Articles tagged under: AGCO

Published February 12, 2025

Georgia-based farm machinery manufacturer, AGCO, has announced a supply agreement with Italian company, SDF, to produce low to mid-range horsepower tractors. Beginning this summer, SDF will produce a streamlined low to mid-range tractor portfolio for AGCO’s Massey Ferguson brand.

Published December 10, 2024

AGCO Corporation announced Bob Crain, senior vice president and general manager, grain and protein, will retire at the end of the month. Crain worked for AGCO for nearly 19 years and has more than 30 years of experience in the…

Published November 5, 2024

AGCO finished the third quarter with net sales of $2.6 billion. That’s down 25 percent from the same quarter in 2023. AGCO officials said farmers and dealers were more conservative due to low commodity prices and high input costs. In…

Published July 30, 2024

AGCO reports net second quarter sales of $3.2 billion, down more than 15 percent from one year ago. AGCO officials said the quarterly report was influenced by weak market conditions and significant production cuts to reduce company and dealer inventories.…

Published July 26, 2024

AGCO Corporation has an agreement to sell off the majority of its grain and protein business to American Industrial Partners for $700 million. This divestiture was necessary with AGCO’s joint venture with PTx Trimble. The all-cash deal is expected to…

Published July 3, 2024

With large inventories of farm equipment, AGCO has announced a restructuring of its business. In the initial phase, AGCO plans to cut its salaried workforce by six percent. The company is also shifting some of its production from its Hesston,…

Published May 3, 2024

AGCO is reporting fiscal year 2024 first-quarter net income of $168 million on net sales of $2.9 billion. Net income is down 27 percent year-over-year. Net sales are down 12 percent from the first quarter of 2023. North American net…