DULUTH, Ga., June 4, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology today welcomed the announcement of Parallel Ag's merger with the A.C. McCartney Equipment dealership in Illinois, including all five of its locations in Carthage, Durand, Fulton, Mt. Sterling and Wataga. All Illinois locations will continue to operate under the A.C. McCartney Equipment name and maintain existing leadership ...

blinow61 AGCO: A Stock To Consider David versus Goliath. This is how many viewed NYSE:AGCO's strategy to take market share from Deere in the U.S. by pushing Fendt sales. As a matter of fact, AGCO has seriously challenged Deere (DE) in North America, giving birth to "The Green Tractors Battle". After all, AGCO couldn't stay idle before the margins North America allows. Now, oligopolies are often a good place for investors. They have two main advantages: a few big players control most of the market, but regul ...

AGCO Corp. (AGCO) announced that it invested in the Innova Ag Innovation Fund VI of venture capital firm, Innova Memphis. This move is consistent with AGCO's strategy to support the next generation of farming with modern technologies that offer a more automated, digitized, and sustainable future for agriculture. The transaction marks the first fund investment executed by AGCO Ventures, AGCO's recently launched corporate venture capital initiative. The Innova team strongly supports early-stage entrepreneurs ...

DULUTH, Ga., May 22, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced its recent investment in the Innova Ag Innovation Fund VI of venture capital firm, Innova Memphis. This fund investment is the first executed by AGCO's recently launched corporate venture capital initiative, AGCO Ventures. The deal aligns with AGCO's approach to support the next generation of farming through advanced s ...

Scharfsinn86/iStock via Getty Images The global agricultural sector is at a technological tipping point. Advances in automation and precision farming are rapidly disrupting traditional production processes and forcing producers to adapt to stay competitive. While small-scale producers who lack financial strength and technological know-how may struggle to keep pace with rapidly evolving technologies, this paradigm shift promises to meaningfully enhance productivity and profitability across the agricultural i ...

DULUTH, Ga., May 20, 2024 /PRNewswire/ -- AGCO Corporation, (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today that it will participate in the 2024 J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 22, 2024. The conference will include a fireside chat with Eric Hansotia, Chairman, President and Chief Executive Officer, and Damon Audia, Senior Vice President and Chief Financial Off ...

Arrangement Also Allows Employees, Dealers and Others to Directly Support Response Effort DULUTH, Ga., May 14, 2024 /PRNewswire/ -- In the wake of the catastrophic floods in the Rio Grande do Sul state in Brazil, the AGCO Agriculture Foundation (the "Foundation"), a private foundation with the vision to prevent and relieve hunger through sustainable agriculture development, is donating $100,000 to the BrazilFoundation and standing up a donor advised fund for others to contribute to humanitarian assistance. ...

DULUTH, Ga., May 8, 2024 /PRNewswire/ -- The AGCO Agriculture Foundation (the "Foundation"), a private foundation with the vision to prevent and relieve hunger through sustainable agriculture development, announced a new partnership with The Do More Agriculture Foundation. With a commitment of $150,000 for three years, the AGCO Agriculture Foundation is dedicated to supporting farming communities across the U.S. and Canada, with an emphasis on connecting farmers to mental health resources and increasing awa ...

Have you evaluated the performance of Agco's (AGCO) international operations for the quarter ending March 2024? Given the extensive global presence of this farm equipment maker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth. In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must understa ...

AGCO Corp. (AGCO) delivered an adjusted EPS of $2.32 in first-quarter 2024 compared with the prior-year quarter’s $3.51. The reported figure topped the Zacks Consensus Estimate of $2.29. Including one-time items, AGCO posted an EPS of $2.25 compared with the year-ago quarter’s $3.10. Revenues decreased 12.1% year over year to $2.93 billion in the March-end quarter. The top line missed the Zacks Consensus Estimate of $2.99 billion. Excluding the favorable currency-translation impacts of 1%, net sales fell 13 ...