AGCO’s current network of 650 dealers won’t be enough to reach its $1 billion precision revenue goal for 2025, according to a May 22 note from J.P. Morgan analysts. The note, based on a fireside chat analysts had with AGCO executives, said AGCO would likely need 1,000 dealers and was currently focusing on developing its European network.
Additionally, analysts pointed out that the majority of AGCO’s precision ag specialist dealers earn 85% of their business…
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Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.
