Harvesting machinery is expensive, and there is no plant in Oregon to process the plants into fiber, seed and oil. This is the first year Oregon farmers can grow hemp, following the Legislature's approval in 2009. Growing hemp without a federal permit was banned in 1970 due to its classification as a controlled substance and relation to marijuana.» Read More
CHICAGO, May 22- Farm equipment maker Deere& Co posted a sharply lower quarterly net profit on Friday as a weak global agriculture sector hurt sales, but still came in handily above market expectations. The Moline, Illinois- based company reported a profit of $690.5 million, or $2.03 per share, for its second quarter ended April 30, down nearly 30 percent from $980.7...
LONDON, May 18- Top executives at one of the world's largest makers of construction machinery have said Britain could be better off outside the European Union, a contrast with the view of many businesses which favour remaining in the bloc. We could exist on our own, peacefully and sensibly, " Anthony Bamford, head of the family-owned JCB group and a major donor to...
Japan's machinery orders rose 2.9 percent on month in March, slightly better than the 1.8 percent forecast from a Reuters poll of economists.
Doug Oberhelman, Caterpillar chairman & CEO, discusses the company's quarterly results, and how a strong U.S. dollar is impacting the top and bottom line.
CHICAGO, April 21- When iconic motorcycle maker Harley-Davidson Inc warned on Tuesday that discounting from foreign rivals would dent its profits, the message resonated beyond the motorcycle business. Honda Motor Co Ltd and Suzuki Motor Corp both currently offer $1,000 cash back on selected models. "They are taking a reasonable long-term view of the market,"...
ROCESTER, England, March 25- A leading British industrialist and political donor has channelled more than half a billion pounds through an obscure company that isn't required to file financial accounts, a Reuters analysis of corporate filings shows. Lord Anthony Bamford made the payments as head of the family-owned JCB group, which is one of the world's top...
Chinese construction machinery makers are opening banks, designing tractors and abandoning core business deals to diversify and stay profitable.
Agriculture company Monsanto is set to report its Q1 earnings this week. Michael Cox, senior research analyst at Piper Jaffray, discusses the company and how it's bringing new technology to South America.
Deere on Wednesday posted a stronger-than-expected profit as cost cuts helped offset lower sales of its tractors, harvesters and earth-moving equipment.
Deere posted a stronger-than-expected quarterly profit, but kept its full-year forecast unchanged, citing the challenges the farm equipment industry.
Martin Richenhagen, Chairman & CEO of AGCO, shares his thoughts on the company's 2014 growth prospects, and the outlook on global agriculture. I think U.S. farmers will have money to invest, says Richenhagen.
Traditional farming is going high tech, reports CNBC's Jane Wells with a look at the latest equipment designed to help farmers produce the best yields.
Worried about a possible economic bust in agriculture like that of the 1980s, farmers talk about their growing fears.
It would take a perfect storm, but there are worries the current economic boom for farmers could turn into a bust. The issue is how much debt farmers take on.
Deere, the world's largest farm equipment maker, reported first-quarter results above analysts' expectations as farmers geared up to plant the biggest corn crop in U.S. history.
Being a big wheel in the earth mover business, Vipin Sondhi has a very clear idea why the Indian economy is stuck in the mud and what the government must do to change the mindset of business executives, like himself.
Ann Duignan, JPMorgan analyst, has the play on the heavy equipment maker.
Over the last few years, sustainable farming startups have managed to get loans from companies like Whole Foods, or sold equity stakes to venture capitalists like Michael Dell's brother, Adam. A lot of the seed money is being used to help these businesses grow, many with a focus on being local.
To Jim Cramer, today’s stock market is all about expectations and here's why.
There are no signs of recession anywhere in the world, Caterpillar CEO Doug Oberhelman told CNBC’s “Squawk Box” after earnings on Monday.