AGCO reported its earnings for the full year 2022 on Feb. 7, showing a record $12.65 billion in total revenue, $2.12 billion in South America revenue and $369.8 million in “work in process” (WIP) inventories.
AGCO has named Carlo Martorano as its purchasing director for South America. The executive will report to the president of AGCO South America, Luis Felli, and the senior vice president of Global Purchasing, Josip Tomasevic.
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.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk to a Solectrac executive about the company's search for a new investor. In the Technology Corner, Noah Newman talks about the majors' growing presence in the precision retrofit market.