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AEI Newsmakers: January 2025

January 20, 2025 | Posted in Ag Equipment Business, Ag Equipment People
  • European industry trade association CEMA reported its general business climate index increased...
  • VDMA reported German tractor registrations down 9% year-over-year in December...
  • In the UK, the Agricultural Engineers Assn. (AEA) reported 50+ horsepower tractor registrations up...
  • Deere & Co. announced another round of layoffs, effective Feb. 7, impacting 75...
  • Topcon Agriculture has announced a strategic distribution agreement with PFG America...
  • Adam Wright joined Lessiter Media as Sales Director – Ag Division. Wright spent 24 years...
  • Loftness announces the resignation of Jeff Reinhart, the company’s current chief executive officer...
  • The North American Equipment Dealers Assn. (NAEDA) announced CEO Kim Romminger will be retiring...
  • Lindsay Corp., a manufacturer and distributor of irrigation and infrastructure equipment and technology...
  • Alamo Group Inc. announced that Jeff Leonard, the company’s president and CEO, has informed the Board...

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TAFE Submits Proposal to Separate Board Chair and CEO Roles at AGCO’s 2025 Annual Meeting

Believes That Requiring an Independent Chair Will Enhance Board Oversight, Increase Accountability and Improve Performance at AGCO
November 25, 2024 | Posted in Ag Equipment Business, Earnings Reports
Source: Business Wire
Today, TAFE announced that it has submitted a 14a-8 shareholder proposal for inclusion in the Company’s proxy statement for its 2025 Annual Meeting of Shareholders to request that the Company adopt a policy requiring that AGCO’s Chair of the Board of Directors (the “Board”) be an independent director.
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Ag Equipment Intelligence

Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market. 

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