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...Take AGCO, a US-listed company that has been making tractors and other farming equipment since the 1990s....
...That pales with the runs of AGCO and Deere, each up 96 per cent and 120 per cent....
...AGCO was trading 0.7 per cent higher at $71.17....
...“It puts pressure on the ag economy, for sure,” said Steve Reid, director of grain and seed for North America at AGCO, a farm equipment company whose GSI unit sells a leading brand of storage bins....
...Although driverless tractors development is already advanced in the US, where John Deere, AGCO and others have working technology that can send tractors on pre-programmed routes, the Japanese government...
...Mr Richenhagen said Agco was starting to make its sales plan for 2016....
Commodity glut and China slowdown squeeze mining and construction equipment maker
...For example, Agco, a maker of farm equipment, warned earlier this week that it expects a third-straight year of weakening demand in North America for farm equipment....
...Agco, a maker of agriculture equipment, revealed 2016 sales and earnings forecasts that missed analysts’ expectations. It said it expected a third year of “weaker demand” in the North American market....
...Deere & Co and Agco, the US company that owns Massey Ferguson, have both described difficult trading conditions last year....
...Shares in CNH and Agco are down more than 20 per cent so far this year....
...Last month Agco, the US company that owns Massey Ferguson and derives about half of its revenues from Europe, reduced its earnings outlook for the second quarter in a row and announced aggressive cuts in...
...Deere, CNH Industrial and Agco have announced job and production cuts....
...These firms were visible in DC: AGCO is entrenched through its Massey-Ferguson and GSI brands. Agriculture mechanization in Africa is low, and lack of crop storage capacity hurts sector productivity....
...The Agco Future Farm and training centre is part of the company’s three-year $100m investment plan in Africa....
...Advances in mobile telephone technology will also have to keep pace, says Aguimar De Souza, of Agco....
...“It’s an unavoidable step [for Agco],” says Rylko....
...Low prices are expected to hit farmers' income, making them less likely to buy new equipment from Deere and rivals Agco and CNH Global next year....
...A weakening farm economy would hurt sales of equipment makers such as John Deere and Agco and could also cap a stunning rise in farmland prices....
...Oleg Deripaska is chairman of Basic Element and chief executive of Rusal Related reading: Agco joins JV and follows rivals to court Russian farmers, beyondbrics EU takes Russia to WTO over vehicle recycling...
...“We plan to expand even more in the next few years creating more jobs and a higher production capacity,” says Martin Richenhagen, Agco’s chief executive....
...At pixel time, Deere was up 1.29 per cent this morning and AGCO Corporation was up 2.04 per cent. Full report in the usual place....
...Martin Richenhagen, chief executive of Agco, another big global maker of agricultural equipment, agreed: “Certainly, farmers won’t be able to do their own servicing.”...
...Italian carmaker Fiat gained 4.1 per cent to €14.63 on speculation that one of its units was going to be bid for by US farm equipment maker Agco Corp....
...For Martin Richenhagen, chief executive of Agco, the Georgia-based manufacturer of Massey Ferguson and other agricultural equipment, Mr Obama’s plan to double exports is “another proof that the American...
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