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Articles Tagged with ''AGCO''

AGCO Announces Sustainable Test Farm in North Dakota

"Dakota Smart Farm" is dedicated to developing sustainable farming practices and high-value retrofit precision technology solutions.

September 13, 2023

AGCO Corporation, a designer, manufacturer and distributor of agricultural machinery and precision ag technology, announced today plans to build a state-of-the-art test farm in Casselton, N.D.

AGCO Dealership Agri-Service Expands in Northern Idaho

September 5, 2023 | Posted in Mergers & Acquisitions

Agri-Service a 13-location AGCO dealership serving Idaho, southeast Washington and parts of Oregon.

AGCO Sees 66% Bump in YTD North American Combine & Application Equipment Net Sales

August 15, 2023 | Posted in Data & Trends, Earnings Reports

In its 2Q23 earnings report released July 27, AGCO reported $704.1 million in sales of combines, application equipment and other machinery for the first half of 2023, a 65.7% year-over-year increase

AGCO's Q2 2023: Record Net Sales and Operating Margin

July 27, 2023 | Posted in Earnings Reports

The company raised is outlook regarding full-year sales, operating margin and earnings per share.

AGCO to Target Alternative Propulsion by Horsepower Range

July 17, 2023 | Posted in Analysis & Commentary, Dealers & Dealerships

In a July 3 note to investors, J.P. Morgan analysts gave their takeaways from AGCO’s 2023 Precision Ag Field Event, held in Nashville, Tenn., and Pembroke, Ky.

South American News: July 2023

July 17, 2023 | Posted in Ag Equipment Worldwide

John Deere to Expand Southern Brazil Factory
Fendt Joins Bayer’s Low Carbon Agriculture Effort
Crucianelli Joins Piccin to Make Seeders in Brazil
More Argentinian Ag Machinery Companies Export to Bulgaria
Brazil’s Crop Plan Raises Available Credit for Machinery 27%

Dealer M&A Activity: July 2023

July 17, 2023 | Posted in Mergers & Acquisitions

This standing feature in the Ag Equipment Intelligence newsletter will catalogue notable dealership merger & acquisition activity since the previous newsletter.

Full-Line Manufacturers See Improved Product Availability, Response Scores from Dealers

July 17, 2023 | Posted in Ag Equipment Worldwide

According to the North American Equipment Dealers Assn. (NAEDA) 2023 Dealer-Manufacturer Relations survey, full-line manufacturers have improved their scores in both product availability and response to dealer concerns.

AGCO’s Precision Revenue Goals Will Require More Dealers & SaaS Models

June 15, 2023 | Posted in Analysis & Commentary

AGCO’s current network of 650 dealers won’t be enough to reach its $1 billion precision revenue goal for 2025, according to a May 22 note from J.P. Morgan analysts.

AEI Newsmakers: May 2023

May 15, 2023 | Posted in Dealers & Dealerships, Mergers & Acquisitions

AGCO Announces Capital Investment Project at Beloit & Cawker City Facilities in Kansas
Yokohama Rubber Acquires Trelleborg Wheel Systems
ExxonMobil Boosts Refining Capacity by 250,000 Barrels Per Day
Chile to Nationalize Lithium Industry
Maschio Gaspardo to Set Up Distribution Company in U.K.
AGCO & Hexagon to Expand Distribution of Hexagon’s Ag Guidance Systems

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

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.

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