2Q Gains for Deere
Deere and Company had second quarter net income of $1.2 billion. That’s up from $808 million in the same quarter last year. Year-to-date, equipment sales in the U.S. and Canada are up 26 percent.
Ag Business Articles
AURI Update
In this update from the Agricultural Utilization Research Institute, learn more about the Ag Innovation Partnership Program. Proposals are now being accepted.
1Q Income Rises for Raven Industries
Sioux Falls-based Raven Industries is reporting net income of $22 million for the first quarter. That compares to just over $12.3 million one year ago. The applied technology division, which includes the precision agriculture business, had strong growth despite low…
ND Medical Center Receives Rural Development Loan
The U.S. Department of Agriculture has approved a Rural Development Loan of over $14.7 million to Unity Medical Center in Grafton, North Dakota. The funds are in addition to five million dollars from the Bank of North Dakota. The dollars…
NFU Urges USDA Response to Farmer Stress
The National Farmers Union is urging USDA to proactively address farmer and rancher stress. In a letter to Agriculture Secretary Sonny Perdue, NFU President Roger Johnson urged the Department to “develop a response to the farm suicide crisis.” Johnson noted…
AEM Reports Sluggish Equipment Sales
The latest report from the Association of Equipment Manufacturers shows increased combine sales. U.S. retail sales of combines increased nearly 59 percent last month, compared to April of 2017. However, total tractor sales in the U.S. rose less than one…
Bayer-Calyxt Settle Lawsuit
Bayer CropScience has agreed to settle a lawsuit brought by Calyxt. Under this agreement, the 2013 licensing agreement is terminated. Bayer will also destroy any technology or information covered by the license agreement. The two companies were working to develop…
Wood Moves to IDFA
Bailey Wood is the new vice president of communications, public relations and marketing for the International Dairy Foods Association. Since 2014, Wood has been vice president of communications for the National Stone, Sand and Gravel Association.
Mosaic to Move Corporate Headquarters to Florida
The Mosaic Company is moving its corporate headquarters from the Twin Cities to the Tampa Bay area. The decision will bring Mosaic closer to most of its phosphate production and shorten the distance to its new Brazilian fertilizer business. Mosaic…
Former WestBred Leader Passes
Ron Ueland, who was the former president and general manager of WestBred, died over the weekend. Ueland, 65, was building Montana Craft Malt, a malting company for the craft brewing industry.
