In its third quarter earnings released Oct. 31, AGCO reported almost $2.9 billion in North American revenue, up 21.7% year-over-year. AGCO’s South America revenue was up 25.9% in the same period to $1.8 billion. AGCO’s total revenue for the first 9 months of 2023 was $10.6 billion.
Since 2019, AGCO’s revenue coming from North America has risen 73.3% from $1.7 billion. South America revenue has risen 213.5% from $581.3 million in the same period.
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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.
