During 2023, AGCO said it purchased approximately $171.6 million of tractors and components from TAFE and sold approximately $3.6 million of parts to TAFE.
During the major line OEM panel at Ag Equipment Intelligence’s 2024 Executive Briefing on Dec. 7, several executives from the majors spoke about the main challenges impacting their dealers over the next 5 years.
This standing feature in the Ag Equipment Intelligence newsletter will catalogue notable dealership merger & acquisition activity since the previous newsletter.
Just after the Russian grain embargo in 1980, the prime lending rate soared from an average of 6.8% in 1976 to an all-time high of 21.5% in 1981 and farm debt for land and equipment purchases soared.
In a Nov. 9 note to investors, JP Morgan analysts broke down the highlights of their meeting with AGCO CFO Damion Audia and VP of Investor Relations Greg Peterson at SIMA in Paris, France.
Massey Ferguson has announced it will open a new dealership in Villa Maria in the province of Cordoba, Argentina. The company running the dealership will be Legaz, which has been in the region for 45 years.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.