You can’t help but notice that farm equipment makers, especially the major full-line companies, are rushing to set up manufacturing and sales facilities overseas. And we’ve all heard about the growing number of mouths that farmers will have to feed over the next several decades.
AGCO Corp. (AGCO), the world third- largest farm-equipment maker, plans to invest $100 million in Africa over the next three years to capitalize on an agricultural boom and a shift to commercial farming.
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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.