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...This covers the innovator providing affordable tractor hire and equipment financing so rural communities in Africa benefit from increased farmer yields and incomes....
...Shares of the maker of iconic green tractor closed 3.1 per cent lower, trimming an earlier drop of more than 7 per cent....
...Farm production and construction activity globally have generally remained strong, which helped the maker of John Deere tractors on Friday report better than expected third-quarter results and raise its...
...The US, where Ashtead trades under the name Sunbelt Rentals, accounts for about 90 per cent of the company’s revenue....
...Ashtead, the equipment rental group, said a surge in US construction activity amid the move by businesses to “onshore” manufacturing boosted profits by almost a third....
...Take AGCO, a US-listed company that has been making tractors and other farming equipment since the 1990s....
...US tractor maker Deere lifted its full-year profit outlook as strong demand boosted revenue and earnings in the second quarter....
...The company has raised prices on its portfolio of products, which includes its iconic green tractors and construction vehicles, as it contends with higher input costs....
...Deere: The maker of green John Deere tractors reports quarterly earnings before the opening bell....
...Sales at the US tractor maker increased 37 per cent to $15.36bn in its latest quarter, the company reported on Wednesday, driven by higher prices and strong demand for its agriculture and construction equipment...
...Washing tractors and other equipment requires further supplies, but the family retrieves water from cleaning the milking machinery to sluice the milking room....
...“I’m talking about tractors with 400hp and 30m spans of equipment that we can now drive over hundreds of metres to 2cm of precision.”...
...The company also cut its full-year earnings guidance from a range of $7bn-$7.4bn to $7bn-$7.2bn. Price hikes on equipment will help absorb some of Deere’s higher costs....
...Deere, the US tractor maker, turned in a solid performance on Friday....
...So he’s willing to pay money for that regardless of whether he’s driving your tractor or a tractor from another brand.”...
...as customers place early orders for its equipment....
...At an agricultural trade show, some Belarusian companies displayed Chinese rather than Russian substitution equipment....
...Bamford has teamed up with Effect Doctors, a healthcare company that offers medical assessments including biometric and blood tests....
...Agricultural firms are struggling to source tractor tyres, while airline companies are unable to secure foreign components to repair their planes. The hit has already been significant....
...Take the Hello Tractor app, designed to help farmers rent agricultural equipment and founded by a Kenyan entrepreneur, or Niger’s Tech Innov, a tele-irrigation system that automatically monitors temperature...
...The US maker of tractors and combines on Friday reported first quarter net income up 17 per cent year-on-year to $2.1bn, edging past analysts’ estimates....
...The Illinois-based company on Friday said it expected 2022 net income to increase 12 per cent to 19 per cent from the previous year to between $6.7bn and $7.1bn, up from its previous forecast of $6.5 to...
...Deere said last month it continued to see strong demand for its equipment and raised its profit outlook for the year....
...Our tractors should be ploughing fields and feeding the world, but instead too many of them spend time towing broken down and captured Russian equipment....
...For several years, for instance, these companies have shipped large quantities of industrial materials and equipment on ships from Russia through the port of Douala in Cameroon....
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