AGCO reported net sales of $2.9 billion for its first quarter, a decrease of 12% year-over-year. This was down 12% from over $3.3 billion in AGCO first quarter of 2023. Net sales from North America specifically brought in $730 million for the first quarter of 2024, down 21% from last year. AGCO reported that softer industry sales and lower end market demand were partially offset by positive pricing. Its most significant sales declines were in hay equipment, mid-range tractor and combines.
The Väderstad Carrier XL 40 is the North American version of Carrier XL line which was widely popular with European growers. Developed in Canada, the Carrier XL 40 takes the original carrier line and improves on it for the American market by dividing the 40 ft piece of equipment into 5 sections which allows for added flexibility when adapting to contours in the land.
Michele Zanchin, Sales and Marketing Manager for Tierre Group Srl along with Salvatore Grignano from the Italian Trade Agency - Houston, presents Tierre's mulchers and flail mowers backed by a minimum of 3 patents and available in 40 nations to potential partners in North America.
Blake McOllough, Claas Product Manager, discusses the new 8600 Lexion combine. Making its debut at the 2019 Farm Progress Show, the combine comes with new and improved features to better suit the North American market.
Rudolf De Jong, President of Zuidberg North America, takes a look back on the beginnings of Zuidberg's expansion into the North American market, their increased sale of tracks and a look into how the company is preparing for the future.
With a 40 year history of selling bias tires in North America, CEAT Specialty Tires announces the introduction of 80 different radial tire sizes to the North American market. The new line of CEAT Specialty Tires offer benefits and features to prevent compaction and stubble damage along with extended warranty protection.
Dave Link of MacDon talks about company’s first corn head released under MacDon name, now that Linamar owns both companies. Harvestec header brand will be discontinued in North America and marketed under MacDon.
Claas of America has entered into an agreement with Agile Manufacturing to provide tractor preparation services for North America. Agile will manufacture local content as well as prepare machines for shipment. The prep center will be located at Agile’s new South Dakota facility, in Worthing.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at Titan International’s 2024 results, and the tire manufacturers outlook for this year.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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