AGCO’s current network of 650 dealers won’t be enough to reach its $1 billion precision revenue goal for 2025, according to a May 22 note from J.P. Morgan analysts. The note, based on a fireside chat analysts had with AGCO executives, said AGCO would likely need 1,000 dealers and was currently focusing on developing its European network.
Additionally, analysts pointed out that the majority of AGCO’s precision ag specialist dealers earn 85% of their business…
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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.
