Tradingfxdaily.com
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar
No Result
View All Result
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar
No Result
View All Result
Tradingfxdaily.com
No Result
View All Result
Home Stock Market

Farm Bureau, Deere & Co sign MOU ensuring farmers’ “right to repair” equipment By Reuters

tradingfxdaily by tradingfxdaily
January 8, 2023
in Stock Market
0
U.S. securities regulator probes Didi Global’s $4.4 billion IPO By Reuters
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Russia’s Yandex head steps down two weeks early By Reuters

Nestle unveils $100 million Colombia investment to grow capacity By Reuters

January 28, 2023
American Express Numbers Show What Still Gets People to Spend Money

American Express Numbers Show What Still Gets People to Spend Money

January 28, 2023
© Reuters. FILE PHOTO: John Deere equipment is seen at a dealership in Taylor, Texas, U.S., February 16, 2017. Picture taken February 16, 2017. REUTERS/Mohammad Khursheed

By P.J. Huffstutter

CHICAGO (Reuters) -The American Farm Bureau Federation and machinery manufacturer Deere (NYSE:) & Co signed a memorandum of understanding on Sunday that ensures farmers have the right to repair their own farm equipment or go to an independent technician.

As the agriculture sector accelerates its adoption of technology, the reliance on high-tech machinery such as GPS-guided combines and tractors has become more common-place.

But equipment makers such as Deere have generally required customers to use their parts and service divisions for repairs and until recently, only allowed authorized dealers the means and tools to access the complex computerized systems of their tractors and other machinery.

The Farm Bureau’s memorandum of understanding with Deere “will ensure farmers everywhere are able to repair our own equipment,” Farm Bureau president Zippy Duvall said, speaking at the federation’s convention in Puerto Rico.

“This will enable you and your independent mechanics to identify and fix problems,” he said. “You will have access to the diagnostic tools and information you need. And you’ll get it at a fair and reasonable price.”

Dave Gilmore, Deere’s vice president of ag and turf marketing, said the company looks forward to working with the farm group and “our customers in the months and years ahead to ensure farmers continue to have the tools and resources to diagnose, maintain and repair their equipment.”

The MOU aims to find a solution to the “right to repair” debate in the private sector, rather than through legislation or regulation, according to the document. It benefits farmers and independent repair facilities in the United States and Puerto Rico, for the “lawful operation and upkeep of Agricultural Equipment,” the MOU states.

The MOU states that, among other things, equipment owners and independent technicians cannot compromise any safety measures and protocols on the equipment; that Deere’s intellectual property, including its software, are protected from infringement; and no federal and state emissions control requirements can be compromised because of modifications made to the machinery.

The “right-to-repair” movement has gained steam as input costs have surged in recent years – as has the price of repairs.

For Deere and rival equipment manufacturers such as CNH Industrial (NYSE:) and AGCO Corp, repairing machinery has given them a solid boost for their parts and services business. Consumers have filed a slew of lawsuits against Deere over the issue, and the Biden administration has been pushing for more competition in the rural economy amid rising inflation.

Duvall said Farm Bureau officials will meet regularly with Deere to discuss “solutions to the challenges farmers are facing in repairing their equipment”, and said he hoped other farm equipment makers would take similar steps.

Source link

Share76Tweet47

Related Posts

Russia’s Yandex head steps down two weeks early By Reuters

Nestle unveils $100 million Colombia investment to grow capacity By Reuters

by tradingfxdaily
January 28, 2023
0

© Reuters. FILE PHOTO: A logo is pictured on the Nestle research center at Vers-chez-les-Blanc in Lausanne, Switzerland August 20,...

American Express Numbers Show What Still Gets People to Spend Money

American Express Numbers Show What Still Gets People to Spend Money

by tradingfxdaily
January 28, 2023
0

Even though American Express  (AXP) - Get Free Report earnings announced Friday afternoon fell somewhat short of expectations for the quarter,...

Hypebeast to go Public Via Merger with Iron Spark I By Investing.com

U.S. secures deal with Netherlands, Japan on China chip export limit- Bloomberg By Reuters

by tradingfxdaily
January 28, 2023
0

2/2 © Reuters. FILE PHOTO: White House national security adviser Jake Sullivan addresses the daily press briefing at the White...

Nancy Pelosi’s Husband Attack Video Debunks Right Wing Troll Claims

Nancy Pelosi’s Husband Attack Video Debunks Right Wing Troll Claims

by tradingfxdaily
January 28, 2023
0

Video of the hammer attack that sent Paul Pelosi, husband of Congresswoman Nancy Pelosi, to the hospital with a cracked...

Ukraine questions Twitter takeover amid precarious ties with Musk By Reuters

Tesla chair testifies she would have quit if Musk had lied in 2018 tweets By Reuters

by tradingfxdaily
January 28, 2023
0

2/2 © Reuters. FILE PHOTO: Tesla vehicles are shown at a Tesla service center in San Diego, California, U.S., January...

Load More
  • Trending
  • Comments
  • Latest
Short SPX: Top Trade Opportunities

Short SPX: Top Trade Opportunities

April 5, 2022
The Top 5 Metaverses to Look Out for in 2022

The Top 5 Metaverses to Look Out for in 2022

March 26, 2022
What is Leverage in Forex? Forex Leverage Explained

What is Leverage in Forex? Forex Leverage Explained

April 19, 2022

Larry Fink says globalization is over — Here’s what it means for the markets

March 26, 2022
Tesla Stock Split: What to Know as EV Maker Prepares to Split Its Stock in 2022

Tesla Stock Split: What to Know as EV Maker Prepares to Split Its Stock in 2022

March 28, 2022
Goldman Sachs Cut CEO David Solomon's Pay to $25 Million

Goldman Sachs Cut CEO David Solomon's Pay to $25 Million

0

In a Less-Globalized World, Be Careful Where You Park Your Plane

0
Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next? By Cointelegraph

Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next? By Cointelegraph

0

Larry Fink says globalization is over — Here’s what it means for the markets

0
Natural-Gas Industry Gets Boost as Biden Shifts Stance

Natural-Gas Industry Gets Boost as Biden Shifts Stance

0
Goldman Sachs Cut CEO David Solomon's Pay to $25 Million

Goldman Sachs Cut CEO David Solomon's Pay to $25 Million

January 28, 2023
Expect A Dollar Breakout and Potentially a S&P 500 Trend Next Week with FOMC On Tap

Expect A Dollar Breakout and Potentially a S&P 500 Trend Next Week with FOMC On Tap

January 28, 2023
Judge grants bail for Alberta spiritual leader charged with sexually assaulting 4 women

Judge grants bail for Alberta spiritual leader charged with sexually assaulting 4 women

January 28, 2023
Russia’s Yandex head steps down two weeks early By Reuters

Nestle unveils $100 million Colombia investment to grow capacity By Reuters

January 28, 2023
US Lawmaker Outlines Priorities to Regulate Crypto and Make America the Place for Blockchain Innovation – Regulation Bitcoin News

US Lawmaker Outlines Priorities to Regulate Crypto and Make America the Place for Blockchain Innovation – Regulation Bitcoin News

January 28, 2023
Tradingfxdaily.com

Tradingfxdaily.com is your Forex, Stock News, World News, Crypto Currency News, Business News & NFT News Website. We provide you with the latest breaking news and videos straight from the Trading industry.

  • Home
  • About us
  • Contact Us
  • Privacy Policy

© 2022 - All Right Reserved. tradingfxdaily.com

No Result
View All Result
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar

© 2022 - All Right Reserved. tradingfxdaily.com

EURUSD=X 
$1.09  -0.16%  
EURCAD=X 
$1.45  -0.28%  
EURJPY=X 
$141.13  -0.42%  
GBPUSD=X 
$1.24  -0.10%  
EURNZD=X 
$1.67  -0.27%  
AUDUSD=X 
$0.7106  -0.15%  
CADUSD=X 
$0.7514  0.10%