According to AGCO’s 2023 annual report, the company brought in $1.4 billion in tractor sales last year, up 17.7% year-over-year. Revenue from replacement parts was up 3.8% year-over-year to $421 million.
Revenue from sales of grain storage and protein product systems came in at $614.5 million, up 4.9% year-over-year The largest year-over-year increase was in sales of combines, application equipment and other machinery, up 32.5% to $1.3 billion.
AGCO stated in the report that unit…
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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.
