AGCO Reports $1.4 Billion in 2023 Tractor Revenue

According to AGCO’s 2023 annual report, the company brought in $1.4 billion in tractor sales last year, up 17.7% year-over-year. Revenue from replacement parts was up 3.8% year-over-year to $421 million.

Revenue from sales of grain storage and protein product systems came in at $614.5 million, up 4.9% year-over-year The largest year-over-year increase was in sales of combines, application equipment and other machinery, up 32.5% to $1.3 billion.

Source: AgEquipmentIntelligence.com