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AGCO Combine & Application Equipment Sales Down 30% in 1Q24

AGCO’s first quarter combine and application equipment sales brought in $254 million this year, a 30% year-over-year decrease. This was the largest percentage sales decline among all AGCO’s product segments, but still surpassed net sales seen in the first quarters of 2020, 2021 and 2022.

Tractor sales for the first quarter of 2024 were down 19% year-over-year to $253 million, and grain storage and protein production systems sales were down 13%. Replacement parts saw the…

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