Tag Archives: Irrigation

GARDEN CITY, Kan. — Kansas State University is partnering with the Kansas Water Office and farmers across a swath of western Kansas to host eight Water Technology Field Days in August and September. The events are designed to show agricultural producers and others how the newest crop irrigation research and technology is being applied in real-life situations on private farms.

The dates, locations and times are:

  • Aug. 8 – Tribune – Homeland Farm – 5 p.m.
  • Aug. 9 – Hesston – Jacob, Weber and R&E Goering farms – 10:30 a.m.
  • Aug. 20 – Scott City – Circle C and Long farms – 10:30 a.m.
  • Aug. 23 – Larned – WaterPACK & ILS Farm – 10:30 a.m.
  • Sept. 4 – Goodland – NW Kansas Tech College Farms – 9:30 a.m. (multiple events)
  • Sept. 5 – Garden City – The GCC-Roth Family, T&O and Harshberger farms – 10:30 a.m.
  • Sept. 5 – Liberal – Hatcher Land & Cattle Farm – 5 p.m.
  • Sept. 10 – Troy – Loess Hills Water Quality Farm – 9 a.m.

The KWO provides financial assistance to K-State’s efforts to give technical support for some of the technology demonstration farms.

“K-State Research and Extension is committed to developing and promoting new irrigation technologies that will be environmentally and economically efficient while conserving and protecting limited water resources,” said Ernie Minton, dean of the College of Agriculture and director of K-State Research and Extension. “The K-State Research and Extension services conducted at these Water Technology Farms significantly advances the knowledge of the most efficient water management technology and practices.”

Some of the technologies that these Water Technology Farms have are replicated in small plots at the Southwest Research-Extension Center in Garden City.

“We are excited to work with the producers on these farms because we could validate the results in our research plots to the production scale and conditions of actual farms,” said Jonathan Aguilar, K-State associate professor and water resource engineer located in Garden City.

He leads the monitoring activities of six water technology farms within the Ogallala Aquifer region.

“We hope farmers can see better options in managing their water as their peers test new – and even not so new – irrigation technologies,” he said.

More information on other collaborators and details on the field days is available online or by contacting Armando Zarco, KWO water resource planner, at 620-765-7485.

A pair of K-State Research and Extension western stations that are conducting irrigation research are also hosting field days this month:

Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its third quarter ended May 31, 2019.

Third Quarter Summary

Revenues for the third quarter of fiscal 2019 were $121.1 million, a decrease of $48.5 million, or 29 percent, compared to revenues of $169.6 million in the prior year third quarter. Approximately $27.2 million of the decrease in revenues was attributable to previously announced business divestitures in the irrigation segment as part of the Company’s Foundation for Growth initiative.

Net earnings for the quarter were $2.9 million, or $0.27 per diluted share, compared with net earnings of $10.4 million, or $0.96 per diluted share, for the same period in the prior year. In addition to the impact of lower revenues, net earnings for the quarter were reduced by after-tax costs of $2.6 million, or $0.23 per diluted share, related to the Company’s Foundation for Growth initiative. Excluding these additional costs, net earnings for the third quarter would have been $5.5 million, or $0.50 per diluted share. 1 Net earnings for the same period in the prior year, adjusted for Foundation for Growth costs, would have been $17.9 million, or $1.66 per diluted share. 1 Net earnings in the prior year included $1.5 million, or $0.14 per diluted share, related to the business divestitures.

“Low commodity prices and uncertainty regarding the outcome of trade negotiations continued to weigh on farmer sentiment and demand for irrigation equipment during the quarter,” said Tim Hassinger, President and Chief Executive Officer. “Along with that, strong Road Zipper System ® sales in the prior year third quarter resulted in a challenging year over year comparison.”

Segment Results

Irrigation segment revenues for the third quarter of fiscal 2019 were $98.6 million, a decrease of $29.8 million, or 23 percent, compared to $128.4 million in the prior year third quarter. Excluding the impact of the divestitures, North America irrigation revenues of $63.0 million increased $2.8 million, or 5 percent, compared to the prior year. Higher revenue from engineering project services and the impact of higher average selling prices were partially offset by lower irrigation equipment unit volume and lower sales of replacement parts. International irrigation revenues of $35.6 million decreased $5.4 million, or 13 percent, compared to the prior year. Excluding the negative impact of differences in foreign currency translation compared to the prior year, international irrigation revenues decreased $2.7 million, or 7 percent.

Irrigation segment operating margin was 11.2 percent of sales (11.7 percent adjusted) 1 in the third quarter, compared to 9.1 percent of sales (14.1 percent adjusted) 1 in the prior year. The prior year benefited from the recovery of $2.5 million in previously reserved accounts receivable that did not repeat. In addition, lower sales of irrigation equipment and replacement parts in North America resulted in a lower margin mix in the current quarter.

Infrastructure segment revenues for the third quarter of fiscal 2019 were $22.4 million, a decrease of $18.7 million, or 45 percent, compared to $41.2 million in the prior year third quarter. The decrease resulted almost entirely from lower Road Zipper System ® sales compared to the prior year’s period.

Infrastructure segment operating margin was 15.8 percent of sales (16.0 percent adjusted) 1 in the third quarter, compared to 34.6 percent of sales (35.0 percent adjusted) 1 in the third quarter of the prior year. The prior year period included high margin Road Zipper System ® orders that did not repeat in the current quarter.

The backlog of unshipped orders at May 31, 2019 was $42.5 million compared with $55.8 million at May 31, 2018. Approximately $12.4 million of the reduction in backlog resulted from business divestitures. Excluding the impact of the divestitures, irrigation segment backlogs were higher and infrastructure backlogs were lower compared to the prior year. Subsequent to the end of the quarter, a $15.0 million Road Zipper System ® order was received from a customer in Japan, with delivery expected to begin in the fourth quarter of fiscal 2019.

Foundation for Growth Initiative

In fiscal 2018, the Company announced a defined performance improvement initiative, referred to as Foundation for Growth, with the objectives of simplifying the business and achieving operating margin performance of 11 percent to 12 percent in fiscal 2020, assuming no improvement in market conditions from fiscal 2017.

Outlook

“Severe wet weather and widespread flooding in the U.S. have caused delayed corn plantings and curtailed planted acreage, reducing supply estimates and driving a recent increase in corn prices. Any further reduction in supply and increase in corn prices supports an improved outlook for irrigation equipment demand,” said Mr. Hassinger. “The short-term outlook for international markets remains mixed, with growth expected in Brazil and developing markets while certain other markets remain challenged.”

Mr. Hassinger added, “The receipt of a large international Road Zipper System order, along with early successes we are seeing in partnering with states on road construction projects, positions the infrastructure segment for growth. In addition, we expect that execution of our Foundation for Growth initiative will help us achieve our objective of delivering improved operating margins.”