AGCO reported net sales of approximately $2.7 billion for the fourth quarter of 2020, an increase of approximately 8.1% compared to the fourth quarter of 2019.
A new solar energy system is expected to provide both economic and environmental benefits at AGCO’s facility in Assumption, Ill., generating approximately 20% of its power requirements.
According to a report from Bloomberg Law, AGCO has lost challenges it made in court to invalidate two of Deere's patents involved in a lawsuit filed in 2018.
According to a report from Bizjournals, India-based Tractors and Farm Equipment Limited (TAFE), which owns a 16% stake in AGCO, filed a report with the SEC requesting that AGCO separate the positions of CEO and Chairman of the Board "to better fulfill the board’s duty of oversight of the company."
AGCO, a worldwide manufacturer and distributor of agricultural equipment and solutions, reported its results for the third quarter ended Sept. 30, 2020. Net sales for the third quarter were approximately $2.5 billion, an increase of approximately 18.4% compared to the third quarter of 2019.
AGCO, a worldwide manufacturer and distributor of agricultural equipment and solutions (NYSE:AGCO), today announced that Chief Communication Officer Ulrich Stockheim has chosen to pursue business interests outside of AGCO effective Dec. 31, 2020.
AGCO, along with its AGCO Agriculture Foundation, have donated more than $100,000 for COVID-19 aid, personal protective equipment, medical supplies to non-profit organizations in Europe and the Middle East.
AGCO announced today its intention to acquire certain assets of Boyd Company of Louisville, Ky.Upon completion of the agreement, AGCO will form AgRevolution, an agricultural equipment dealership to provide industry-leading products and support services.
AGCO, a global designer, manufacturer and distributor of agricultural machinery and solutions, announced an agreement to acquire research and product development firm 151 Research to create new technology solutions for grain customers.
Recent quarterly earnings reports for the major farm machinery manufacturers were described as either “better than expected” or “could have been worse,” according to several industry analysts. This is to say, at least, AGCO and Deere exceeded analysts’ expectations. (CNH Industrial didn’t.)
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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