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Unit sales for tractors and combines are improving 7/30/2010 According to AEM’s unit sales data for tractors and combines last year was very bleak for equipment sales in general, with tractors taking a hit across all categories in the US as well as in Canada while 4-WD machines ended the year with a slight gain in the US. Combines still showed double-digit growth in 2009 for both countries, though sales were down from even higher levels of growth in 2008. 7/27/2010 The Tonutti Group has named Filippo Marangoni for the position of corporate export manager. 7/23/2010 The latest California Vegetable Review from the Sacramento, Calif., Field Office of the National Agricultural Statistics Service: 7/1/2010 John Inman, 69, of Salinas, passed peacefully with his wife and daughter at his side June 28, 2010, at Salinas Valley Memorial Hospital following a stroke. 6/1/2010 As of March 15th 2010, the Tonutti Group has assigned to Andrea Maselli the position of Managing Director. 5/28/2010 Agriculture Secretary Tom Vilsack today issued the following statement on the most recent U.S. Agricultural Trade Outlook Forecast for fiscal year 2010: 5/26/2010 Agricultural equipment industry veteran, Doug Rehor, has been appointed the new CEO of McCormick International USA, Inc., a division of ARGO Tractors and part of ARGO S.p.A., a holding company owned by the Morra family in Italy. 5/24/2010 In Florida, where growth of spring vegetables was slowed by periods of cool, wet and windy weather, growers expect to harvest nearly one-third of U.S. spring area for the 11 selected crops. Florida’s area is expected to rise 6 percent from a year ago due to increased area for snap beans, cucumbers and cabbage. 5/19/2010 Traditional farm programs have not played well in California. The No. 1 agricultural state in the nation ranks ninth among 50 states in subsidies from 1995 through 2009. 5/13/2010 The reason USDA is showing a decline in beef production is that it takes a cattle producer at least two years from making the decision to increase herd size to having cattle ready for market. 3/9/2010 The Regional Business Conditions Survey is FAXed monthly to two or three members per geographic region (see map), and requests information on general business conditions, factors influencing sales, weather, crop conditions, etc. 2/22/2010 Respected hay market analyst Seth Hoyt predicts 2010 spring California supreme alfalfa hay prices at $15 to $25 per ton over a year earlier. 2/20/2010 The gradual economic recovery is strengthening the 2010 outlook for U.S. agriculture. 2/4/2010 Satellite guidance systems for tractors burst upon the American agriculture scene in the 1990s, leading the way to an era of precision agriculture that has quickly matured, with many opportunities ahead. 2/1/2010 In 2009, commodity and livestock prices were lower than they were in 2008. Net farm income dropped by 38 percent compared to 2008, according the U.S. Department of Agriculture. However, Georgia's net farm income should improve in 2010. 12/30/2009 The recent Italian Farm Equipment convention in Laguna Nigel, California was an opportunity for Italian farm equipment manufacturers and US farm equipment distributors and importers to meet and conduct business. 12/14/2009 Simone Bertazzo’s bob starts again. In the first trial for the two-man bobsled World Cup that took place in Park City on 14th November 2009, Simone Bertazzo was classified 13th. Tonutti was confirmed as sponsor for the 2009-2010 season. 12/1/2009 "Vidalia onions continue to be the greatest revenue generator among vegetables with almost $140 million in 2008. In terms of acres, sweet corn is No. 1, passing even watermelons, which are notorious for needing a lot of room." 11/30/2009 Assemble a couple hundred people for a field day on California olive oil production and somebody is certain to make a quip about foreign oil. 11/23/2009 There are 2.2 million commercial farms in the U.S., each producing crops or livestock valued at a minimum of $250,000. 9/16/2009 The new Batrake is designed according to farmers needs: - High clearance where the raked hay goes through;... 9/3/2009 Carlo Tonutti, President of the Tonutti Group, has been invited by the Secretary General of the United Nations Ban Ki-moon to participate in the Forum on Climate Change organised by the UN at its New York headquarters and that will be held on September 22, 2009. 9/2/2009 2008 financial statements were presented to stakeholders at the head office of the Faresin Group, the holding company which includes Faresin Building Spa, Faresin Industries Spa and Meccanica Breganzese Spa. 7/31/2009 Agriculture Secretary Vilsack today announced that the Obama Administration is taking immediate action to support struggling dairy farmers by increasing the amount paid for dairy products through the Dairy Product Price Support Program (DPPSP). USDA estimates show that these increases, which will be in place from August 2009 through October 2009, will increase dairy farmers' revenue by $243 million. 7/28/2009 Tonutti S.p.A., a World renown manufacturer of machinery for the hay and forage sector, has today formalised the acquisition of 30% of Storti International, a leader in the production of mixer wagons and telescopic handlers. 5/28/2009 McCormick Tractors International Ltd. USA, a unit of Argo S.p.A, has named Alan Hargis as the new vice president of sales for McCormick International USA Inc. 4/19/2009 Washington — After initially sparing much of the agriculture industry, it looks like the recession is starting to reach down to the farm. Prices for commodities have fallen as much as 50 percent in recent months. 3/30/2009 More and more Americans have been buying a few acres land in the country. Coming from all walks of life, they have different backgrounds, are all ages and they have different uses for the land they buy. Some build dream homes on deep expanses of lawn, others simply consider their acreages a part-time respite from the city, and others want room for a few farm animals, an orchard or a garden. 3/18/2009 This new rake is designed for hay producers looking to harvest high-quality hay quickly. The new TCR offers enhanced performance for hay producers working in 18’ 8” to 23' 4” raking widths. 2/15/2009 Andy Pace is the new National Sales Manager at TONUTTI USA - S&T Dist. - Memphis, Tennessee. He will be responsible for the management and development of the dealer market segment in North America for Tonutti USA. 12/31/2008 The Association of Equipment Manufacturers has released its annual forecast for U.S. and Canadian agricultural machinery sales, providing an overall snapshot of manufacturers' predictions for 2009 business. Tractor sales in the United States for 2009 are expected to be strongest for 4-wheel-drive tractors and the 100-horsepower-and-over 2-wheel drive tractors, with Canadian sales strongest for 2-wheel-drive tractors in the under-40-horsepower range. For combines, stronger growth is seen for the U.S. market than for Canada, according to the AEM survey predictions. 10/15/2008 According to the Association of Equipment Manufacturers' monthly "Flash Report," the sales of all tractors in the U.S. for September 2008 were up 5.8% compared to the same month last year. 9/3/2008 California posted total record sales of agricultural commodities of $36.6 billion in 2007, an increase of 15 percent over the previous year's total of $31.8 billion, according to a report issued last week by the U.S. Department of Agriculture's National Agricultural Statistics Service and Economic Research Service. 8/19/2008 Economists, farmers and food industry experts told a Senate Agriculture Committee hearing in Omaha Monday that demand for corn and soybeans for biofuels will continue to drive food costs higher, even though rising energy costs in general are the main cause of food price inflation. 7/24/2008 World demand for agricultural equipment is forecast to rise 3.8% per year through 2012 to $112 billion, according to a report by The Freedonia Group, Inc., a Cleveland-based industry market research firm. 6/22/2008 Raging Midwest floodwaters that swallowed crops and sent corn and soybean prices soaring are about to give consumers more grief at the grocery store. In the latest bout of food inflation, beef, pork, poultry and even eggs, cheese and milk are expected to get more expensive as livestock owners go out of business or are forced to slaughter more cattle, hogs, turkeys and chickens to cope with rocketing costs for corn-based animal feed. 6/17/2008 According to the Association of Equipment Manufacturers' monthly "Flash Report," the sales of all tractors in the U.S. for May 2008 were down 9.2% compared to the same month last year. 5/30/2008 The U.S. Department of Agriculture on Friday bumped its quarterly ag export forecast by $7.5 billion. For the fiscal year, that means a $26.5 billion increase in anticipated ag exports over previous estimates. 5/19/2008 According to the Association of Equipment Manufacturers' monthly "Flash Report," the sales of all tractors in the U.S. for April 2008 were down 6% compared to the same month last year. 1/14/2008 Remanzacco, Italy – Tonutti S.p.a., today announced that it has purchased from Tecnoagricola, the technology and manufacturing rights to its innovative Air Seeder product, including the patented Collovati Opener® technology. The acquisition has been signed mid-December with Tecnoagricola’s founder, Mr. Mauro Collovati, giving birth to a new brand: Tonutti Technoagricola. 11/1/2007 U.S. and Canadian retail sales of tractors and combines are expected to grow overall in 2008, led by four-wheel drive tractors, according to the yearly agricultural equipment "outlook" report of the Association of Equipment Manufacturers (AEM). Demand is expected to be generally positive for the majority of other types of agricultural machinery covered in the AEM survey. 9/12/2007 Sales of tractors and combines rose in August, boosted by demand for higher horsepower tractors, according to a recent report by the Association of Equipment Manufacturers. Total sales of farm wheel tractors increased 2.9 percent to 17,209 from 16,727 in August 2006, the report said. 8/15/2007 MOLINE, Ill. -- For more than a century, Deere & Co. has relied on dealers to sell its iconic John Deere tractors and other farm equipment. Deere dealers like to brag that they "bleed green," the company's trademark color. 8/6/2007 An interactive map of the equipment industry’s Sales Tax Exemptions has been added to the Web site of the North American Equipment Dealers Association (NAEDA). 7/31/2007 AGCO Corporation has announced it has agreed to acquire 50 percent of Laverda S.p.A from the Italian ARGO group, subject to approval. 7/2/2007 Carlo Tonutti, President of Tonutti Farm Machinery, Remanzacco, UD, Italy, has been reconfirmed as Vice President of UNACOMA (Italian Agricultural Machinery Manufacturer Association) for the next three years (2007 – 2010). 6/15/2007 We’ve been keeping a close eye on tractor sales ever since the subject of ethanol, a renewable fuel derived from corn, really took hold and sparked speculation over the degree to which demand for it would impact sales of farm equipment. 6/5/2007 A very signficant NEW ENTRY for the Tonutti Group of Remanzacco (Udine, Italy). April 30th 2007 marked Tonutti’s acquisition of Wolagri S.r.l. in Suzzara (Mantova, Italy), manufacturer of hay making and hay handling machinery (balers, bale wrappers and bale shredders). 4/30/2007 AEM has completed phase one of a database of "industry recognized" pictorial illustrations for voluntary use in the design of equipment safety signs, manuals and other training materials. 3/30/2007 Bologna, Italy - For any journalist attending EIMA, there are so many exhibits with interesting equipment that it is hard to make choices for those that will end up in print. It’s the same for North American dealers, distributors, manufacturers who attend EIMA to look for new and innovative machines for their diverse markets in the U.S. and Canada. 3/30/2007 With farm labor harder and harder to get, growers in California’s vegetable industry are turning to machines to get them through the season. From transplanters that allow one operator to plant two rows to harvesters that can handle even the tenderest of spring mix, the world of lettuce and greens is increasingly a mechanized one. 3/28/2007 Exports of U.S.-made farm machinery totaled $7.3 billion in 2006, a gain of more than 10 percent compared to the previous year, according to data released by AEM. The North American-based international trade group produces a quarterly “global markets” report consolidating U.S. Commerce Department data. 3/28/2007 The Tonutti Company is pleased to announce that Michelle has been appointed as the new Office- and Customer Support Manager at TONUTTI USA - S&T in Memphis, TN 3/2/2007 Agriculture Secretary Mike Johanns yesterday announced an increase in the forecast for agricultural exports to a record $78 billion for fiscal year 2007. 3/1/2007 Tonutti Company announces the strengthening of its presence in the United States with the expansion of its sales and service facility in Memphis, TN. 2/14/2007 Tonutti Company, together with UNACOMA and the University of Udine (Dept. of Ag Science & Technology), has developed a new machine to harvest hemp. 2/13/2007 The Association of Equipment Manufacturers (AEM) reported January 2007 U.S. agricultural machinery sales were lower for row crop tractors (down 19.9%), small tractors (down 13.7%), utility tractors (down 0.2%), and four-wheel-drive tractors (down 8.1%), but were higher for combines (up 20.3%). 1/31/2007 Secretary of Agriculture Mike Johanns today unveiled USDA's 2007 farm bill proposals. The more than 65 proposals correspond to the 2002 farm bill titles with additional special focus areas, including specialty crops, beginning farmers and ranchers and socially disadvantaged producers. 1/17/2007 Growing farmer confidence that the rapidly expanding ethanol industry could sustain high commodity prices may bolster farm equipment sales in 2007 12/8/2006 FRESNO, Calif. (AP) -- An E. coli outbreak that has sickened nearly five dozen people in the Northeast is prompting concern among West Coast farmers after officials announced that scallions suspected as carriers of the bacteria came from a Southern California farm. 12/1/2006 A booming ethanol industry that has driven up corn prices will have long-term repercussions for cattle feeders who compete for those same feed grains to fatten their animals, market analysts told the Kansas Livestock Association Thursday. 11/30/2006 Net farm income in the United States is expected to total $58.9 billion in 2006, a 20% drop from last year, the Department of Agriculture said Thursday. 10/20/2006 World demand for agricultural machinery and equipment is forecast to rise 4.8 percent per year through 2010 to $89 billion. Fueling gains will be accelerating global economic activity, which will bolster farmers' income levels and enable them to purchase newer machinery and equipment, particularly in developing countries. These and other trends are presented in "World Agricultural Equipment," a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm. 10/20/2006 Campodarsego (Padua), October 20th 2006 – Carraro SpA, leader in the automotive systems, and Antonio Carraro SpA, leader in the production of multifunctional tractors for specialised cultures, have signed a commercial agreement today. 10/12/2006 McCormick International USA, a division of ARGO Tractors and part of ARGO S.p.A. has appointed Simeone Morra to president of McCormick USA effective immediately. 10/5/2006 Periodically, staff members within the Department of Agricultural and Consumer Economics estimate the costs of completing field, forage and harvesting operations on Illinois farms. For selected field and harvest operations, machinery costs are between 11% and 44% higher in 2006 than in 2005. Fuel prices, interest rates and rising new equipment list prices contributed to the increase. 9/19/2006 SALINAS, Calif. - Farmers in the self-proclaimed "Salad Bowl to the World" started plowing their spinach crops under and laying off workers as government inspectors examined fields and packing houses Tuesday for the source of the deadly E. coli outbreak. 9/19/2006 TRENTON, N.J. (AP) -- Almost overnight, the market for spinach has evaporated amid a national health scare, leaving growers nervous as the fall harvest is about to begin. 9/18/2006 Georgia's cattlemen have a lot to beef about this year. A drought since the spring has hurt pastures and forced some producers to reduce their herds because they don't have enough grass to graze them. Some had to purchase hay to sustain their herds, or use hay they would normally store for winter feeding. 6/30/2006 Oakwood, GA: June 29, 2006: The Greater Hall Chamber of Commerce and Pattillo Construction Company announce a Ground Breaking Ceremony for FAE USA on Monday, July 10 at 10:00 a.m. at Oakwood South Industrial Park in Oakwood, Georgia. 6/6/2006 U.S. farm exports will total a record $67 billion for the year ending Sept. 30 thanks to higher prices and larger corn exports, the U.S. Department of Agriculture forecast last week. The new forecast was up $2.5 billion from an estimate made in February. USDA forecast agricultural imports of $65 billion for fiscal year 2006, up $1.5 billion from February. 5/31/2006 TONUTTI announces the aquisition of Bimek S.r.l., a manufacturer of finishing mowers and tillers. The company is located in Ripa Teatina (Chieti) in the central part of Italy near the adriatic cost. 5/23/2006 It is time to start planning if you want to attend EIMA 2006, Nov. 15-19 5/22/2006 There is a story behind the stylized logo of the Tortella manufacturing company. The two figures on either side of the anvil represent two brothers, Donato and Michele Tortella. 5/20/2006 Enorossi announces the acquisition of Bacchetti, an Italian manufacturer of backhoes for small tractors. This new product line of backhoes includes a range of models that can be mounted on a wide range of tractors. According to Mr. Adelmo Giovannini, the models include "side shift and central pivoting backhoes which are very popular in the US”. 5/10/2006 Sales of tractors and combines to farmers in North America fell in April, according to a closely watched report released on Wednesday. 5/9/2006 The burgeoning ethanol industry is changing the economic landscape of rural America, as companies pour billions of dollars into production plants in a race to meet demand and ease America's addiction to gasoline. 1/5/2006 Wall Street machinery analyst David Bleustein continues to see a downword trend this year. Bleustein, an analyst with UBS Investment Research, expect 2006 farm equipment sales to fall 5%-10% driven by depressed farm commodity prices, elevated input costs (notably energy), rising interest rates, difficult machinery comparisons from 2005 and the uncertainty created by potential changes in U.S./European farm support programs. 1/2/2006 ORLANDO, Fla. - Hurricanes made 2005 one of the worst years in recent memory for agriculture in Florida, which supplies more than half of the nation's fresh vegetables between November and February. 12/12/2005 Over the next 15 years, American agriculture will remain a productive and profitable venture, but the industry will look considerably different than it does today. According to a two-year Farm Bureau study, U.S. agriculture’s future will include a drastically changed government farm program, continued consolidation of production, and the adoption of additional environmental practices dictated by the marketplace. 11/23/2005 Farmers hanging onto worn-out equipment because of the tax code’s outdated depreciation system soon could have a new incentive to purchase the latest tractor, combine and other agricultural machinery. 10/25/2005 DURAND, ILL. – The weather for Bernie Walsh's harvest has been close to ideal: an endless run of clear, warm, dry days. It's a welcome change after the troubling summer drought, and the computer that measures corn yields as his combine slices through the fields gives more good news: he's bringing in more corn than he expected. 10/12/2005 Washington - Despite a hurricane that flattened sugar cane fields last month in Louisiana and drought that persisted in the Plains, weather has failed to slow the nation's corn, rice, soybean and cotton crops, the Agriculture Department said Wednesday. 10/11/2005 Chicago - U.S. farm equipment sales rose in September, topping last year's monthly numbers for the first time in six months, a report showed on Tuesday. 9/28/2005 TRENTON, N.J. - The intense heat wave and dry spell over the second half of the summer has left many New Jersey farmers burned up — just like some of their crops — over reduced yields. 9/20/2005 WASHINGTON, Sept. 20, 2005 - Agriculture Secretary Mike Johanns today released a preliminary assessment of U.S. agricultural production losses due to hurricane Katrina in the mid-south and drought in the eastern Corn Belt. The report estimates hurricane-related losses to be nearly $900 million. 9/8/2005 CNH Global N.V., one of the world's largest manufacturers of agriculture and construction equipment, today announced it will donate more than $1 million of Case and New Holland construction equipment to support ongoing relief and restoration efforts related to Hurricane Katrina, which devastated several Gulf Coast states. The contribution includes approximately $200,000 of construction equipment from Kobelco, its global alliance partner. 9/1/2005 Net farm income this year is seen down $10.7 billion from last year's unprecedented highs. USDA on Wednesday forecast this year's net farm income at $71.8 billion, down about 13% from the record $82.5 billion estimated for 2004, which was up on favorable market and production conditions. 9/1/2005 Conservative estimates put a $1 billion price tag on the damage done directly to crops and livestock by Hurricane Katrina, according to Terry Francl, senior economist with American Farm Bureau Federation. He says an additional $1 billion in indirect costs could result from a growing waterway shipping crisis and soaring fuel prices. 8/31/2005 WASHINGTON (AP) -- Hurricane Katrina interrupted farm shipments through New Orleans, where more than half of the nation's grain exports depart for overseas. 8/12/2005 The worst drought in 17 years, affecting large parts of the U.S. farm belt, is pushing up commodity prices and will boost demand for farm equipment from manufacturers like Deere & Co., analysts said on Thursday. 7/27/2005 LAKE FOREST, Ill., July 27 /PRNewswire-FirstCall/ -- CNH Global N.V. (NYSE: CNH - News) today reported second quarter 2005 net income of $114 million, compared to second quarter 2004 net income of $83 million. Results include restructuring charges, net of tax, of $4 million in the second quarter of 2005, and $24 million in last year's second quarter. Second quarter diluted earnings per share were up 36% to $.49, compared to $.36 in the second quarter of 2004. 7/1/2005 Soaring gas prices might force some Americans into smaller vehicles, but they're pushing farmers into bigger Bush Hogs. 6/28/2005 Just months after Illinois farmers reaped a record harvest of nearly 2.1 billion bushels of corn, most of the state is so dry that some worry this year's crop could be lost. 6/24/2005 Tests have confirmed mad cow disease in a U.S. cow previously cleared of having the brain wasting illness, the Agriculture Department said Friday. It is the second case of mad cow disease in the United States. 6/21/2005 At the National Farm Machinery show in Louisville, Kentucky, Enoagricola Rossi srl, CALZOLARO – UMBERTIDE (PG), Italy, presented a new autosteer Y Rake. 6/15/2005 According to preliminary results of UBS’ 18th Semiannual Agricultural Dealer Survey, farm equipment dealers believe 2005 machinery sales will be roughly flat with 2004 — 0% to 5% — which is significantly less optimistic than they were 6 months ago. 6/15/2005 On Saturday, June 11th the headquarters of the Tonutti Group was inaugurated at Remanzacco, Italy. The offices were blessed by Cardinal John Tracogna with the presence of many politicians and high rank authorities along with many other guests. 5/27/2005 After two years of drought and the fallout from mad cow disease, farmers’ net cash receipts rebounded last year to $6.3 billion, reported Statistics Canada this week. The agency said producers saw their net cash incomes – the difference between cash receipts and expenses – rise 34.4 per cent from the low received in 2003, although this was still 1.0 per cent below the previous five-year average. 5/25/2005 The U.S. Department of Agriculture Economic Research Service and Foreign Agricultural Service have released its outlook for 2005 U.S. agricultural trade. U.S. agricultural exports are forecast at $60.5 billion, up $1.5 billion over the February estimate but remain $1.8 billion below the record set in 2004. 5/22/2005 Agriculture is booming in Brazil, and U.S. farmers are taking notice. Buffeted by high production costs, low market prices and the World Trade Organization, Americans increasingly look to low-cost, low- wage Brazil for economic survival. 5/13/2005 FRESNO, Calif. (AP) -- The farmers who grow many of the fresh fruit and vegetables for the nation's dinner tables say the rising cost of oil is making this one of their toughest planting seasons yet. 5/13/2005 At the National Farm Machinery show in Louisville, Kentucky, Tonutti Farm Machinery, Remanzacco (UD), Italy, presented two new machines: the carted hay rake series EAGLE and the finishing mower series FM. The firm notes the two machines drew a large crowd of people and had an incredible success not only with the Tonutti distributors, but also with dealers and farmers who showed great interest. 5/11/2005 The 2004 Monterey County Crop Report was released today and revealed that the county's agricultural companies produced $3.4 billion in products, up 3 percent from the previous year, according to Agricultural Commissioner Eric Lauritzen. 4/19/2005 All of the former US Secretaries of Agriculture today sent a letter to every member of Congress urging support of CAFTA-DR, the Free Trade Agreement with Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua. 3/22/2005 The 35th anniversary edition of the EIMA – the annual Italian farm and gardening extravaganza – was one of the largest and best I have attended. Several changes to the previous years’ format simplified the exhibition for visitors. 2/24/2005 The United States will export $59 billion worth of farm goods in fiscal 2005, up from a previous forecast of $56 billion due in part to larger shipments of pork, cotton and oilseed products, the U.S. Department of Agriculture said Thursday. 2/24/2005 Canadian farm revenue rose 7.5 percent last year as crop production rebounded after two years of drought. Revenue collected by farmers and ranchers climbed to C$36.8 billion ($29 billion) from C$34.2 billion in 2003, Statistics Canada said in Ottawa today. Crop receipts rose 11 percent to C$14.7 billion. 2/11/2005 LIVE OAK, Calif. (AP) -- Rice grower Frank Rehermann contemplates his 33rd spring planting while worrying about the lowest crop prices he has ever seen. And not only that, he is hearing troubling things from the federal government, his silent partner on 900 acres about 60 miles north of Sacramento. 2/11/2005 U.S. agriculture equipment makers, coming off a solid 2004, face a much different picture this year due to uncertainties in Brazil and other South American countries, analysts said. 2/7/2005 The Bush administration proposed a $587 million cut in farm subsidy spending for fiscal 2006 and, tackling a sore subject in farm country, a "hard" cap of $250,000 on the maximum payment per farmer on Monday. 2/5/2005 Compact tractors and smaller farm machinery designed to meet the needs of "urban farmers" is a fast-growing market segment for manufacturers. 2/3/2005 CNH Global N.V. today reported a fourth quarter 2004 net income of $26 million, compared to a fourth quarter 2003 net loss of $111 million. These results include restructuring charges, net of tax, of $22 million and $140 million, respectively, in the two periods. Fourth quarter 2004 basic earnings per share were $.19 ($.11 per diluted share), compared to a net loss of $.84 per share ($.84 per diluted share) in the fourth quarter of 2003. 1/31/2005 U.S. farm numbers declined in the two smallest economic sales classes and rose in the three largest economic sales classes last year compared with 2003, USDA said in a report released today. 1/12/2005 PRNewswire-FirstCall via Yahoo (January 13, 2005) - CNH Global N.V. and its global alliance partner Kobelco Construction Machinery Co., Ltd., have jointly pledged to contribute $1 million in aid to the areas devastated by the Indian Ocean earthquake and tsunami that struck on December 26, 2004. 1/11/2005 OMAHA (DTN) -- The Washington Insider reported that a top budget aide for Senate Majority Leader Frist said the Bush administration plans to freeze most spending in programs for agriculture to help cut the budget deficit in half by fiscal 2009. 12/30/2004 Despite a weak U.S. dollar that makes their goods more expensive and hampers competitiveness, Italian farm equipment manufacturers look increasingly to America to increase sales and profits. 12/29/2004 FRESNO, Calif. - The Central Valley's dairy, cotton, fruit and vegetable farms are the newest front in the fight to clean up one of the nation's dirtiest air basins. 11/29/2004 ABERDEEN, S.D. - It's been a banner year for farm implement dealers, which has helped create a shortage of farm equipment. 11/23/2004 CHICAGO (Reuters) - Deere & Co. (NYSE:DE - News) on Tuesday reported a five-fold increase in quarterly profit, as strong commodities prices and a big U.S. harvest spurred farmers to buy new equipment. 11/23/2004 WASHINGTON - U.S. farm exports will plunge by 10 percent to just over $56 billion in 2005 as soaring crop production around the world lowers prices and results in greater competition for U.S. farmers, the Agriculture Department predicted Monday. The projected decline follows a year in which sales of American farm products hit an all-time high of $62.3 billion for the 12 months ending in September, the department reported. 11/6/2004 The J.G. Boswell Co., the largest farming company in the U.S., does things on a massive scale in California’s San Joaquin Valley but still shares concerns of other farmers when it comes to operating tractors and implements for the greatest efficiency. Speaking at the 12th Italian Farm Machinery Convention held recently at Monterey, John P. Rodrigues, Boswell’s Corcoran-based manager of equipment and harvest, discussed how his organization keep hundreds of pieces of equipment running for the best effect. 10/28/2004 The Italian Farm Equipment Convention recently held in Monterey, California provided an opportunity for Italian farm equipment manufacturers to meet with farm equipment distributors from the US, Canada, and Mexico. The convention, number 12 in the series, was sponsored by the Italian Trade Commission and was part of a program to promote Italian farm equipment in the US. 10/20/2004 MONTEREY, Calif. — As it adjusts to consolidation and other changes in agriculture, the farm equipment industry must not only cope with tightening competition but also anticipate needs of a more diverse clientele, one, two, or maybe three years ahead of sales. 10/12/2004 Wall Street machinery analyst David Bleustein likes what he's seeing this year. Bleustein, an analyst with UBS Investment Research, suggests purchases of large farm machinery will increase 15% in 2004. However, he expects Farm Machinery Sales to decelerate in 2005. |
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