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Bob Vermeer announced as AEM Hall of Fame 2016 Inductee

 
The Association of Equipment Manufacturers (AEM) announces the 2016 inductees into the AEM Hall of Fame, which recognizes and celebrates outstanding individuals in the off-road equipment industry, and their legacy of innovation, service and leadership.
 
The two distinguished inductees into the 2016 AEM Hall of Fame are Ray Hagie, founder of Hagie Manufacturing LLC, and Robert L. Vermeer, chair emeritus of Vermeer Corporation.
 
 “AEM is proud and privileged to honor the pioneering individuals who have invented, managed, built and led the off-road equipment industry,” said AEM President Dennis Slater. “Their vision and dedication have contributed significantly to the growth and strength of our industry and economic progress and quality of life around the world; and their legacy serves as an inspiration for our leaders of tomorrow.”
 
AEM Hall of Fame inductees have been evaluated by an independent panel of industry experts on five criteria that are vital to the health of the off-road equipment manufacturing industry: 1) innovation, 2) industry contributions, 3) leadership, 4) corporate citizenship/social responsibility and 5) sustainability.
 
Honorees are publicly announced and celebrated during special ceremonies at AEM’s annual conference and take their place of honor in AEM’s Hall of Fame; for more information on the AEM Hall of Fame and all its inductees, visit www.aem.org/HallofFame.
 
Nominations for the AEM Hall of Fame are open year-round.
 
About the 2016 Hall of Fame Inductees
 
Below are summaries for each 2016 honoree with some of the reasons they were selected for induction.
 
Ray Hagie (Hagie Manufacturing LLC)  
 
 
Ray Hagie never intended on bringing to market the world’s first self-propelled sprayer in 1947. He was an entrepreneur and an innovator who spent his lifetime in pursuit of solving problems and finding a better way.
 
In 1933, the Iowa State College graduate returned to his family farm and decided to experiment with hybrid seed corn. A drought hit and the hybrids withstood the challenge and so did Ray, leading to the opening of Hagie’s Hybrids seed corn plant in 1944.
 
As the agricultural industry experienced a labor shortage during WWII, Ray’s entrepreneurial spirit struck again. He developed a self-propelled “personnel carrier” to help reduce the painstaking time and fatigue associated with detasseling corn. At the end of World War II, Dow released the pesticide/herbicide, known today as 2,4-D, for use in the control of broadleaf weeds. Ray envisioned a more efficient solution to apply this product, which led to him bringing to market the world’s first self-propelled sprayer and founding of Hagie Manufacturing in 1947.
 
In years to follow, Hagie Manufacturing earned a reputation as an industry innovator by providing the market with new solutions for evolving farming needs. A few of Hagie Manufacturing’s industry firsts include the invention of the four-wheeled Hagie sprayer, front-mounted boom, and a high-clearance nitrogen toolbar.
 
Committed to the community, the environment and the industry, Ray served in numerous leadership roles throughout his career including as an Iowa state representative and senator, chairman of the Iowa Manufacturers Association and on the Iowa State University Board of Governors.
 
Robert L. Vermeer (Vermeer Corporation)
 
 
With an intense focus on the well-being of his team, Robert “Bob” Vermeer continued the legacy of bringing innovative processes to Vermeer Corporation that were integral in expanding the business to where it is today.
 
Under Bob’s leadership, sales at Vermeer grew nearly 13 times. He initiated a program to evaluate and coach dealers to higher levels of performance through improved customer relationships. He oversaw key advancements in finance that improved equipment availability and allowed dealers to stock inventory globally, ultimately growing business domestically and outside the United States. Bob also challenged his team members to expedite processes which resulted in huge productivity improvements.
 
A shining example of compassion and service, Bob spearheaded numerous employee and community service programs including the Vermeer Chaplain Program, the Vermeer Charitable Foundation Scholarship Program and the Vermeer Spirit of Caring Award. To stay connected to the pulse of the Vermeer people, Bob emphasized an open-door policy expectation of his leadership. You will often find him walking the production floor with a sincere interest in every person he meets.
 
Active within the industry and community, Bob has served as Chair of both the Association of Equipment Manufacturers and the Iowa Business Council.  In addition, Bob has been a member of, and served as an officer for, several boards, including Central College Board of Trustees, Dordt College Board, Calvin Theological Seminary Board of Trustees and the Pella Chamber of Commerce.
 
Bob started his career at Vermeer in 1974, later assumed CEO responsibilities, and served as Chairman of the Vermeer Board of Directors beginning in 1989.  He has been involved in all aspects of the business and strategy in support of the long-term health and growth of Vermeer, and continues to devotedly serve his team, industry and community.
 
Source : Vermeer

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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
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After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!