Equipment Sector News — Agricultural
Farm Lending Rises on Surge in Capital Spending
According to its latest quarterly report on national farm lending, the Federal Reserve Bank of Kansas City said non-real estate farm loan volumes rose in the first quarter, led by a surge in capital spending.
Read more...Date Posted May 2, 2012
CNH Reports Double-Digit Growth in Ag & C/E Sales
CNH said first-quarter agriculture and construction equipment sales were up 18% and 41%, respectively. The company noted that sales of construction equipment in North America more than doubled compared to the same period last year.
Read more...Date Posted April 26, 2012
Deere Forecasting Double Digit 2012 Global Sales Growth
Deere reported record earnings of $533 million in the first fiscal quarter on higher revenues. The company said in its 2012 outlook that global agriculture and construction equipment sales are expected to increase 15% and 18%, respectively.
Read more...Date Posted February 16, 2012
CNH: Construction Equipment Demand to Continue Recovery
In its 2012 full-year market outlook, CNH Global said construction equipment demand is expected to continue its recovery with industry unit sales projected to be up 15 to 20% in 2012. The company also noted that its CNH Financial unit FY net income of $225 million was up 42%.
Read more...Date Posted February 1, 2012
CNH Global Reports Higher Q3 Ag & Construction Equipment Sales
CNH Global said net sales increased 30% in third quarter as agricultural equipment markets continue to perform well and the construction equipment market continues its recovery.
Read more...Date Posted October 31, 2011
Bill Introduced to Shorten Depreciation for Farm Equipment
A bill has been introduced to permanently reduce the depreciation schedule for agricultural equipment by two years to five. The bill will put agriculture equipment on parity with construction equipment which has a similar use pattern and life span.
Read more...Date Posted October 11, 2011
Deere Reports Higher YTD Ag/Construction Equipment Sales
Deere & Company said agriculture and construction/forestry equipment sales were up 23% and 50%, respectively for the first nine months. Deere is forecasting that construction/forestry sales will increase 45% for full-year 2011.
Read more...Date Posted August 17, 2011
CNH Reports Double-Digit Growth in Ag, C/E Sales
CNH Global said agricultural and construction equipment unit sales in the second quarter were up 13% and 24%, respectively from last year and noted that North American construction equipment demand was up 37%, for both light and heavy equipment.
Read more...Date Posted July 26, 2011
Deere: Proposal Threatens GPS Use in Agriculture, Construction
Deere & Company said a proposal under consideration by the FCC jeopardizes GPS use in agriculture and construction equipment and has the potential to negatively impact the U.S. economy by $96 billion.
Read more...Date Posted June 23, 2011
John Deere Financial Announces New Name for Farm Plan
John Deere Financial announced that its Farm Plan multi-use account will now carry the John Deer Financial name, after 25 years of being part of the company.
Read more...Date Posted June 7, 2011
Equipment Dealer Rocky Mountain Announces $160MM Facility
Agriculture and construction equipment dealer Rocky Mountain Dealerships said it entered into a $160 million credit agreement to finance future acquisitions and growth initiatives.
Read more...Date Posted June 2, 2011
EBRD Supports Deere’s Russian Leasing Venture
According to a Reuters report, the European Bank for Reconstruction and Development has provided U.S. farm equipment maker Deere & Co. a loan of $168 million to support its newly launched leasing venture in Russia.
Read more...Date Posted May 20, 2011
Deere Reports Farm & Construction Equipment Demand Increasing
Deere & Co. reported net income was up 65% in the quarter through April as sales of farm machinery increased and shipments of construction equipment move higher in spite of lingering weakness in the residential and commercial construction sectors.
Read more...Date Posted May 18, 2011
AGCO Reports Substantially Higher Q4 Sales in North America
Agricultural equipment maker AGCO said sales in its North American region increased 47.3% in the fourth quarter of 2010 compared to the same year-ago period. AGCO noted increased sales of combines, tractors and sprayers contributed to higher sales in the region.
Read more...Date Posted February 9, 2011
