Deere joins up with Hagie
The environment continues to be ripe for machinery acquisitions, as shown by the latest news from Deere and Co, that announced a joint venture with Hagie Manufacturing. Sources: AgWeb, Farm Weekly Under the arrangement, Deere will acquire a majority ownership of Hagie, a leading manufacturer of high-clearance sprayers. The joint venture will allow John Deere to […]
Rural Australia carrying the fuel can
An economic think tank has left rural Australia carrying the can for fixing the federal budget deficit. The Committee for Economic Development in Australia has recommended cutting the fuel tax credit scheme, which includes diesel rebates, by half as a means of getting the budget back into surplus by 2018-19. Source: The Weekly times Raising petrol tax by 10% […]
NZ to pick the brains of its dairy farmers
The New Zealand government is set to pick the brains of the country’s top dairy farmers in an effort to help those struggling with the low dairy payout. Source: Stuff NZ A $175,000 study into low cost, high performing farm systems was announced by Primary Industries Minister Nathan Guy at a dairy forum near Morrinsville on 5 […]
Polaris purchases Taylor-Dunn
Polaris Industries has announced the acquisition of Taylor-Dunn, a leading provider of industrial vehicles, serving a broad range of commercial, manufacturing, warehouse and ground-support customers. Source: AFDJ eNews Taylor-Dunn, a privately owned company based in California will join GEM, Goupil, Mega, and Aixam, as well as Polaris Commercial Off road Vehicle (ORV) Sales, in Polaris’ […]
Farmers plan to increase investments says Rabobank
A quarter of Australian farmers plan to increase their investments in property and expand this year according to the latest Rabobank Rural Confidence Survey. Source: ABC Rural The survey revealed that the greatest confidence is among cotton and grain growers, while least confidence is among dairy and sugar producers. Good summer rainfall has driven much of the increase […]
South Korean ag co on the market
Tong Yang Moolsan, a South Korean manufacturer of agricultural machinery and equipment, has submitted a final bid to acquire full stake in local rival Kukje Machinery Company from its majority shareholder Dongkuk Steel Mill and creditors. Source: Pulse If the deal goes through, Tong Yang, currently third in the industry, will share the lead in […]
Top issues from top manufacturers
Top executives from leading farm machinery manufacturers met to discuss their thoughts on what’s next in agriculture and the issues that will affect the farming industry. Source: Farm Industry News The AEM Ag Executive Outlook was hosted by the Association of Equipment Manufacturers of the US during the National Farm Machinery Show. Panelists included the […]
Tax breaks help farmers go shopping
Driverless tractors and drones might not be on many farmers’ shopping lists just yet, but spending on new farm technology products has undergone a notable lift since tax breaks worth up to $20,000 were introduced last year. Source: Farm Weekly Business-related investments in gear valued at $20,000 or less – anything from farm computers and […]
ABARES forecasts a modest rise for farm production
The gross value of Australia’s farm production is forecast to pass $60 billion for the first time next financial year, according to the latest ABARES figures. Source: AFDJ eNews ABARES Executive Director, Karen Schneider said the expected modest rise in value was bolstered by improved prospects for livestock and cropping industries. “Total farm production is forecast […]
An Outlook for the ag sector
Outlook 2016 which is on from 1-2 March in Canberra, is a top information and networking forum for the public and private sector decision makers in the agriculture sector. Source: AFDJ eNews With more than 60 speakers and chairs at 18 sessions over two days, delegates will discuss key domestic and global issues affecting Australia’s agriculture sector. […]