Winnipeg, Canada-based farm equipment maker Ag Growth International “plans an aggressive expansion through acquisitions in Brazil following the overhaul of its first South American plant, which it bought last year,” according to a Dec. 4 Reuters report.
Wilfried Toth, head of AGI operations in Brazil, told Reuters that AGI spent $40 million to buy and modernize the factory in Sao Paulo. AGI is a manufacturer of grain, feed and fertilizer handling, storage and conditioning equipment.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
