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.
AGCO stated in the report that unit…
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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.
