Chinese group YTO has announced a partnership with the Brazilian company AGF tractors to produce 120 units daily. The new plant would operate in the city of Caruaru the Northeastern state of Pernambuco. According to YTO, the state offered adequate infrastructure to start the investment and conditional tax cuts. The group intends to start operations in 2026.
The YTO Group makes 100,000 tractors per year with…
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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.
