According to AGCO’s July 28 earnings report, the company reported its second-highest 6-month South America revenue in the last decade, as well as a continuously growing stockpile of work in process orders. Overall, the company saw a 2.3% year-over-year increase in its second quarter total revenue to $2.9 billion, while total revenue for the first half of the year was up 7.1% to $5.6 billion.
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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.
