Argentina’s president Maurcio Macri announced in July a new credit line for the ag machinery manufacturing sector. Macri announced a rate of 23% per year for 5 year loans to be offered by the country’s Bank of Investment and Foreign Trade. For perspective, Argentina’s Central Bank rate reference is currently at 40%. In addition, Argentinian ag machinery manufacturers will receive support to export its equipment to subsidiaries…
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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.
