AGCO posted net sales of about $2 billion during the second quarter of 2020, down approximately 17.2% vs. the same period a year earlier. Net sales for the second quarter were approximately $2 billion, a decrease of approximately 17.2% compared to the second quarter of 2019. Net sales for the first 6 months of 2020 were $3.9 billion, a decline of 10.9% compared to the same period in 2019.
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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.
