Articles tagged under: AGCO

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…

Published April 9, 2024

AGCO has launched a new brand for its precision agriculture technology. AGCO’s technology portfolio includes Precision Planting and a new joint venture with Trimble.  PTx will allow farmers to retrofit the latest technologies to nearly any make or model of…

Published January 30, 2024

AGCO has launched a new distribution model that it describes as “transformative.” FarmerCore will use tools that put dealers in closer proximity to farmers, both on-site and online. The one-size-fits-all outlet approach will be de-emphasized and moves to a hub-and-spoke…

Published October 31, 2023

AGCO is reporting third quarter net sales of $3.5 billion. That’s an increase of nearly 11 percent from last year. AGCO officials said the record third quarter results are due to good crops, favorable farm economics and an improved supply…