When it comes to fall harvest, there’s a lot to be done in a short amount of time. Top that off with shorter days and colder weather, and you get a developed sense of urgency among farmers, which can lead to injury and death…especially when it comes to our children!
High-efficiency hay starts with well-regulated equipment. And while most producers take steps to make sure their balers and compact tractors are effectively winterized, not all operators perform the summer maintenance necessary to achieve a full season of reliable use.
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced that it has entered into an agreement to acquire 100% of the capital stock of Raven Industries, Inc. (NASDAQ: RAVN), a US-based leader in precision agriculture technology for US$58 per share, representing a 33.6% premium to the Raven Industries 4-week volume-weighted average stock price, and US$2.1 billion Enterprise Value. The transaction will be funded with available cash on hand of CNH Industrial. Closing is expected to occur in the fourth quarter of 2021, subject to the satisfaction of customary closing conditions, including approval of Raven shareholders and receipt of regulatory approvals.
Fewer people experiencing farm labor and the risks that go along with it creates a dilemma for those called upon to care for those who may be injured in a farm incident.