Tyres carry more, but with less damage
With larger and more powerful machinery comes increased weight and the potential for greater damage to soil.
Tyre giant Michelin is to spend US$1.45 billion buying Camso, a well-known maker of rubber tracks for farm machines and snowmobiles.
Interestingly, it calls itself a ‘road-free company’: besides agriculture it also makes solid tyre equipment for earthmovers and forklifts.
The two companies will bring their off-road divisions together to form a new operation in Quebec, Canada.
The new entity, expected to be the world leader in off-road mobility, will “provide customers with a range of premium radial tyres and tracks”.
The merger is expected to speed new track and airless tyre technologies such as the already-released Michelin Tweel.
Michelin forsees higher sales and a likely cut in costs of up to $55 million by 2021.
Mainland Poultry has confirmed new ownership of its vertically integrated agribusiness with Pacific Equity Partners Gateway (PEP Gateway) now joining current shareholders Navis.
The recently published State of the Industry -Tractors and Machinery 2025 from the Australian Tractor and Machinery Association (TMA), the equivalent of New Zealand’s TAMA, gives an interesting perspective of the industry.
Strong competition and tightening supply have seen wool reach its highest prices paid at auction since 2011.
The Government is funding a feasibility study to investigate what would be required for a successful farmer-led purchase of the McCain Foods' vegetable processing site in Hastings.
A young man just five years out of his Lincoln University degree already has his foot in the door of farm ownership, as equity manager of a large new dairy conversion now taking shape in Mid- Canterbury.
Visitors to the LIC stand at this year’s Fieldays can expect practical farm conversations, specialist drop-in sessions and exclusive shareholder events.