Insights and Stories on Machinery

May. 2, 2024 at 9:33 am CDT

Agriculture venture capital investment was an outlier in 2023, as it increased slightly over 2022, according to the Canadian Venture Capital Association (CVCA). However, that news belied pessimism on the state of ag tech at the recent Agri Tech Venture Forum in Toronto. The forum heard that the availability of capital for agriculture technology entrepreneurs has dried up significantly compared to the heady days of investment growth during the pandemic years.

By John Greig

May. 2, 2024 at 8:53 am CDT

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.

By Reuters

Apr. 18, 2024 at 9:36 am CDT

A new high-tech “Careers in Ag Mobile Skills Lab” will begin a summer tour of Saskatchewan at Ag in Motion July 16 to 18 to help develop a “talent pipeline” for ag and ag equipment manufacturing.

By Scott Garvey

Feb. 16, 2024 at 4:31 pm CST

Product offerings that simplify how farmers work in the field often get more than a cursory glance on the farm show floor. This is the case for two machinery manufacturers at the National Farm Machinery Show (NFMS) in Louisville, Kentucky. Day two of the NFMS saw Massey Ferguson debut its […]

By Greg Berg

Feb. 15, 2024 at 10:08 am CST

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.

By Bianca Flowers, Reuters, Shivansh Tiwary