Plevna Implement, Laker Farm Implement and AgRevolution dealerships will provide sales and support services throughout Indiana via current and future expansions in facilities and services, AGCO said.

The positive results reported for the quarter were achieved through a combination of improved supply chain performance, higher manufacturing throughput and effective price management, the company said.

The additional capacities provided by the project will be leveraged to meet the significant growth expected for planters from both of AGCO’s primary North American equipment brands.

Net sales for the first quarter were approximately $3.3 billion, an increase of approximately 24.1% compared to the first quarter of 2022. 

Valmont reported ag sales of $332.2 million, up 8.3% year-over-year, with sales growth led by higher average selling prices of irrigation equipment globally.