The location of the Global Parts Distribution Center leverages the manufacturing capabilities of the Vermeer mile, where most Vermeer products are assembled.

Over the course of a year, machines such as tractors, harvesters and telehandlers will be tested with net-zero emission fuels. 

Order book is up 7% year-over-year as of March 31, 2023, supporting the prospect of continued growth through 2023

Supply chain issues continue to hamper sales growth, and the company continues to have a large backlog.

In a reversal from last month, more respondents chose rising equipment and construction costs (39%) than rising interest rates (33%) as a top reason for this being a poor time for large investments.

The additional capacities provided by the project will be leveraged to meet the significant growth expected for planters from both of AGCO’s primary North American equipment brands.

Net sales for the first quarter were approximately $3.3 billion, an increase of approximately 24.1% compared to the first quarter of 2022.