The company's Agricultural Products segment’s net sales for the 2022 fiscal year were $20,912,000 compared to $16,826,000 during the 2021 fiscal year, an increase of $4,086,000, or 24.3%.

AGCO’s North American net sales increased 20.2% for the full year of 2022 compared to 2021, excluding the negative impact of currency translation.

CNH Industrial reported its fourth quarter earnings on Feb. 2, including $6.9 billion in consolidated revenue and $5.4 billion in agriculture revenue.

Sales are expected to grow as the Company is able to resolve supply chain issues.