In a new agreement boosted by the Brazilian government, Korean company LS Tractor will be the only company in the country to export tractor components from its factory in Santa Catarina to its new factory in Nigeria. The intention is to export 60, 80 and 145 horsepower tractors. The agreement is supported by the Deutsche Bank and Brazil’s National Economic and Social Development Bank (BNDES) and backed by a R$1.1 billion loan. The expectation of…
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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.
