AGCO Reports Strong Q1 2023, High Demand for Large Ag Equipment

In reporting its results for the first quarter ended March 31, 2023, AGCO said strong product demand has resulted in an elevated number of orders that could result in a 3-5% increase in production hours for 2023. 

“To give you an idea of the strength in this market, when we opened the system to receive third-quarter orders, the order board was filled effectively in one day,” said Eric Hansotia, chairman, president and CEO for AGCO…

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