AGCO’s first quarter combine and application equipment sales brought in $254 million this year, a 30% year-over-year decrease. This was the largest percentage sales decline among all AGCO’s product segments, but still surpassed net sales seen in the first quarters of 2020, 2021 and 2022.
Tractor sales for the first quarter of 2024 were down 19% year-over-year to $253 million, and grain storage and protein production systems sales were down 13%. Replacement parts saw the…
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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.
