AGCO (NYSE: AGCO) reported net sales of approximately $2.1 billion for the third quarter of 2019, a decrease of approximately 4.8% compared to the third quarter of 2018. Excluding unfavorable currency translation impacts of approximately 3.1%, net sales in the third quarter of 2019 decreased approximately 1.7% compared to the third quarter of 2018.
CNH Industrial has played a major role in the creation of ConectarAGRO, a consortium of eight partners from the agribusiness and telecommunications fields, whose aim is to bring open connectivity solutions to all the agricultural regions of Brazil.
AGCO reported net sales of approximately $2.6 billion for the fourth quarter of 2018, compared to net sales of approximately $2.5 billion for the fourth quarter of 2017.
AGCO reported net sales of approximately $2.2 billion for the third quarter of 2018, an increase of approximately 11.5% compared to the third quarter of 2017. Excluding unfavorable currency translation impacts of approximately 5.9%, net sales in the third quarter of 2018 increased approximately 17.4% compared to the third quarter of 2017.
Sluggish sales in South America (–12.8%) didn’t dim AGCO’s overall results as improving sales of farm machinery in the North American (+25.4%) and European regions (+21.7%) set the tone for AGCO Corp. in the second quarter of 2018. The company’s Asia/Pacific/Africa results were up 4.4%.
Investment analysts attending the recent Farm Progress Show in Boone, Iowa, said they see a looming battle in the combine market as AGCO slowly introduces its new Ideal combine.
AGCO Corp.’s premium tractor unit, Fendt, believes it has identified a niche in the market that will be filled by a new range featuring a number of first-time technologies.
AGCO Corp. (AGCO), the world third- largest farm-equipment maker, plans to invest $100 million in Africa over the next three years to capitalize on an agricultural boom and a shift to commercial farming.
Farm equipment maker AGCO Corp. likes small, USD 50-USD 100 million acquisitions, and may spend about USD 200 million on deals this year, its CEO said.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.