AGCO Corp., the manufacturer of combine harvesters and Massey Ferguson tractors, plans to increase sales in Africa by almost a third next year as entrepreneurs from the continent and elsewhere invest in agriculture.
AGCO Corp. cited "EPA compliance and diminishing volumes resulting in an ever-changing industry landscape" when it announced it would discontinue production of its SpraCoupe compact, self-propelled sprayers for the North American market in 2013.
AGCO Corp. said that third-quarter earnings fell 90% as lower commodity prices and tight credit in some fast-growing markets weighed on sales of its tractors and harvesters.
AGCO Corp. lowered its outlook for net income per share citing lower sales levels across all regions, lower production and foreign currency translation.
AGCO Corp.'s plan to build more of its farm tractors in the U.S. as part of its ongoing campaign to raise its profile and profit in North America will also help reduce the company's exposure to foreign exchange rates volatility.
AGCO Corp. announced that Deere & Co. has dismissed a federal lawsuit the farm equipment company filed last month against current AGCO director of marketing and former Deere sales branch manager, Bill Hurley.
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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