farm equipment | Red River Farm Network

Demand For Used Farm Equipment Strengthens

Published August 23, 2021

The price of good used farm equipment continues to skyrocket. Greg Peterson, known as Machinery Pete, says the used machinery market is hot. "The good condition, used equipment market is the hottest I've ever seen it. Historically, mid-to-late summer is…

Ag Equipment Industry Outlook Highlighted at Commodity Classic

Published March 4, 2021

The major ag equipment brands were represented in a virtual roundtable discussion at Commodity Classic. AGCO Vice President Bill Hurley addressed the customer’s 'right to repair.' Hurley said the issue is complicated by emissions and safety standards. "If something is…

Increase in Q3 Sales for AGCO

Published November 7, 2020

AGCO, a farm machinery manufacturer, is reporting an 18.4 percent increase in its third quarter net sales over one year ago at $2.5 billion. Net income for the quarter is $158.1 million. AGCO Chairman and CEO Martin Richenhagen says AGCO’s…

Latest News Ag Business

AGCO Reports Lower Q2 Net Income

Published August 2, 2020

AGCO is reporting second quarter net income of $60 million on gross sales of more than $2 billion. That’s down 42 percent from one year ago. Net income for the six months ending June 30 is reported at $126.3 million…

Latest News Ag Business

Lower Q1 Net Global Sales For AGCO

Published May 6, 2020

AGCO is reporting fiscal year first quarter net income of $66.3 million. AGCO’s net global sales are $1.9 billion, down about 3.4 percent from the first quarter last year. According to AGCO Chairman, President and Chief Operating Officer Martin Richenhagen,…

Latest News Ag Business

Prices Steady for Used Farm Machinery

Published January 3, 2020

The price of late model used machinery continue to remain firm at farm auctions. Machinery Pete owner Greg Peterson says while the number of auctions is increasing, the number of retirement auctions exceeds forced sales. "Despite the difficult times, farmers…

Steady Q3 Income for Titan Machinery

Published November 27, 2019

Fargo-based Titan Machinery is reporting fiscal year 2020 third quarter gross income of $360.9 million, unchanged from one year ago. The gross profit for the third quarter is reported $71.8 million, an increase from $69.5 million one year earlier. Titan…

Latest News Ag Business

ND Farm Equipment Law in the Courts

Published August 5, 2019

The Eighth Circuit Court of Appeals has upheld a lower court decision, preventing the enforcement of a 2017 North Dakota law supported by the North Dakota Implement Dealers Association. The Association of Equipment Manufacturers and large farm equipment companies sued…

Latest News Ag Business

Margins Tight, But Loan Renewal Season Went Relatively Well

Published April 22, 2019

Decent yields this past year helped farmers start 2019 in better financial condition than anticipated. AgCountry Farm Credit Services President/CEO Marc Knisely says large crop inventories remain in the bin "and because it was a wet, late harvest, a number…

Articles tagged under: farm equipment

Demand For Used Farm Equipment Strengthens

Ag Equipment Industry Outlook Highlighted at Commodity Classic

Increase in Q3 Sales for AGCO

AGCO Reports Lower Q2 Net Income

Lower Q1 Net Global Sales For AGCO

Prices Steady for Used Farm Machinery

Steady Q3 Income for Titan Machinery

ND Farm Equipment Law in the Courts

Margins Tight, But Loan Renewal Season Went Relatively Well

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