AGCO has reported results for the second quarter ended June 30, 2022. Net sales for the second quarter were approximately $2.9 billion, an increase of approximately 2.3% compared to the second quarter of 2021.
Read moreAGCO Board of Directors has appointed Tim Millwood to succeed Hans-Bernd Veltmaat as Senior Vice President and Chief Supply Chain Officer
Read moreFederal court found that AGCO Corp’s planting equipment did not infringe two patents owned by agriculture-industry rival Deere & Co.
Read moreIncreased sales of high horsepower and mid-range tractors as well as precision planting products represented the largest increases for the company.
Read moreGreeneye’s system uses artificial intelligence to detect and spray individual weeds with the goal of reducing herbicide usage.
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The program will leverage AGCO technical experts to train technicians from existing dealerships.
Read moreThe purchase “complements AGCO’s vision of being the trusted partner for industry-leading smart farming solutions …”
Read moreThe newly acquired company is the creator of ChickenBoy, the world’s first ceiling-suspended robot that monitors broiler chickens.
Read moreThe partnership includes a supply agreement for engines, cooperation on future technologies, and closer cooperation on engines or engine installation components.
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Raven’s Dominic Walkes said the “expertise of each organization will undoubtedly provide industry changing solutions for some of agriculture’s greatest challenges.”
Read moreIncreased sales of tractors, parts, grain and protein equipment, and precision planting products generated most of the increase.
Read moreThe biggest gain in sales was in South America. North America saw a 10 percent drop.
Read moreAGCO has changed and expanded its senior leadership team to sharpen the company’s focus on precision agriculture and digital solutions.
Read moreAGCO has reported its results for the third quarter ended September 30, 2020. Net sales for the third quarter were approximately
Read moreAgRevolution, which begins operation Jan. 1, is the result of a unique situation in Kentucky and southern Indiana, where Boyd is shifting its focus to heavy construction sales.
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AGCO Corp. intends to acquire certain assets of Boyd Company of Louisville, Ky., and form AgRevolution, an equipment dealership providing products and services to the farming community in Kentucky and southern Indiana.
Read moreAGCO has agreed to acquire research and product development firm 151 Research to create new technology solutions for grain customers.
Read moreIncreased sales of hay equipment, precision planting equipment and high horsepower tractors were mostly offset by lower sprayer and grain and protein sales.
Read moreNet sales at AGCO dipped by about 3 percent in the fourth quarter of 2019. Net sales for the full year of 2019 decreased by 3.3 percent.
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AGCO will invest $44.4 million to develop an “industry 4.0 site” in Beauvais, France.
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