Two retail dealership chains handling John Deere farm equipment in Manitoba say they plan to merge, bringing 13 locations under one organizational umbrella.
Tag Archives farm equipment
Manitoba John Deere dealers plan merger
Dealer chains say consolidation will improve parts access, service speed, long-term support for farmers
Cyber attack frustrates farm equipment dealers
Dealers forced to use manual processes after software provider hacked
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.
Rite Way and Morris to operate under new parent company
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.
Too many tractors: As boom times fade, farm equipment piles up
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.
CNH Industrial cuts 2024 profit view as soft agriculture demand bites
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
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.
Linamar makes Bourgault buyout official
Company says it hopes to double Bourgault's business in five years
Linamar's acquisition of air-drill manufacturer Bourgault has officially gone through, the company announced yesterday.
Başak Traktör of Turkey looks to move Versatile brand forward
Buhler Industries announced the Turkish firm had bought its majority stake
“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.”
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
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 finds new majority shareholder in Turkish firm
Saskatchewan's Bourgault Industries changes hands
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.
Cyber-Savvy Farmer
