AGCO is reporting second quarter net income of $60 million on gross sales of more than $2 billion. That’s down 42 percent from one year ago. Net income for the six months ending June 30 is reported at $126.3 million on net sales of $3.9 billion. AGCO says its North American business was flat with increased sales of hay equipment, precision planting equipment and high horsepower tractors being mostly offset by lower sprayer and grain and protein sales.