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June 2008 Archive for Machinery Journal

RSS By: Aimee Cope, Farm Journal

The Machinery Journal blog is your place to find the latest machinery updates, industry news, and interesting tid bits.

Company plans to keep machines afloat

Jun 27, 2008
Case IH and its financial services partner CNH Capital are offering help to those farmers affected by the floods. They are extending revision of existing payments and replacement of flood-damaged equipment to farmers located in counties declared federal national disaster areas.
Those who are going to need to make repairs to equipment will find that Case IH Parts and Service is ramping up their service to provide prompt response to flood-affected customers.
As of this post, there are 103 counties in Iowa, Illinois and Missouri that President Bush has declared federal disaster areas.

Ripple effect in machinery industry

Jun 26, 2008
As energy, raw materials and transportation costs rise, manufacturers buckle down on production and bump up prices.
On Monday, June 23 iron ore set a record with its rise in price. A fluctuations in the expense of steel has always played a role in machinery prices, but some say this recent event is short-term whereas other indicate it may have a longer perspective.
In its recent quarterly report, John Deere said material costs and freight are up $60 million in Q2 2008 compared to Q2 2007.
CNH will implement a 5% surcharge (across the board) on all whole goods orders.
AGCO raised its prices in Q1 of 2008, and it has been said the company is considering the price of steel and future price compensations for that expense.
And it’s not just farm equipment. Pick up trucks are also bearing the load of more costly materials. However, compared to combines and tractors, truck demand is decreasing.  
GM will slash its build of 2009 trucks by 170,000. The company will also institute a 3-5% price increase in response to the market factors.
As previously announced, Ford is decreasing its F-150 totals for 2009.
And Nissan has its eye on increasing truck prices 2-3%.

Gas Prices Stymie Truck Launch

Jun 20, 2008
Ever since the previous model launch of the F-150 I’ve heard rumblings of what will come in 2009, and it was going to be big news. Well, being big isn’t too popular right now with the general public. In response, the anticipated ’09 F-150 will be anticipated for a bit longer.  
In short:
The F-150 will show up on dealer lots two months later than scheduled, and Ford will build 90,000 fewer in the second half of the year than planned
For now, Chrysler has not announced a change to their release of the new 2009 Dodge Ram.
However, this news is dogpiled on top of GM’s announcement of pulling back the reins on its build of  pickups and SUVs.

Bin Business Going Up

Jun 17, 2008
This past week I visited Sukup Manufacturing in Sheffield, Iowa. The grain bin and storage accessory business is doing well as farmers have increased their demand for on-farm storage, biofuel plants have been erected with new storage structures, and sales overseas are strong.
Just recently, Sukup installed an additional machine to build bin sidewalls that doubles their production capacity for sidewalls. This is all demand-driven says Charles Sukup, President of Sukup Manufacturing.
Charles gave me a tour of their manufacturing facilities, and I got a sneak peak at a first unit off the production line.  Although it was still in production and not quite complete, here’s a look at this new model of centrifugal dryer which boasts increased efficiencies.

·         Sizes available: 16', 20', 24'
·         Single module or double stack units available
·         Can run in full heat or pressure heat/vacuum cool mode.
·         Pressure heat/vacuum cool operation is more efficient than pressure heat/cool because some of the heat off of the cooling grain is recovered, requiring less fuel to raise the drying air temperature.
·         Centrifugal fans are quieter than axial fans and work well with the pressures of vacuum cooling.
I’d like to thank all members of the Sukup family for hosting me for the day. Look for more information about Sukup Manufacturing and the Sukup family in an upcoming issue of Farm Journal–they’ll be featured in our Machinery Maker Series.
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