Farmers Business Network, the global AgTech platform and farmer-to-farmer network, announced its lending unit, FBN Finance, has surpassed $1 billion in operating lines, helping farmers gain affordable access to capital in a tough interest environment...
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March 15, 2024, 06:00 AM
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BMO Canadian Business Banking announced the launch of Greener Future Financing – its first climate financing program – which has been developed to help agriculture businesses looking to build future-ready, climate resilient operations. To help...
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April 24, 2023, 07:12 AM
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First National Bank announced Josh Manternach has joined First National Bank’s Osceola Main branch in Iowa, where he will be serving as an agricultural and commercial lender.Manternach has an extensive agricultural background in sales, service...
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November 11, 2021, 07:10 AM
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First Bank & Trust Company hired Austin Phipps as a new Vice President . Phipps will join both the agriculture and commercial lending divisions of the bank. While Phipps's office will be based in Abingdon, he hails from Grayson County, Virginia and...
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August 16, 2021, 07:12 AM
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Rabobank and TELUS Agriculture have acquired Conservis, a company that integrates disparate farm technologies into one streamlined interface to manage the business of farming. Together, Rabobank and TELUS Agriculture bring the expertise, experience...
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July 20, 2021, 07:00 AM
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Capital Farm Credit announced the following additions to its Executive Management Team: Jon Hutchinson was named Chief Credit Officer; Sally Lawson was named Chief Financial Officer; Phil Peabody was named Chief Lending Officer; and Glenn Trant was...
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March 23, 2021, 07:15 AM
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Key Equipment Finance, a division of KeyBank and one of the largest bank-owned equipment finance providers in the U.S., has named Chuck Sharbrough Senior Vice President and Director for Food, Beverage and Agriculture.In this role, Sharbrough will be...
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March 10, 2021, 07:25 AM
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Continued adoption and integration of new technologies to improve crop yields and meet the soaring demand for food are expected to be key influencers for growth in the agriculture market, according to a new study, Vertical Market Outlook Series:...
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January 29, 2020, 07:24 AM
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Utica Leaseco announced the completion of two transactions totaling over $800,000 during the week of September 23-27.
$450,000 secured by machinery and equipment to a current Utica customer, operating within the construction industry. The customer...
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September 30, 2019, 07:10 AM
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Capital One announced it has named Mak Kern as a Director on its Food, Beverage & Agriculture (FB&A) specialty banking team. The FB&A group specializes in leveraged lending and full-service corporate banking to private, public and sponsor-backed...
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April 25, 2019, 07:05 AM
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Boston Financial & Equity recently closed a $900,000 equipment lease for a startup company that provides service to the agricultural industry.The company helps farms take a high-tech approach to improve yield and revenue, with the largest cloud-based...
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December 05, 2018, 07:10 AM
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Advance Acceptance, a division of First Western Bank & Trust, announced a partnership with Intelligent Ag Solutions (Intelligent Ag) to offer equipment finance programs for agricultural customers.“We’re excited to offer flexible financing and payment...
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September 20, 2017, 07:00 AM
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Indoor Harvest Corp, through its brand name Indoor Harvest®, is a solutions provider to the vertical farming and indoor agriculture industry. Indoor Harvest is pleased to announce an alliance with OneWorld Business Finance through its division US...
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January 16, 2017, 07:05 AM
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Advance Acceptance is partnering with no-till agriculture manufacturer Exapta Solutions of Salina, Kansas, to offer equipment finance services."We're pleased to now offer financing by a top-shelf company, Advance Acceptance, for our UniForce products...
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December 28, 2016, 07:07 AM
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U.S. retail sales of tractors under 40HP and 40-100HP rebounded in August, while sales of the larger tractors as well as combines continued their double-digit declines, according to the latest monthly data from the Association of Equipment...
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September 19, 2016, 07:10 AM
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Overall U.S. retail sales of ag tractors and combines continued to beat the 5-year average as 2016 hit the midyear mark, with smaller tractors still the sales leader, according to data from the Association of Equipment Manufacturers (AEM), the...
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July 15, 2016, 07:11 AM
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Wells Fargo has named Gene Peterson head of its National Food and Agribusiness Division. He will direct the division’s continuing national growth and as part of the bank’s commitment to American farmers and food producers. Peterson, a...
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June 10, 2016, 07:18 AM
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Stonebriar Commercial Finance's Rail Leasing group announced it has completed a $6 million purchase of 5,161 c.f. Covered Hoppers on lease to a U.S.- based global agribusiness. The purchase represents the continued growth of the rail leasing platform...
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April 15, 2016, 07:30 AM
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After several years of rising row crop prices, a perfect storm of high crop production (in excess of demand), a sharp correction in grain values and contracting farmer margins in mid-2014 has resulted in declining sales of agricultural equipment...
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October 01, 2015, 07:03 AM
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Stonebriar Commercial Finance has provided a $10 million lease financing to a major Agricultural distributor. The Lessee is a national best-in-class independent distributor of agricultural input products, including seed, fertilizer, crop protection...
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September 03, 2015, 07:10 AM
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Business Capital has secured a $5MM growth capital facility for Hortau, a SaaS/Ag platform and pioneer in designing and manufacturing technology-enabled soil monitoring and irrigation management systems for agricultural applications. Its patented...
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May 28, 2015, 06:00 AM
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On April 1, 2015, JCB Finance began partnering with Bank of the West as a branded virtual joint venture (VJV) captive finance company. With this agreement Bank of the West will handle all retail and leasing transactions for JCB’s U.S. based...
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May 05, 2015, 06:55 AM
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Despite an underwhelming performance in 2014, the near-term prospects for the U.S. food and beverage industry are encouraging, according to a new report from BMO Economics."Although margins and profitability fell short of lofty expectations in 2014...
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March 16, 2015, 07:00 AM
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Quiktrak, a global leader in asset verification and inventory audit solutions, announced an agreement with Agricredit, the North America food and agriculture business for De Lage Landen, a global provider of asset-based financing solutions to...
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March 06, 2014, 06:45 AM
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Ritchie Bros. Auctioneers conducted its largest ever agriculture auction, in Saskatoon, SK, on December 3, 2013, selling more than US$40+ million of equipment and trucks in a single day. The unreserved public auction also set a new Saskatoon site...
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December 05, 2013, 06:55 AM
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Ritchie Bros. Auctioneers set new Company records during an unreserved public auction in Saskatoon, SK on August 7, 2013 by selling 135 combines for more than CA$15.5 million. The Company broke its records for the largest number of combines ever sold...
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August 12, 2013, 07:02 AM
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Wells Fargo has named Neal Crapo to the new post of Eastern Region head for the company's recently formed National Food & Agribusiness Division. He will lead the division's expansion in the East, and its headquarters will be based in Charlotte. Most...
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June 10, 2013, 06:59 AM
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Huntington Bank appointed Peter Arendt managing director, food and agribusiness banking. Arendt will lead the development and expansion of Huntington’s commercial banking initiative serving businesses engaged in the production, processing and...
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November 27, 2012, 07:35 AM
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Deere & Company reported net income was $687.6 million for the fourth quarter ended October 31, compared with $669.6 million for the same period last year. For fiscal 2012, net income attributable to Deere & Company was $3.065 billion compared with...
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November 21, 2012, 07:53 AM
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CNH Global announced financial results for the quarter ended September 30, 2012. Net sales for the quarter increased 5% (11% on a constant currency basis) to $4.8 billion as global demand for agricultural equipment remained solid, driven by high...
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October 31, 2012, 07:23 AM
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Deere & Company today announced worldwide net income attributable to Deere & Company of $788.0 million for the third quarter ended July 31, compared with $712.3 million for the same period last year.
For the first nine months of the year, net income...
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August 15, 2012, 07:19 AM
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Net income attributable to Deere & Company was $1.056 billion for the second quarter ended April 30, compared with $904.3 million for the same period last year. For the first six months of the year, net income attributable to Deere & Company was...
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May 17, 2012, 07:30 AM
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CNH Global announced financial results for the quarter ended March 31, 2012. For the quarter, net sales increased 22% (25% on a constant currency basis) to $4.6 billion as a result of solid trading conditions for agricultural machinery and...
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April 25, 2012, 06:30 AM
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U.S. chief financial officers (CFOs) of middle-market companies have grown more positive about the state of their industries and businesses as well as the state of the domestic economy over the last six months, according to the latest middle-market...
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April 16, 2012, 07:30 AM
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