Morbark is privately held and primarily owned by Stellex Capital Partners. The president of Morbark is Dave Herr and he will continue in this role upon completion of the transaction when the company will become a part of Alamo’s Industrial Division led by Jeff Leonard.

Read this post by Alan Beaulieu of ITR Economics about 3 steps dealers can take to prepare for the near-term economy.

According to the latest data from the Assn. of Equipment Manufacturers, U.S. sales of under 40 HP 2WD tractors increased 2.1%, while sales of 40-100 HP tractors decreased 1.4%. For Canada, sales of under 40 HP 2WD tractors increased 9.1%, while sales for 40-100 HP decreased 4.2%.

Luby Equipment Services, a St. Louis-based CASE Construction Equipment Dealer, has announced the hiring of Mike Adams as Sales Representative. He will be replacing industry veteran Don Castens, who retired at the end of June and was responsible for a 12 county territory based out of the Springfield location.

More than 100 types of projects are eligible for Community Facilities funding. Eligible applicants include municipalities, public bodies, nonprofit organizations and federally recognized Native American tribes.

According to the Annual Acreage Report, conducted by Mercaris, farmers will harvest 3.1 million acres of U.S. land certified for organic field crop production, an increase of 7% over 2018.