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AGCO Pushes Dealer Purity, Cuts Production Amid Low Demand

AGCO reported its third quarter results on Nov. 4, and during the earnings call with analysts, Eric Hansotia, chairman, president and CEO, noted updates in dealer consolidation, production cuts, inventory reduction targets and reduced sales in regions across the globe.

Dealer Consolidation and Expansion

The OEM saw dealer consolidation in Ohio, Missouri and Wisconsin during the quarter. Previously, in May, Ohio Machinery announced it was exiting the ag space. In August, Ziegler Ag announced its…

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