery cost of production guide.

Equipment, News

Sticker shock on farm equipment costs

Cost of production on farm machinery shows drastic increases

By Don Norman December 19, 2023

The price increases in the latest version of Manitoba Agriculture’s farm machinery cost of production guide are startling. “I’ve been doing this for quite a few years now and, generally speaking, we would see two to five per cent increases per year, so that would be a four to 10 per cent increase over the

Daily Network News

U.S. grains: Soybeans hit six-week low as Brazilian harvest looms; corn, wheat sag

U.S. livestock: CME cattle futures end lower, hogs mostly lower

CFIA adds controls for imports of Spanish feed ingredients after African swine fever outbreak

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