Last Updated: November 23, 2011
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.
October 31, 2011
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.
October 11, 2011
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.
August 17, 2011
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.
July 26, 2011
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.
June 23, 2011
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.
June 7, 2011
Agriculture and construction equipment dealer Rocky Mountain Dealerships said it entered into a $160 million credit agreement to finance future acquisitions and growth initiatives.
June 2, 2011
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.
May 20, 2011
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.
May 18, 2011
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.
February 9, 2011