7-30-2024 |  Biweekly eNewsletter

Do you have a news story from your dealership that you want to share with your fellow dealer members? Email the details to us at marketing@ineda.com!

AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced it has entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners ("AIP") in an all-cash transaction valued at $700 million, subject to working capital and other customary closing adjustments.

Read more »

Monarch Tractor, creator of the MK-V, the world's first fully electric, driver-optional smart tractor and Wingspan Ag Intelligence (WingspanAI) farm management platform, has today announced a history-making $133 million Series C, making it the largest funding raising round in agricultural robotics history.

Read more »

Replenished dealer fleets and declining customer demand contributed to a year-over-year decline in Volvo CE’s second-quarter net sales.

Volvo CE reported net sales of roughly $2.3 billion in its second quarter, down from $2.7 billion in its 2023 second quarter, a decline of 15.8%. Service revenue was up 2%, while net sales of machines were down 19%.

 Read more »

Bobcat is on the way toward increased development of automation with a restructuring of its parent company that would merge the equipment manufacturer with Doosan Robotics.

The goal, the company says, is to realize the “sizable future growth opportunity” of the robot industry and the “autonomous/automation megatrend.”

 Read more »

Gov. Jim Pillen’s property tax proposals were officially introduced Thursday in the Nebraska Legislature, which included a major tax credit program instead of reducing school district tax rates to provide relief.

State Sen. Lou Ann Linehan of Elkhorn, the Legislature’s Revenue Committee chair, introduced Legislative Bill 1 on Thursday on Pillen’s behalf. While the governor and his staff have said the end goal is reducing all local school district general fund levies to 0 by 2027, the final bill took the form of a massive property tax credit program instead of a previously pitched three-part levy reduction.

Read more »

Minnesota's right-to-repair law, called the "Digital Fair Repair Act," went into effect on July 1, 2024. With its enactment, Minnesota joins California, Colorado, Maine, Massachusetts, and New York as the sixth state to enact a law protecting an equipment owner's right to repair their equipment as they see fit.

Minnesota's law does not apply to agricultural equipment - meaning Colorado remains the only state to have enacted a law permitting farmers to repair farm equipment themselves.

 Read more »

Farm Progress is excited to launch a new program, Women in the Field, at its 2024 events. This initiative aims to recognize the contributions of women in agriculture, increase female representation across the Farm Progress brands and foster long-lasting relationships that align with the future of the agriculture industry.

"We believe that empowering women in agriculture is essential for the industry's growth. The Women in the Field program celebrates their contributions and provides a platform for meaningful conversations. We look forward to growing this program in the future," said Emily Mauermann, Farm Progress director of marketing and product development.

Read more »