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Ag Equipment Intelligence

‘Big Oil’ Working on an Ethanol Substitute

The Congressional mandate to add ethanol to gasoline to reduce the country’s dependence on foreign oil has fueled much of the strong growth in farm machinery sales for the past few years. But if big oil’s plans for an ethanol substitute comes to fruition, the ag equipment run could be slowed down significantly.
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AGCO's Earnings Fall 90% in 3Q

AGCO Corp. said that third-quarter earnings fell 90% as lower commodity prices and tight credit in some fast-growing markets weighed on sales of its tractors and harvesters.
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