Funding boost for fruit fly research
Federal and state and territory governments are together tipping in $13 million to strengthen Australia’s fruit fly system research program.
CNH bounces back in fourth quarter of 2020
CNH Industrial reported strong results for the fourth quarter of 2020, with consolidated revenues of US$8.5 billion (up 10%) and adjusted EBIT of Industrial Activities of US$520 million (up 73%).
Manitou revenue drops while orders rise
Telehandler builder Manitou Group has reported a 24% drop in revenue for 2020 but says orders were at record levels by the end of the year.
AGCO sales reach US$2.7 billion for fourth quarter of 2020
AGCO reported net sales of approximately $2.7 billion for the fourth quarter of 2020, an increase of approximately 8.1% compared to the fourth quarter of 2019.
EW Nutrition acquires Novus feed and pigment business
EW Nutrition, a global provider of animal nutrition solutions, has acquired the Feed Quality and Pigments business from Novus International.
Caterpillar revenues take a hit
Caterpillar has published its full year financial results, which show its 2020 sales and revenues figure of US$41.7 billion was down a significant 22% on 2019’s $53.8 billion.
RIC interest rate cut continues trend to back farm operations
Farmers and farm-related small businesses across regional Australia will be further supported with the interest rate on Regional Investment Corporation (RIC) loans dropping to a record low of 1.77%
Grants program strengthens North Qld economy
Projects that lead to more jobs in the 14 Local Government Areas hardest hit by the 2019 North Queensland Monsoon Trough could receive grants of up to $500,000
Are you clear for takeoff? It’s drone registration time
Farmers who are still flying unregistered drones risk fines of up to $11,000. As of January 28 drones must be registered as part of federal legislation to increase the regulatory safety and operating framework around Australia’s booming unmanned aircraft sector. While farmers who operate drones up to 25 kilograms over their own land (including leased […]
How we are seeing through biosecurity risks at the border
The Department of Agriculture, Water and the Environment can now automatically detect fruit, vegetables, meat, seafood and plant material at the border. There are now 3D x-ray units at the Melbourne airport and the Melbourne and Sydney mail gateway centres. They are deployed with the world’s first biosecurity risk auto-detection algorithms, designed by the department […]