Challenger - AGCO

AGCO and EZ-Drops to Bring Y-Logic Premium Nutrient Delivery System to RoGator Application Sprayers

Thu, 01 Apr 2021 12:00:00 GMT

AGCO introduces Y-Logic, a premium nutrient delivery system for its RoGator LiquidLogic and legacy liquid systems. Designed by EZ-Drops, Y-Logic’s precision application reduces input and costs, while increasing farmer efficiencies and crop yield.

DULUTH, GA – AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today a strategic collaboration between its AGCO Parts division and Kirkland, IL-based EZ-Drops. The agreement provides AGCO’s RoGator^® dealers in North America exclusive parts access to Y-Logic™, a new dealer-installed premium nutrient delivery system by EZ-Drops for the RoGator LiquidLogic^® and legacy liquid systems.

RoGator self-propelled sprayers are used by many North American farmers and custom applicators for highly accurate and efficient fertilizer application, as they implement innovative ways to stretch their fertilizer dollars to make every drop count. "Excess nitrogen negatively affects both the environment and farm profitability. One of the simplest ways to reduce nitrogen without sacrificing yield is to move nitrogen application closer to the time crops need it,” says Darren Goebel, director of Global Agronomy and Farm Solutions at AGCO.

The new nutrient application system with patent-pending quick-attach, pivot-mounts by EZ-Drops is now available at AGCO RoGator dealers for all factory boom sizes up to 120 feet, and all row widths regardless of how nozzle boom spacing is configured. “RoGator is a highly-customizable platform for the farmer and custom applicator, and it’s innovative aftermarket solutions like Y-Logic by EZ-Drops that allow our customers to extract maximum value out of their machine to apply product to the field in the most efficient way possible.” says Nick Scates, parts marketing specialist for Application Equipment at AGCO Parts.

Y-Logic’s efficiencies extend beyond its agronomic benefits and also include easy installation and removal capabilities, which are designed to save operators valuable time. “Y-Logic’s ease of use and accuracy is the new industry standard. This premium system is light weight, folds from the cab, is self-guided by the crop, and the heavy-duty stainless-steel breakaway spring and hydraulic fittings, along with high-wear tips make it durable,” says Andy Blackmer, EZ-Drops co-founder.

When it comes to the performance of the system, it stays on target so well that the manufacturer recommends using half the drops that other systems call for. “We are crop-guided, because our flexible, yet rigid, distribution tubes at the bottom put gentle pressure on the crop and deliver nutrients on target to the base of the plant,” says Jeff Heinsohn, the company’s other co-founder. Because of this, the system is lighter, doesn’t weigh the boom down, and allows for a full boom installation on a system as wide as 120 feet.

Goebel confirms that Y-Logic’s capabilities align with the overall value provided by the RoGator application system: “In-season nitrogen application with Y-Logic by EZ-Drops puts nitrogen where it is needed, when it is needed, maximizing crop yield and minimizing losses to the environment."

For more information regarding Y-Logic, contact your local RoGator dealer today.

###

MEDIA CONTACTS:
Bob Blakely, AGCO | Bob.Blakely@AGCOCorp.com | 770-232-8018

RoGator and LiquidLogic are registered trademarks of AGCO. Y-Logic is a trademark of AGCO. EZ-Drops is a trademark of EZ-Drops.

About AGCO
AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger^®, Fendt^®, GSI^®, Massey Ferguson^® and Valtra^®. Powered by Fuse^® smart farming solutions, AGCO’s full line of equipment and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $9.1 billion in 2020. For more information, visit www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

About EZ-Drops
EZ-Drops was born on the farm outside Kirkland, Illinois out of a need for an adaptive system to comfortably apply nutrients to the base of the crop, in-season, using the full boom at high speeds. Sidedress solutions others offered didn’t meet their standards. After years of making in-field improvements they realized EZ-DropsTM was a product that could solve a problem for other farmers as well. Today Andy, Jeff, and a growing number of customers across the world are reaping the benefits of EZ-Drops on their spray rigs.

]]>

Operation Weed Eradication Adds New Coalition Member

Mon, 01 Mar 2021 15:00:00 GMT

DULUTH, GA – AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and solutions, announced today that Raven Industries (NASDAQ:RAVN) has joined AGCO and BASF as the newest Operation Weed Eradication coalition member to support farmers in their weed control efforts. Operation Weed Eradication is an industry-wide mission to enlist tough-minded farmers and industry leaders to take the approach that the last weed standing is the strongest, most capable and the most genetically resistant weed on the farm.

Raven Applied Technology delivers impactful technology to farmers and custom applicators around the world. Deeply committed to feeding a growing world population, Raven develops precision agriculture products that promote environmental stewardship, allowing farmers to grow more with less.

“Raven is committed to raising the bar to improve farm productivity,” said Dominic Walkes, Raven Applied Technology director of strategic initiatives. “For more than 40 years, Raven has been leading the way in sprayer efficacy, and our participation in the Operation Weed Eradication coalition reflects our ongoing commitment to helping growers improve yields and solve challenges for their ag operations.”

Operation Weed Eradication takes a balanced approach of utilizing cultural practices such as tillage and cover crops, chemical control such as layering residuals and using herbicides with multiple sites of action, and eradication diligence such as managing weeds around field edges to help growers eradicate Palmer amaranth and waterhemp from their fields.

“As we continue to build upon the efforts to drive an eradication mindset toward on-farm pigweed, the Operation Weed Eradication coalition welcomes the opportunity to add Raven as a coalition member, which will only make this industrywide initiative stronger,” said Nick Fassler, BASF technical marketing group manager. “Palmer amaranth and waterhemp are incredibly difficult weeds to control, so it is imperative that we continue to work with farmers and others in the industry to combat these weeds using multiple approaches.”

AGCO, a global leader in the design, manufacture and distribution of agricultural equipment, was the first company to join the Operation Weed Eradication coalition.

“We are excited to have Raven join the Operation Weed Eradication coalition,” said David Webster, AGCO director of marketing for application equipment. “Adding industry members to the coalition continues to drive the initiative to eliminate these hard-to-control weed species. Our technology and systems, available through AGCO’s RoGator^® and TerraGator^® platforms, are geared to give farmers, retailers and professional applicators the agronomic advantage.”

More information on this industry-wide initiative can be found at operationweederadication.com.

###

MEDIA CONTACTS:
Bob Blakely, AGCO | Bob.Blakely@AGCOCorp.com | 770-232-8018
Odessa Hines, BASF | Odessa.Hines@basf.com | 919-886-8081
Lisa McElrath, Raven Industries | Lisa.McElrath@ravenind.com | 605-336-2750

RoGator and TerraGator are registered trademarks of AGCO.

About AGCO

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural solutions and delivers high-tech solutions for farmers feeding the world through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger®, Fendt®, GSI®, Massey Ferguson®, and Valtra®, supported by Fuse® smart farming solutions. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $9.1 billion in 2020. For more information, visit https://www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 18,800 employees in North America and had sales of $18.4 billion in 2019. For more information about BASF’s North American operations, visit www.basf.com/us.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.

About BASF’s Agricultural Solutions division

With a rapidly growing population, the world is increasingly dependent on our ability to develop and maintain sustainable agriculture and healthy environments. Working with farmers, agricultural professionals, pest management experts and others, it is our role to help make this possible. That’s why we invest in a strong R&D pipeline and broad portfolio, including seeds and traits, chemical and biological crop protection, soil management, plant health, pest control and digital farming. With expert teams in the lab, field, office and in production, we connect innovative thinking and down-to-earth action to create real world ideas that work – for farmers, society and the planet. In 2019, our division generated sales of €7.8 billion. For more information, please visit www.agriculture.basf.com or any of our social media channels.

About Raven Industries, Inc.

Raven Industries (NASDAQ: RAVN) provides innovative, high-value products and systems that solve great challenges throughout the world. Raven is a leader in precision agriculture, high-performance specialty films, and aerospace and defense solutions, and the company’s groundbreaking work in autonomous systems is unlocking new possibilities in areas like farming, national defense, and scientific research. Since 1956, Raven has designed, produced, and delivered exceptional solutions, earning the company a reputation for innovation, product quality, and unmatched service. For more information, visit https://ravenind.com.

About Raven Applied Technology

For decades, Raven Applied Technology has been committed to maximizing operational efficiencies through its innovative agriculture technology. The company’s autonomous product suite, Raven Autonomy™, is an extension of that core. From field computers to sprayer and planter controls, GPS guidance steering systems, logistics technology and autonomous solutions – Raven provides precision agriculture products designed for ag retailers and growers to remain competitive and profitable into the future. Learn more at https://ravenprecision.com/.

]]>

AGCO Introduces All-New Challenger MT800 Series Track Tractors

Thu, 17 Dec 2020 13:00:00 GMT

DULUTH, GA – AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and solutions, introduces the all-new Challenger^® MT800 Series track tractors. Building on proven innovations from AGCO’s 30 years of experience in track tractors, these machines boast new engine and transmission combinations, an enhanced track and chassis system, more hydraulic and hitch options and a redesigned operator-friendly cab. In fact, MT800 Series tractors, equipped with the AccuDrive™ powertrain, are the most powerful two-track tractors available with a stepless transmission.

“AGCO is excited to introduce the long-anticipated new Challenger MT800 Series track tractors to our loyal Challenger customers throughout North America,” says David Soliday, AGCO senior tactical marketing manager. “They’ve been asking for improved efficiency in a high-horsepower track tractor with the benefits of flotation and the ease of a stepless transmission. The new MT800 Series is a great addition to the Challenger line of track tractors and a perfect example of AGCO’s commitment to serve the producers who require a proven, dependable high-horsepower tractor to pull today’s heavy tillage and planting implements.”

Tremendous power and fuel efficiency

Whether the task at hand is deep ripping, subsoiling, installing tile or high-speed planting, the MT800 Series offers the power to get the job done quickly and efficiently. Producers can choose from among four models in the MT800 Series, all of which run reliable and proven engines by MAN. The MT851 (511 HP), MT856 (564 HP) and MT862 (618 HP) are powered by MAN 15.2-liter, 6-cylinder diesel engines, whereas the MT867 (673 HP) is equipped with a MAN 16.2-liter 6-cylinder diesel engine. Both power plants utilize a low engine speed approach that creates high torque even at lower speeds. AccuDrive allows for an engine speed range of 1,000 to 1,700 rpm, providing maximum torque from 1,100 to 1,450 rpm.

The Challenger Accu-VT™ continuously variable transmission (CVT) is engineered to optimize the benefits of track tractors. Accu-VT can achieve ground speed from 65 feet per hour to as much as 25 mph, all at reduced engine speed. The Tractor Management System (TMS) automatically controls engine speed and transmission ratio to ensure constant ground speed.

“The Accu-VT allows producers to pull the heaviest implements through the toughest conditions with maximum torque and minimum fuel usage,” Soliday says. “The transmission continually adjusts to optimize fuel consumption based on load. When no torque is needed, fuel savings are even more significant.”

Maximum power transfer, minimal soil compaction

This efficient powertrain is harnessed to an innovative undercarriage backed by more than three decades of track system experience.

“The MT800 Series offers a suspended undercarriage and the widest offering of track belt choices on the market,” Soliday says. “The longer wheelbase provides ideal track-to-ground contact, improving flotation and minimizing soil disturbance and compaction while also maximizing power transfer.”

The MT800 Series’ two-track design affords advantages over quad-track tractors. There are fewer components to maintain, which helps reduce operating costs. There’s also less weight, which allows horsepower to be directed to the task at hand, instead of moving the machine. Numerous ballasting options — including front and chassis weights — are available to improve machine balance, headland quality and drawbar pull capacity.

Whereas quad-track tractors have a fixed track width, the MT800 Series allows for track widths from 88 inches to 128 inches, so operators can select a width for the specific task at hand or maintain controlled traffic lanes to reduce soil compaction across a field. Four track styles are available in as many as four belt widths from 18 to 36 inches, depending on the style. Suspended mid-wheels help to maintain constant contact on all surfaces, providing excellent ride comfort.

Increased operator comfort and productivity

Further improvement in operator comfort in both field and road conditions is achieved through the Challenger SmartRide™ suspension. The hard-bar front axle is connected to the chassis via the suspension system that uses coil springs with rubber dampeners. An optional load-leveling system, SmartRide+™, integrates hydraulic cylinders within the springs, allowing the tractor’s pitch to be controlled. Not only does this help maintain the correct implement and linkage geometry, but a level tractor will also have an improved ride because suspension travel is optimized.

Sitting atop the chassis is the all-new MT800 Series cab. Customers can choose from either the standard suspension of four-point shock absorbers with rubber elements or the two-point cab suspension, a first among conventional track tractors.

“This cab has sturdy coil springs with integrated shock absorbers at the rear and two shock absorbers with rubber bumpers on the front,” Soliday says. “With nearly four inches of travel at the rear of the cab, the cushioning efficiently absorbs vibrations that are sent from the ground over the fixed rear axle.”

Inside the cab, operators have a choice of three air-suspended seats: cloth, leather with heat and leather with heat and ventilation. Integrated with the seat is the adjustable multifunction armrest with the 10.4-inch Challenger AccuTerminal™ that places both tractor and implement controls at the operator’s fingertips. The layout of the controls is similar to that of other Challenger equipment, allowing for familiarity as operators move from one machine to the next. The exclusive, single-spoke steering wheel is ergonomically shaped for effortless steering. Integrated audio system controls are optional.

Challenger Guide smart farming guidance package options allow an operator to connect the MT800 Series tractor to a multitude of systems available on the market today. Systems such as Challenger Guide Contour Assistant and the TI Headland automated operating sequence, for example, save operators time and improve the quality of work, especially on headlands. The AGCO Connectivity Module enables communication with Challenger Connect, the MT800 Series’ telemetry system, simplifying fleet management and quickly identifying error codes.

Hitch system options for every implement

Multiple rear hitch systems are available to connect the power of the Challenger MT800 Series to any number of implements. Customers can choose from three drawbars and two, three-point hitches.

A Category 5 fixed drawbar with an 11,000-pound vertical load rating is standard. Operators may also choose a wide-swinging roller drawbar with 11,000-pound load rating or a hydraulic-controlled drawbar with 15,000-pound load rating. These options offer 28 degrees of horizontal swing both left and right, so the tractor can turn more smoothly while under load, reducing fuel use and improving operator comfort.

AGCO offers the only tractors on the market available with a steerable three-point hitch. This feature allows the MT800 Series to make headland turns closer to the center point of wide implements when under high draft loads. It also reduces the amount of steering power needed while maintaining a higher draft force.

“This feature really allows an operator the ability to make steering adjustments and continue pulling a ground-engaged implement forward instead of sideways,” Soliday adds. “This reduces stress on the implement while allowing the operator to keep rolling.”

Both standard (15,000-pound lift capacity) and high-capacity (20,000-pound lift capacity) hitches are available. Each also includes a Category 5 free-swinging drawbar with 15,000-pound vertical load rating. With the drawbar unpinned and the hitch allowed to swing, the combination can achieve 23.5 degrees of horizontal swing both left and right.

High-performance hydraulics

To meet the needs of today’s most sophisticated implements, the Challenger MT800 Series is equipped with a hydraulic system that is entirely dedicated to the valves, hitch, drawbar control and power beyond.

Two options are available: a single pump providing 58.1 gpm at 1,700 rpm or the exclusive dual pump, dual circuit system for up to 116.2 gpm. This unique dual system dedicates one pump each to the left and right valve blocks, so implements can be connected according to their flow requirements. Each pump delivers only the flow that is required, whether high or low, without throttle losses.

“This dual system allows the operator to increase hydraulic efficiency and not work the pumps any harder than needed for the implement’s operation,” Soliday says. “For example, a central-fill planter will have a high-flow hydraulic requirement for its vacuum system and a low-flow requirement for the cylinders raising and lowering the transport wheels.”

In addition, separate oil reservoirs for the implement and tractor hydraulic systems prevent cross contamination and extend the service interval to 2,000 hours.

Challenger MT800 Series tractors, which will be available in 2021, come with a two-year or 2,000-hour limited warranty. For more information about these new tractors, visit the Challenger showroom within agcovirtualshowroom.com/, or to find a dealer near you and arrange a demonstration, visit http://www.challenger-ag.us/. Be sure to follow Challenger on Facebook (@Challenger-Ag).

# # #

MEDIA CONTACTS:
Bob Blakely, AGCO | Bob.Blakely@AGCOCorp.com | 770-232-8018
Dee Weeda, Dee Weeda Communications | Dee@DeeWeedaComm.com | 641-344-0757

Challenger is a registered trademark of Caterpillar Inc. and is used under license by AGCO. AccuDrive, AccuTerminal, Accu-VT, SmartRide and SmartRide+ are trademarks of AGCO.

About AGCO
AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural solutions and delivers high-tech solutions for farmers feeding the world through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger^®, Fendt^®, GSI^®, Massey Ferguson^® and Valtra^®, supported by Fuse^® smart farming solutions. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $9.0 billion in 2019. For more information, visit https://www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

]]>

AGCO Announces Recipients of 2020 Operator of the Year Donations

Tue, 24 Nov 2020 13:00:00 GMT

DULUTH, GA (11/24/2020) – AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and solutions, announced today that charitable donations were received by fourteen different local community organizations on behalf of past winners of the annual Operator of the Year award.

In previous years, the award was presented to individual application operators who demonstrated high levels of performance, leadership, community support, and involvement. However, in celebration of the program’s 15th year and in recognition of the challenges faced by communities throughout the coronavirus pandemic, AGCO, its dealers, and retailers of past Operator of the Year winners transformed the award to benefit local nonprofit organizations.

“We are sincerely grateful for the generosity of our dealers and retailers, who readily agreed that this year’s award should go to their communities and organizations serving those in need,” said David Webster, AGCO director of marketing. “Such devotion to their neighbors perfectly exemplifies the qualities that Operator of the Year has recognized every year since 2005.”

Donations were made to charitable organizations identified by each of the ag retailers who nominated the program’s past 14 winners. The retailers, with full support from AGCO dealers, have been delivering the donations since early October. The Operator of the Year program will plan to return to its original structure of awarding nominated operators in 2021.

Recipients of the 2020 donations are below. For more information regarding recipient organizations and photos of presentations, follow #OperatorOfTheYear and #ApplyLikeAPro on @ChallengerAg’s Facebook page.

Ziegler Ag Equipment and Ag Partners of Goodhue, MN
for the Courage Kenny Foundation
Ziegler Ag Equipment and Crystal Valley Cooperative of Madelia, MN
for the Future Farmers of America - Madelia High School Chapter
Atlantic & Southern Application Sales and Southern States Cooperative of Pitt County, NC
for Clayhill Hunting Club’s USSA Clayhill Hunt
Agri-Service and Simplot Grower Solutions of Madison County, ID
for the Teton-Newdale Cemetery Veterans Memorial
Ziegler Ag Equipment and Heartland Co-op of Slater, IA
for the Des Moines Area Community College Agribusiness Program
Agri-Service and Wilbur-Ellis of Warden, WA
for Life Services of Spokane
MacAllister Machinery AG Division and Nutrien Ag Solutions of Rochester, IN
for Future Farmers of America – Caston High School Chapter
Butler Ag Equipment and Agtegra of Aberdeen, SD
for Groton Post 114 of the American Legion
Butler Ag Equipment and Wilbur-Ellis of Mott, ND
for the Mott / Regent Public School Library
Butler Ag Equipment and Agtegra of Aberdeen, SD
for Make-A-Wish South Dakota & Montana
Butler Ag Equipment and CHS of Alma, NE
for the Xi Gamma Upsilon Chapter of Beta Sigma Phi International
MacAllister Machinery AG Division and Ceres Solutions of Templeton, IN
for the Benton Community Food & Service Co-Op
MacAllister Machinery AG Division and Clunette Elevator of Leesburg, IN
for the Nappanee Missionary Church
Butler Ag Equipment and Farmers Oil Union of Fairmount, ND
for St. Jude Children’s Research Hospital

###

MEDIA CONTACTS:
Bob Blakely, AGCO | Bob.Blakely@AGCOCorp.com | 770-232-8018

]]>

AGCO Launches Virtual Product Showroom

AG Daily — Thu, 10 Sep 2020 14:05:00 GMT

This week, AGCO Corporation launched a virtual product showroom for producers and consumers in North America.

AGCO Announces Chairman and CEO Succession

Thu, 20 Aug 2020 13:29:00 GMT

DULUTH, GA – AGCO, a worldwide manufacturer and distributor of agricultural equipment and solutions (NYSE:AGCO), today announced that Martin Richenhagen has chosen to retire as Chairman, President and Chief Executive Officer on December 31, 2020. The Company further announced that its Board of Directors has appointed Eric Hansotia, currently AGCO’s Senior Vice President and Chief Operating Officer, to succeed Mr. Richenhagen as Chairman, President and Chief Executive Officer effective January 1, 2021. In addition, Mr. Hansotia has been elected to the Board of Directors, effective immediately.

Martin Richenhagen joined AGCO in 2004 as President and CEO and was named Chairman of the Board of Directors in 2006.

“It’s been my greatest privilege to serve alongside my AGCO colleagues for the past 16 years,” stated Mr. Richenhagen. "Their dedication, integrity, innovativeness and commitment to our customers are what make AGCO such an extraordinary Company, and I’m proud to have been part of its history. I have tremendous confidence in Eric, the Board, our employees and our dealer network, and believe that AGCO’s best days are yet to come.”

Speaking on behalf of AGCO’s Board of Directors, Gerald Shaheen, AGCO’s independent Lead Director, stated, "Martin has served AGCO with great distinction through the years, and we are enormously thankful for his contributions to the Company. Under his leadership, AGCO evolved into an integrated global manufacturer of high-tech, sustainable, agricultural solutions to serve our farmers around the world. AGCO expanded its product portfolio, entered into new markets, consolidated product platforms and modernized facilities. Driven by strong financial performance under his direction, AGCO improved to an investment grade credit rating while initiating a dividend and a substantial share re-purchase program. Martin has been a model of corporate leadership and integrity in the industry. We wish him well in his retirement and look forward to new levels of success under Eric’s leadership.”

“The Board and I are confident that Eric is the right person to build on AGCO’s solid foundation,” added Mr. Richenhagen. “Eric is a seasoned leader with broad industry knowledge, making him uniquely qualified to lead AGCO into the future. Eric has made significant contributions to AGCO’s success over the past seven years, most recently leading the Company through the unique challenges presented by COVID-19. His strong strategic view on the future trends in global agriculture along with his diverse operational experience will enable AGCO to successfully meet the changing needs of our customers.” Mr. Hansotia joined AGCO as Senior Vice President, Global Crop Cycle and Fuse Connected Services in 2013 and and has served in the role of Senior Vice President and Chief Operating Officer in 2019. Prior to joining AGCO, Mr. Hansotia had a successful 20-year tenure with Deere & Company where he held leadership positions including Senior Vice President, Global Harvesting and Vice President of Global Crop Care.

Mr. Hansotia shared, "I want to express my gratitude to both Martin and the Board of Directors for their confidence in my ability to lead AGCO into the future. Together with our talented team, I look forward to helping our global farmers sustainably feed the world through smart, innovative agricultural solutions. I believe farmer-driven innovation is the key to unlocking value for our employees, dealers and shareholders, and I look forward to building on Martin’s legacy as we realize AGCO’s bright future.”

]]>

Distributor focusing on farmer support

Rural News Group — Mon, 18 May 2020 14:14:00 GMT

AGCO Australia and New Zealand have announced plans focused around protecting the welfare and livelihood of its customers, employees, and the community during the COVID-19 pandemic.

AGCO invests in new digital capabilities for a seamless experience for dealers and customers

Sun, 10 Nov 2019 15:00:00 GMT

Innovation is creating new opportunities. Farmers are now increasingly using smart solutions to improve their farm productivity. Farming is evolving digitally, and farmers’ expectations are growing according to these changes. Today more than ever, farmers expect efficient ways to run their business. They want easy, fast and real-time solutions, customized for their needs.

AGCO will continue to exceed farmers’ growing expectations with the contribution of the Digital Customer Experience program (DCX). This business transformation program is developing new ways to offer the best experience for our customers by significantly improving the engagement processes for AGCO and its distribution partners. DCX is leveraging the power of new technologies to create integrated digital platforms to support the digital strategies of AGCO’s core brands.

The DCX program is enhancing the complete customer journey, starting from when customers learn about AGCO’s products and farming solutions through their entire performance life cycle. From their smartphones, tablets and desktops, customers will have new ways to interact with their brand, from the convenience of their home or on the move. They will be able to learn about new solutions available for their farms, configure their machines to suit their requirements, manage their fleet and purchase services and accessories, a breakthrough in the agricultural OEM industry. A new and modern collaborative eCommerce platform will make ordering parts to their preferred dealer even easier.

The new solutions will also ensure a consistent, high-quality and more effective selling process for AGCO’s distribution partners. Together with its dealers, AGCO will be able to continuously improve value propositions to the customers based on analytics. If customers give permissions and consent to access and use their data, dealers will be able to reach new customer segments and offer tailored, relevant solutions to them, identifying immediate needs, and anticipating them throughout the customer journey.

Agritechnica 2019 will be an opportunity for AGCO’s visitors to get a taste of new digital products and services. Successfully presented to the press and dealer network in July, FendtOne will be showed at the exhibition in Hannover. FendtOne is a unique platform that seamlessly connects the office with machines, merges them into a new operating unit, and offers an unprecedented, integrated user experience. The platform will be available for Fendt customers in Germany, France and the UK from March 2020.

Valtra will demonstrate the Customer Portal, an easy to use online platform that allows customers to manage their business seamlessly and access all the information they need to connect with their dealers and brand. Early this year, Valtra has launched this new product for a select set of customers in the UK and will roll it out to the German market after Agritechnica.

Massey Ferguson has recently embraced a new digital approach, to provide an immersive, meaningful and seamless, Zero Distance® Experience to its business partners and customers improving their productivity and close connection with the Massey Ferguson brand. MyMF, the brand-new Customer Portal, is only one of the results of this new journey and will be available in the UK from the first half of 2020, followed by a roll-out in Germany and France.

During the next year, the DCX program team will continue to develop digital solutions for the rest of Europe and Middle East (EME) markets and the other AGCO regions, starting with Asia-Pacific (APA). The creative hub supporting digital operations will continue to be Marktoberdorf, where the team will positively transform the customer journey through the development of the new best-in-class digital ecosystem, bringing new opportunities to AGCO, its core brands, dealers and customers, making business easier, faster and more efficient globally.

About AGCO
AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural solutions and delivers high-tech solutions for farmers feeding the world through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, supported by Fuse® smart farming solutions. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $9.4 billion in 2018. For more information, visit http://www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR

]]>

Top Newsmakers from the 2019 Farm Progress Show

Farm Equipment — Wed, 28 Aug 2019 16:50:00 GMT

Farm Equipment sent several staffers to the Farm Progress Show in Decatur, Ill., to cover the latest innovations and trends in the farm equipment market. What follows are noteworthy product launches, industry notes and trending news impacting the industry.

AGCO Reports Second Quarter Results

Tue, 30 Jul 2019 11:30:00 GMT

DULUTH, Ga.

Net Income Improvement in Second Quarter

Full Year Earnings Outlook Increased

AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, reported net sales of approximately $2.4 billion for the second quarter of 2019, a decrease of approximately 4.5% compared to the second quarter of 2018. Reported and adjusted net income was $1.82 per share for the second quarter of 2019. These results compare to a reported net income of $1.14 per share and adjusted net income, excluding restructuring expenses and costs associated with an early retirement of debt, of $1.32 per share for the second quarter of 2018. Excluding unfavorable currency translation impacts of approximately 4.6%, net sales in the second quarter of 2019 increased 0.1% compared to the second quarter of 2018.

Net sales for the first six months of 2019 were approximately $4.4 billion, a decrease of approximately 2.8% compared to the same period in 2018. Excluding unfavorable currency translation impacts of approximately 5.7%, net sales for the first six months of 2019 increased approximately 2.9% compared to the same period in 2018. For the first six months of 2019, reported net income was $2.66 per share, and adjusted net income, excluding restructuring expenses was $2.68 per share. These results compare to reported net income of $1.44 per share and adjusted net income, excluding restructuring expenses and costs associated with an early retirement of debt, of $1.68 per share for the first six months of 2018.

Second Quarter Highlights

Reported regional sales results⁽¹⁾: North America 3.1%, Europe/Middle East (“EME”) (5.7)%, South America (15.4)%, Asia/Pacific/Africa (“APA”) (6.7)%
Constant currency regional sales results⁽¹⁾⁽²⁾: North America 3.6%, EME 0.2%, South America (9.7)%, APA (0.8)%
Operating margin improvement of over 160 basis points vs. second quarter of 2018
Regional operating margin performance: North America 8.3%, EME 14.3%, South America (3.8)%, APA 4.3%
Full-year net sales projection decreased to reflect reduced market outlook
Full-year outlook for net income per share increased
Dividend increased approximately 7% to $0.16 per share, effective second quarter 2019
Repurchases reduced outstanding shares by approximately 0.9 million in the first half of 2019

⁽¹⁾As compared to second quarter 2018.

⁽²⁾Excludes currency translation impact. See reconciliation in appendix.

“Our second quarter results were highlighted by margin expansion across all regions and significant growth in earnings per share,” stated Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. “Continued progress on our margin initiatives allowed us to overcome increasingly challenging market conditions in our key markets and improve earnings per share on relatively flat revenues. Increased price realization and initiatives aimed at lowering material costs and raising productivity contributed to the improved profitability in the second quarter. While we have lowered our production schedule to align with market demand, we have raised our earnings outlook for the full year to reflect our confidence in our continued strong margin performance.”

Market Update

Industry Unit Retail Sales

Six Months Ended June 30, 2019	Tractors Change from Prior Year Period	Combines Change from Prior Year Period

North America⁽¹⁾	(3)%	(2)%
South America	(11)%	11%
Western Europe⁽²⁾	4%	(17)%
⁽¹⁾Excludes compact tractors. ⁽²⁾Based on Company estimates.

“Wet weather and flooding in the U.S. have delayed planting, curtailed planted acreage and reduced 2019 crop production estimates,” continued Mr. Richenhagen. “Hot, dry conditions across much of Western Europe are also impacting crop production in that region. Increased harvests in Brazil and Argentina should provide some offset to lower production in North America. While negative in the short-term for farm income and farm equipment demand, forecasts for lower crop production and lower ending inventories of grain have moved commodity prices higher, which could be positive for global farm income in the future. Concerns over delayed crop development and lower harvest forecasts negatively impacted North American industry retail sales in the first six months of 2019 compared to the same period in 2018. We expect North American industry retail tractor sales to be relatively flat in 2019 compared to last year. Modestly higher sales of small tractors and hay and forage equipment are expected to offset lower retail sales in the row crop segment compared to last year. Continued warm, dry growing conditions across much of Europe have stressed the development of the winter wheat crop, while milk prices remain supportive of the dairy sector. Industry retail sales in Western Europe increased in the first six months of 2019, following a year of mixed results in 2018 for the arable farming segment. Industry sales growth in France and Germany was partially offset by declines in the United Kingdom and Italy. For the full year of 2019, industry demand in Western Europe is expected to be flat compared to 2018. Industry retail sales in South America decreased during the first six months of 2019. The benefits of improved grain production in Brazil and Argentina were offset by interruptions in the government subsidized finance program in Brazil and weak macro-economic conditions in Argentina. For the full year of 2019, industry demand in South America is expected to be flat compared to 2018. Longer term, we are optimistic about the fundamentals supporting commodity prices and farm income as well as healthy growth in our industry.”

Regional Results

AGCO Regional Net Sales (in millions)

Three Months Ended June 30,	2019		2018		% change from 2018	% change from 2018 due to currency translation⁽¹⁾	% change excluding currency translation

North America	$	618.9	$	600.5	3.1%	(0.6)%	3.6%
South America	185.8		219.6		(15.4)%	(5.7)%	(9.7)%
Europe/Middle East	1,457.2		1,545.2		(5.7)%	(5.9)%	0.2%
Asia/Pacific/Africa	160.7		172.3		(6.7)%	(5.9)%	(0.8)%
Total	$	2,422.6	$	2,537.6	(4.5)%	(4.6)%	0.1%

Six Months Ended June 30,	2019		2018		% change from 2018	% change from 2018 due to currency translation⁽¹⁾	% change excluding currency translation
North America	$	1,115.1	$	1,103.4	1.1%	(0.7)%	1.7%
South America	341.9		401.7		(14.9)%	(8.4)%	(6.5)%
Europe/Middle East	2,667.8		2,708.9		(1.5)%	(7.3)%	5.8%
Asia/Pacific/Africa	293.6		331.1		(11.3)%	(6.3)%	(5.0)%
Total	$	4,418.4	$	4,545.1	(2.8)%	(5.7)%	2.9%
⁽¹⁾ See appendix for additional disclosures

North America

Net sales in the North American region increased 1.7% in the first six months of 2019 compared to the same period of 2018, excluding the negative impact of currency translation. Increased sales of application equipment, as well as high horsepower and compact tractors, were partially offset by lower sales of utility tractors. Income from operations for the first six months of 2019 improved approximately $17.6 million compared to the same period in 2018. The benefit of improved pricing and sales mix contributed most of the increase.

South America

AGCO’s South American net sales decreased 6.5% in the first six months of 2019 compared to the first six months of 2018, excluding the impact of unfavorable currency translation. Income from operations improved approximately $17.7 million in the first half of 2019 compared to the same period in 2018. The South America results in the first six months reflect low levels of industry demand and company production, as well as cost impacts associated with the transition of newer product technology into our Brazilian factories.

Europe/Middle East

Europe/Middle East net sales increased 5.8% in the first six months of 2019 compared to the same period in 2018, excluding unfavorable currency translation impacts. Sales growth was strongest in France, Central Europe and Germany and was partially offset by weaker sales in Scandinavia. Income from operations improved approximately $29.0 million for the first six months of 2019, compared to the same period in 2018, due to the benefit of higher sales and production, pricing and the timing of engineering costs compared to the prior year.

Asia/Pacific/Africa

AGCO’s Asia/Pacific/Africa net sales decreased 5.0%, excluding the negative impact of currency translation, in the first six months of 2019 compared to the same period in 2018. Lower sales in Australia and China were partially offset by sales growth in Africa. Income from operations improved approximately $1.1 million in the first six months of 2019, compared to the same period in 2018, due to improved margins and lower operating expenses.

Outlook

Global industry demand in 2019 is expected to be consistent with 2018 levels. AGCO’s net sales for 2019 are projected to be flat compared to 2018 at approximately $9.4 billion, reflecting positive pricing, higher sales volumes offset by unfavorable foreign currency translation impacts. Gross and operating margins are expected to improve from 2018 levels, reflecting the positive impact of pricing and cost reduction efforts. Based on these assumptions, 2019 earnings per share are targeted at approximately $5.08 on a reported basis, or approximately $5.10 on an adjusted basis, which excludes restructuring expenses.

* * * * *

AGCO will host a conference call with respect to this earnings announcement at 10:00 a.m. Eastern Time on Tuesday, July 30, 2019. The Company will refer to slides on its conference call. Interested persons can access the conference call and slide presentation via AGCO’s website at www.agcocorp.com in the “Events” section on the “Company/Investors” page of our website. A replay of the conference call will be available approximately two hours after the conclusion of the conference call for twelve months following the call. A copy of this press release will be available on AGCO’s website for at least twelve months following the call.

* * * * *

Safe Harbor Statement

Statements that are not historical facts, including the projections of earnings per share, sales, industry demand, market conditions, commodity prices, currency translation, farm income levels, margin levels, investments in product and technology development, new product introductions, restructuring and other cost reduction initiatives, production volumes, tax rates and general economic conditions, are forward-looking and subject to risks that could cause actual results to differ materially from those suggested by the statements. The following are among the factors that could cause actual results to differ materially from the results discussed in or implied by the forward-looking statements.

• Our financial results depend entirely upon the agricultural industry, and factors that adversely affect the agricultural industry generally, including declines in the general economy, adverse weather, tariffs, increases in farm input costs, lower commodity prices, lower farm income and changes in the availability of credit for our retail customers, will adversely affect us.

• A majority of our sales and manufacturing take place outside the United States, and, many of our sales involve products that are manufactured in one country and sold in a different country, and as a result, we are exposed to risks related to foreign laws, taxes and tariffs, trade restrictions, economic conditions, labor supply and relations, political conditions and governmental policies. These risks may delay or reduce our realization of value from our international operations. Among these risks are the uncertain consequences of Brexit, Russian sanctions and tariffs imposed on exports to and imports from China.

• Most retail sales of the products that we manufacture are financed, either by our joint ventures with Rabobank or by a bank or other private lender. Our joint ventures with Rabobank, which are controlled by Rabobank and are dependent upon Rabobank for financing as well, finance 40% to 50% of the retail sales of our tractors and combines in the markets where the joint ventures operate. Any difficulty by Rabobank to continue to provide that financing, or any business decision by Rabobank as the controlling member not to fund the business or particular aspects of it (for example, a particular country or region), would require the joint ventures to find other sources of financing (which may be difficult to obtain), or us to find another source of retail financing for our customers, or our customers would be required to utilize other retail financing providers. As a result of the recent economic downturn, financing for capital equipment purchases generally has become more difficult in certain regions and in some cases, can be expensive to obtain. To the extent that financing is not available or available only at unattractive prices, our sales would be negatively impacted.

• Both AGCO and our finance joint ventures have substantial accounts receivables from dealers and end customers, and we would be adversely impacted if the collectability of these receivables was not consistent with historical experience; this collectability is dependent upon the financial strength of the farm industry, which in turn is dependent upon the general economy and commodity prices, as well as several of the other factors listed in this section.

• We have experienced substantial and sustained volatility with respect to currency exchange rate and interest rate changes, which can adversely affect our reported results of operations and the competitiveness of our products.

• Our success depends on the introduction of new products, particularly engines that comply with emission requirements, which requires substantial expenditures.

• Our production levels and capacity constraints at our facilities, including those resulting from plant expansions and systems upgrades at our manufacturing facilities, could adversely affect our results.

• Our expansion plans in emerging markets, including establishing a greater manufacturing and marketing presence and growing our use of component suppliers, could entail significant risks.

• Our business increasingly is subject to regulations relating to privacy and data protection, and if we violate any of those regulations or otherwise are the victim of a cyber attack, we could incur significant losses and liability.

• We depend on suppliers for components, parts and raw materials for our products, and any failure by our suppliers to provide products as needed, or by us to promptly address supplier issues, will adversely impact our ability to timely and efficiently manufacture and sell products. We also are subject to raw material price fluctuations, which can adversely affect our manufacturing costs.

• We face significant competition, and if we are unable to compete successfully against other agricultural equipment manufacturers, we would lose customers and our net sales and profitability would decline.

• We have a substantial amount of indebtedness, and, as a result, we are subject to certain restrictive covenants and payment obligations that may adversely affect our ability to operate and expand our business.

Further information concerning these and other factors is included in AGCO’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2018. AGCO disclaims any obligation to update any forward-looking statements except as required by law.

About AGCO

AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural solutions and delivers high-tech solutions for farmers feeding the world through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, supported by Fuse® smart farming solutions. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $9.4 billion in 2018. For more information, visit http://www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

Please visit our website at www.agcocorp.com

AGCO CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited and in millions)
	June 30, 2019			December 31, 2018
ASSETS
Current Assets:
Cash and cash equivalents	$	279.9		$	326.1
Accounts and notes receivable, net	1,010.7			880.3
Inventories, net	2,424.8			1,908.7
Other current assets	446.2			422.3
Total current assets	4,161.6			3,537.4
Property, plant and equipment, net	1,377.8			1,373.1
Right-of-use lease assets	203.3			—
Investment in affiliates	404.7			400.0
Deferred tax assets	97.5			104.9
Other assets	134.6			142.4
Intangible assets, net	541.6			573.1
Goodwill	1,494.0			1,495.5
Total assets	$	8,415.1		$	7,626.4

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Current portion of long-term debt	$	70.2		$	72.6
Short-term borrowings	238.7			138.0
Senior term loan	227.7			—
Accounts payable	931.4			865.9
Accrued expenses	1,557.2			1,522.4
Other current liabilities	203.7			167.8
Total current liabilities	3,228.9			2,766.7
Long-term debt, less current portion and debt issuance costs	1,308.1			1,275.3
Operating lease liabilities	163.3			—
Pensions and postretirement health care benefits	212.0			223.2
Deferred tax liabilities	107.8			116.3
Other noncurrent liabilities	266.3			251.4
Total liabilities	5,286.4			4,632.9

Stockholders’ Equity:
AGCO Corporation stockholders’ equity:
Common stock	0.8			0.8
Additional paid-in capital	7.1			10.2
Retained earnings	4,591.1			4,477.3
Accumulated other comprehensive loss	(1,534.3		)	(1,555.4		)
Total AGCO Corporation stockholders’ equity	3,064.7			2,932.9
Noncontrolling interests	64.0			60.6
Total stockholders’ equity	3,128.7			2,993.5
Total liabilities and stockholders’ equity	$	8,415.1		$	7,626.4


See accompanying notes to condensed consolidated financial statements.

AGCO CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited and in millions, except per share data)
	Three Months Ended June 30,
	2019		2018
Net sales	$	2,422.6	$	2,537.6
Cost of goods sold	1,858.7		1,981.3
Gross profit	563.9		556.3
Selling, general and administrative expenses	260.7		271.8
Engineering expenses	87.5		93.0
Restructuring expenses	—		2.7
Amortization of intangibles	15.4		18.2
Bad debt expense	0.7		2.5
Income from operations	199.6		168.1
Interest expense, net	6.0		21.2
Other expense, net	11.6		27.2
Income before income taxes and equity in net earnings of affiliates	182.0		119.7
Income tax provision	53.2		38.5
Income before equity in net earnings of affiliates	128.8		81.2
Equity in net earnings of affiliates	11.6		9.2
Net income	140.4		90.4
Net loss attributable to noncontrolling interests	0.4		1.0
Net income attributable to AGCO Corporation and subsidiaries	$	140.8	$	91.4
Net income per common share attributable to AGCO Corporation and subsidiaries:
Basic	$	1.84	$	1.15
Diluted	$	1.82	$	1.14
Cash dividends declared and paid per common share	$	0.16	$	0.15
Weighted average number of common and common equivalent shares outstanding:
Basic	76.6		79.3
Diluted	77.2		80.2


See accompanying notes to condensed consolidated financial statements.

AGCO CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited and in millions, except per share data)
	Six Months Ended June 30,
	2019			2018
Net sales	$	4,418.4		$	4,545.1
Cost of goods sold	3,397.8			3,560.8
Gross profit	1,020.6			984.3
Selling, general and administrative expenses	522.9			536.4
Engineering expenses	172.0			183.9
Restructuring expenses	1.7			8.6
Amortization of intangibles	30.7			33.9
Bad debt expense	1.3			2.9
Income from operations	292.0			218.6
Interest expense, net	9.5			31.5
Other expense, net	26.2			38.7
Income before income taxes and equity in net earnings of affiliates	256.3			148.4
Income tax provision	72.6			49.9
Income before equity in net earnings of affiliates	183.7			98.5
Equity in net earnings of affiliates	22.4			16.9
Net income	206.1			115.4
Net (income) loss attributable to noncontrolling interests	(0.2		)	0.3
Net income attributable to AGCO Corporation and subsidiaries	$	205.9		$	115.7
Net income per common share attributable to AGCO Corporation and subsidiaries:
Basic	$	2.69		$	1.46
Diluted	$	2.66		$	1.44
Cash dividends declared and paid per common share	$	0.31		$	0.30
Weighted average number of common and common equivalent shares outstanding:
Basic	76.6			79.4
Diluted	77.3			80.3


See accompanying notes to condensed consolidated financial statements.

AGCO CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited and in millions)
	Six Months Ended June 30,
	2019			2018
Cash flows from operating activities:
Net income	$	206.1		$	115.4
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation	107.1			115.1
Amortization of intangibles	30.7			33.9
Stock compensation expense	24.8			22.5
Equity in net earnings of affiliates, net of cash received	(16.8		)	(13.4		)
Deferred income tax benefit	13.2			(14.3		)
Loss on extinguishment of debt	—			15.7
Other	3.0			1.3
Changes in operating assets and liabilities:
Accounts and notes receivable, net	(143.5		)	(83.0		)
Inventories, net	(513.7		)	(396.3		)
Other current and noncurrent assets	(18.2		)	(47.3		)
Accounts payable	83.1			7.9
Accrued expenses	1.6			6.7
Other current and noncurrent liabilities	9.7			47.2
Total adjustments	(419.0		)	(304.0		)
Net cash used in operating activities	(212.9		)	(188.6		)
Cash flows from investing activities:
Purchases of property, plant and equipment	(114.9		)	(89.8		)
Proceeds from sale of property, plant and equipment	0.1			2.3
Investment in unconsolidated affiliates	—			(5.8		)
Other	—			0.4
Net cash used in investing activities	(114.8		)	(92.9		)
Cash flows from financing activities:
Proceeds from indebtedness, net	402.5			266.4
Purchases and retirement of common stock	(70.0		)	(34.3		)
Payment of dividends to stockholders	(23.7		)	(23.8		)
Payment of minimum tax withholdings on stock compensation	(26.7		)	(3.5		)
Payment of debt issuance costs	(0.5		)	—
Investment by noncontrolling interests	1.0			—
Net cash provided by financing activities	282.6			204.8
Effects of exchange rate changes on cash and cash equivalents	(1.1		)	(10.4		)
Decrease in cash and cash equivalents	(46.2		)	(87.1		)
Cash and cash equivalents, beginning of period	326.1			367.7
Cash and cash equivalents, end of period	$	279.9		$	280.6


See accompanying notes to condensed consolidated financial statements.

AGCO CORPORATION AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited, in millions, except share amounts, per share data and employees)

1. STOCK COMPENSATION EXPENSE

The Company recorded stock compensation expense as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Cost of goods sold	$	0.5	$	1.1	$	1.0	$	1.9
Selling, general and administrative expenses	12.2		12.5		24.2		20.9
Total stock compensation expense	$	12.7	$	13.6	$	25.2	$	22.8

2. RESTRUCTURING EXPENSES

From 2014 through 2019, the Company announced and initiated several actions to rationalize employee headcount at various manufacturing facilities and administrative offices located in Europe, Africa, South America, China and the United States in order to reduce costs in response to softening global market demand and lower production volumes. The aggregate headcount reduction was approximately 3,890 employees between 2014 and 2018. The Company had approximately $7.1 million of severance and related costs accrued as of December 31, 2018. During the six months ended June 30, 2019, the Company recorded an additional $1.7 million of severance and related costs associated with further rationalizations associated with the termination of approximately 40 employees, and paid approximately $3.4 million of severance and associated costs. The $1.7 million of costs incurred during the six months ended June 30, 2019 included a $0.3 million write-down of property, plant and equipment. The remaining $5.0 million of accrued severance and other related costs as of June 30, 2019, inclusive of approximately $0.1 million of negative foreign currency translation impacts, are expected to be paid primarily during 2019.

3. INDEBTEDNESS

Long-term debt at June 30, 2019 and December 31, 2018 consisted of the following:

	June 30, 2019			December 31, 2018
1.056% Senior term loan due 2020	$	227.7		$	228.7
Senior term loan due 2022	170.7			171.5
Credit facility, expires 2023	96.8			114.4
1.002% Senior term loan due 2025	284.6			—
Senior term loans due between 2019 and 2028	811.6			815.3
Other long-term debt	17.3			20.6
Debt issuance costs	(2.7		)	(2.6		)
	1,606.0			1,347.9
Less: 1.056% Senior term loan due 2020	(227.7		)	—
Senior term loans due 2019	(63.7		)	(63.8		)
Current portion of other long-term debt	(6.5		)	(8.8		)
Total long-debt, less current portion and debt issuance costs	$	1,308.1		$	1,275.3

As of June 30, 2019 and December 31, 2018, the Company had short-term borrowings due within one year of approximately $238.7 million and $138.0 million, respectively.

4. INVENTORIES

Inventories at June 30, 2019 and December 31, 2018 were as follows:

	June 30, 2019		December 31, 2018
Finished goods	$	925.2	$	660.4
Repair and replacement parts	640.9		587.3
Work in process	311.4		217.5
Raw materials	547.3		443.5
Inventories, net	$	2,424.8	$	1,908.7

5. ACCOUNTS RECEIVABLE SALES AGREEMENTS

The Company has accounts receivable sales agreements that permit the sale, on an ongoing basis, of a majority of its wholesale receivables in North America, Europe and Brazil to its U.S., Canadian, European and Brazilian finance joint ventures. As of June 30, 2019 and December 31, 2018, the cash received from receivables sold under the U.S., Canadian, European and Brazilian accounts receivable sales agreements was approximately $1.5 billion and $1.4 billion, respectively.

Losses on sales of receivables associated with the accounts receivable financing facilities discussed above, reflected within “Other expense, net” in the Company’s Condensed Consolidated Statements of Operations, were approximately $11.0 million and $19.7 million, respectively, during the three and six months ended June 30, 2019. Losses on sales of receivables associated with the accounts receivable financing facilities discussed above, reflected within “Other expense, net” in the Company’s Condensed Consolidated Statements of Operations, were approximately $9.7 million and $17.5 million, respectively, during the three and six months ended June 30, 2018.

The Company’s finance joint ventures in Europe, Brazil and Australia also provide wholesale financing directly to the Company’s dealers. As of June 30, 2019 and December 31, 2018, these finance joint ventures had approximately $91.4 million and $82.5 million, respectively, of outstanding accounts receivable associated with these arrangements. In addition, the Company sells certain trade receivables under factoring arrangements to other financial institutions around the world.

6. NET INCOME PER SHARE

A reconciliation of net income attributable to AGCO Corporation and subsidiaries and weighted average common shares outstanding for purposes of calculating basic and diluted net income per share for the three and six months ended June 30, 2019 and 2018 is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Basic net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$	140.8	$	91.4	$	205.9	$	115.7
Weighted average number of common shares outstanding	76.6		79.3		76.6		79.4
Basic net income per share attributable to AGCO Corporation and subsidiaries	$	1.84	$	1.15	$	2.69	$	1.46
Diluted net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$	140.8	$	91.4	$	205.9	$	115.7
Weighted average number of common shares outstanding	76.6		79.3		76.6		79.4
Dilutive stock-settled appreciation rights, performance share awards and restricted stock units	0.6		0.9		0.7		0.9
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share	77.2		80.2		77.3		80.3
Diluted net income per share attributable to AGCO Corporation and subsidiaries	$	1.82	$	1.14	$	2.66	$	1.44

7. SEGMENT REPORTING

The Company’s four reportable segments distribute a full range of agricultural equipment and related replacement parts. The Company evaluates segment performance primarily based on income from operations. Sales for each segment are based on the location of the third-party customer. The Company’s selling, general and administrative expenses and engineering expenses are charged to each segment based on the region and division where the expenses are incurred. As a result, the components of income from operations for one segment may not be comparable to another segment. Segment results for the three and six months ended June 30, 2019 and 2018 are as follows:

Three Months Ended June 30,	North America		South America			Europe/ Middle East		Asia/ Pacific/Africa		Consolidated
2019
Net sales	$	618.9	$	185.8		$	1,457.2	$	160.7	$	2,422.6
Income (loss) from operations	51.4		(7.1		)	208.8		7.0		260.1

2018
Net sales	$	600.5	$	219.6		$	1,545.2	$	172.3	$	2,537.6
Income (loss) from operations	37.6		(16.7		)	208.5		4.6		234.0

Six Months Ended June 30,	North America		South America			Europe/ Middle East		Asia/ Pacific/Africa		Consolidated
2019
Net sales	$	1,115.1	$	341.9		$	2,667.8	$	293.6	$	4,418.4
Income (loss) from operations	82.0		(15.6		)	336.5		10.4		413.3

2018
Net sales	$	1,103.4	$	401.7		$	2,708.9	$	331.1	$	4,545.1
Income (loss) from operations	64.4		(33.3		)	307.5		9.3		347.9

A reconciliation from the segment information to the consolidated balances for income from operations is set forth below:

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Segment income from operations	$	260.1		$	234.0		$	413.3		$	347.9
Corporate expenses	(32.9		)	(32.5		)	(64.7		)	(65.9		)
Stock compensation expense	(12.2		)	(12.5		)	(24.2		)	(20.9		)
Restructuring expenses	—			(2.7		)	(1.7		)	(8.6		)
Amortization of intangibles	(15.4		)	(18.2		)	(30.7		)	(33.9		)
Consolidated income from operations	$	199.6		$	168.1		$	292.0		$	218.6

RECONCILIATION OF NON-GAAP MEASURES

This earnings release discloses adjusted income from operations, adjusted net income and adjusted net income per share, each of which exclude amounts that are typically included in the most directly comparable measure calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). A reconciliation of each of those measures to the most directly comparable GAAP measure is included below.

The following is a reconciliation of reported income from operations, net income and net income per share to adjusted income from operations, net income and net income per share for the three and six months ended June 30, 2019 and 2018 (in millions, except per share data):

	Three Months Ended June 30,
	2019						2018
	Income From Operations		Net Income⁽¹⁾		Net Income Per Share⁽¹⁾		Income From Operations		Net Income⁽¹⁾		Net Income Per Share⁽¹⁾
As reported	$	199.6	$	140.8	$	1.82	$	168.1	$	91.4	$	1.14
Restructuring expenses⁽²⁾	—		—		—		2.7		2.0		0.02
Extinguishment of debt ⁽³⁾	—		—		—		—		12.7		0.16
As adjusted	$	199.6	$	140.8	$	1.82	$	170.8	$	106.1	$	1.32

⁽¹⁾	Net income and net income per share amounts are after tax.
⁽²⁾	The restructuring expenses recorded during the three months ended June 30, 2018 related primarily to severance costs associated with the Company’s rationalization of certain U.S., European and South American manufacturing operations and various administrative offices.
⁽³⁾	The Company repurchased approximately $185.9 million of its outstanding 5 7/8% senior notes during the three months ended June 30, 2018. The repurchase resulted in a loss on extinguishment of debt of approximately $15.7 million, including associated fees, offset by approximately $3.0 million of accelerated amortization of the deferred gain related to a terminated interest rate swap instrument associated with the senior notes.

	Six Months Ended June 30,
	2019						2018
	Income From Operations		Net Income⁽¹⁾		Net Income Per Share⁽¹⁾		Income From Operations		Net Income⁽¹⁾		Net Income Per Share⁽¹⁾
As reported	$	292.0	$	205.9	$	2.66	$	218.6	$	115.7	$	1.44
Restructuring expenses⁽²⁾	1.7		1.2		0.02		8.6		6.2		0.08
Extinguishment of debt⁽³⁾	—		—		—		—		12.7		0.16
As adjusted	$	293.7	$	207.1	$	2.68	$	227.2	$	134.6	$	1.68

⁽¹⁾Net income and net income per share amounts are after tax.

⁽²⁾The restructuring expenses recorded during the six months ended June 30, 2019 and 2018 related primarily to severance costs associated with the Company’s rationalization of certain African, U.S., European and South American manufacturing operations and various administrative offices.

⁽³⁾The Company repurchased approximately $185.9 million of its outstanding 5 7/8% senior notes during the three months ended June 30, 2018. The repurchase resulted in a loss on extinguishment of debt of approximately $15.7 million, including associated fees, offset by approximately $3.0 million of accelerated amortization of the deferred gain related to a terminated interest rate swap instrument associated with the senior notes.

The following is a reconciliation of targeted net income per share to adjusted targeted net income per share for the year ended December 31, 2019:

	Net Income Per Share⁽¹⁾
As targeted	$	5.08
Restructuring expenses	0.02
As adjusted targeted⁽²⁾	$	5.10

⁽¹⁾Net income per share amount is after tax.

⁽²⁾The above reconciliation reflects adjustments to full year 2019 targeted net income per share based upon restructuring expenses and other adjustments incurred during the six months ended June 30, 2019. Full year restructuring expenses could differ based on future restructuring activity.

The following tables set forth, for the three and six months ended June 30, 2019 and 2018, the impact to net sales of currency translation by geographical segment (in millions, except percentages):

	Three Months Ended June 30,						Change due to currency translation
	2019		2018		% change from 2018		$			%
North America	$	618.9	$	600.5	3.1	%	$	(3.4	)	(0.6	)%
South America	185.8		219.6		(15.4	)%	(12.6		)	(5.7	)%
Europe/Middle East	1,457.2		1,545.2		(5.7	)%	(91.0		)	(5.9	)%
Asia/Pacific/Africa	160.7		172.3		(6.7	)%	(10.2		)	(5.9	)%
	$	2,422.6	$	2,537.6	(4.5	)%	$	(117.2	)	(4.6	)%

	Six Months Ended June 30,						Change due to currency translation
	2019		2018		% change from 2018		$			%
North America	$	1,115.1	$	1,103.4	1.1	%	$	(7.2	)	(0.7	)%
South America	341.9		401.7		(14.9	)%	(33.8		)	(8.4	)%
Europe/Middle East	2,667.8		2,708.9		(1.5	)%	(197.3		)	(7.3	)%
Asia/Pacific/Africa	293.6		331.1		(11.3	)%	(20.8		)	(6.3	)%
	$	4,418.4	$	4,545.1	(2.8	)%	$	(259.1	)	(5.7	)%

View source version on businesswire.com: https://www.businesswire.com/news/home/20190730005559/en/

Greg Peterson
Vice President, Investor Relations
770-232-8229
greg.peterson@agcocorp.com

]]>

AGCO Innovations Earn Seven 2019 AE50 Awards

Fri, 08 Feb 2019 18:10:00 GMT

DULUTH, Ga. — AGCO Corporation (NYSE:AGCO) received seven AE50 Awards from the American Society of Agricultural and Biological Engineers (ASABE) in 2019, more than any other OEM. Approximately 50 products, representing the best innovations in engineering and technology for agricultural, food and biological systems, are chosen for recognition each year by a panel of expert engineers.

This year’s winning products from AGCO include: Hesston by Massey Ferguson^® WR9900 Series Windrower OptiRide™ Cab Suspension; Fendt^® IDEAL™ Combine; TerraGator^® C-Series High-Flotation Applicator; Amity Precision Shank Drill; GSI Z-Series™ Bins and Flexwave^® Technology; GSI Dry/Cool Portable Quiet Dryer and GSI Quiet TopDry; and Recon SpreadSense^®.

“AGCO is thrilled to be recognized once again for our advancing technologies, which help farmers around the world address their real-world production challenges," says Brad Arnold, vice president, Global Crop Cycle and Fuse Connected Services. “We’re particularly proud that these honors are for product lines with extreme diversity, which speaks to our vision to serve customers across all facets of agriculture. As the needs of farmers continue to change, we remain committed to developing state-of-the-art solutions for their new challenges.”

Winning products are selected based on their innovation, significant engineering advancement and impact on the market served. The AE50 award program is sponsored by Resource, the membership publication of ASABE, to emphasize the role of new and redesigned products and systems in bringing advanced technology to the marketplace. The awards will be presented in February during ASABE's annual Agricultural Equipment Technology Conference in Louisville, Kentucky.

2019 AGCO AE50 Award Winners

The WR9900 Series Windrower OptiAir Cab Suspension incorporates a four-post air suspension system for ultimate ride, vibration removal and noise suppression. The OptiAir provides best-in-class ride comfort with 40 percent less vibration, which is a significant improvement over other systems that the operator will feel at the end of a long day. Self-leveling airbags on all four corners of the cab are automatically adjusted from the on-board air compressor and pneumatic system, providing the superior ride comfort of pneumatic suspension along with maintenance-free coil springs. The system even automatically compensates for weight variations such as when a second person is in the cab.

The Fendt IDEAL Combine is the first “clean-sheet” design of an axial combine in 30 years. In Fendt tradition, it is loaded with innovations that provide in-field efficiency, unfailing uptime, simple operation and excellent grain quality. An easy-to-use touch-screen tablet allows operators to select preferences for minimizing grain damage or loss and material other than grain in the bin. The IDEALharvest^TMsystem automatically makes on-the-go adjustments to maintain pre-set harvest parameters and gives the operator real-time crop flow visualization. With an optional 485-bushel grain tank, the industry’s largest, and the IDEAL Streamer™ 6.0 auger, which empties the grain tank at 6.0. bu./second, users spend less time unloading and more time harvesting. The combine is available in Class 7, 8 and 9. Headers include the 9255 DynaFlex™ draper in 25-, 30-, 35- and 40-foot models and the 15-foot 4300 pickup head. Both chopping and non-chopping 3300 Command Series corn heads are available.

TerraGator^® C Series High-Flotation Applicators are designed for the narrow application windows driven by tightening agronomic requirements. This is the first high-flotation application equipment with operator controls closely aligned with row-crop application equipment, so operators can move between machines with little or no learning curve. On the three highest horsepower models, efficient control software for the continuously variable transmission delivers 10 percent more power to the ground. In addition, the touch screen interface controls cruise speed, shuttle speed and acceleration/deceleration, so the operator can set the machine to perform to specific preferences. Agronomic enhancements for liquid and dry application focus on precise placement with finer section control, as well as maximum crop coverage and minimum environmental impact. The TerraGator C Series also was the 2018 MAGIE “Show Stopper” Award winner and the 2018 CropLife IRON New Product of the Year.

The 61-foot Amity Precision Shank Drill (PSD) is a highly productive air seeder that blends the best features of the legendary Concord air drill with today’s modern technology. The PSD row unit incorporates multiple features to make the drill perform as a precise seeding machine, even at higher operating speeds. The independent link row unit allows for precise depth control, exceptional ground following, smoother field finish and better packer wheel performance, all leading to better seed placement and emergence. Using active hydraulic down pressure, rippled coulters on each row unit slice trash and fracture the ground ahead of the opener to keep residue flowing and minimize soil blow out. The independent closing discs capture the soil displaced by the opener, returning it over the seed to be properly packed. The row unit requires zero daily maintenance, which contributes to a simple-to-operate drill.

GSI’s new Z-Series Bins with Flexwave Technology offer farmers a safer, more efficient and less labor-intensive option for unloading grain bins. Standard grain bins are typically emptied through a combination of gravity and sweep augers, but a level of grain always remains on the bin floor and needs to be removed using brooms or shovels. It’s hard, time-consuming, dusty work that can also be dangerous if farmers perform this chore while a sweep auger is still running. With the revolutionary Z-Series Bins, large liners made of durable fabric alternately inflate and deflate to gently push grain into a central reclaim for removal. The system provides 99.9 percent cleanout without requiring farmers to enter the bin.

GSI introduced two new grain dryers in 2018: the Dry/Cool Portable Quiet Dryer, which heats grain in the top plenum of the dryer to reduce moisture and cools it in the bottom plenum, and Quiet TopDry, a combined drying and storage unit that dries grain in an upper chamber, then drops it into a lower compartment for storage. Both models incorporate GSI’s Quiet Dryer technology, introduced in 2017, which reduces the noise level by 50 percent compared to conventional grain dryers. Two new components also have been integrated: the unique GSI UV Flame Sensor for both dryer models and industry-leading GSI TopDry Terminal Manual Batch Control for the Quiet TopDry. Both components are designed to promote improved dryer performance and harvest efficiency.

Recon SpreadSense from Intelligent Ag is the industry’s first blockage monitor for boom-type dry fertilizer applicators. Patented acoustic sensors easily install onto the back of each deflector, where they listen to the material flow and send sound pulses through auditory tubes, like a stethoscope. These acoustic signals are collected by an Electronic Control Unit, which transmits the information to an iPad^® in the cab. If there is a blockage anywhere in the system, the operator will receive an alert. Operators will have more peace of mind knowing that the product they are applying is getting to the ground as they intended. Because they don’t have to visually detect flow issues, they can extend their run time into low-light conditions and increase productivity. Recon SpreadSense helps commercial applicators ensure that they provide their customers with consistent, high-quality application of dry fertilizers.

For more information on these new products, visit your nearest dealer or www.agcocorp.com.

# # #

MEDIA CONTACTS:

Kelli Cook, AGCO North America | Kelli.Cook@agcocorp.com | 404-353-3607

Dee Weeda, Dee Weeda Communications | Dee@DeeWeedaComm.com| 641-344-0757

©2019 AGCO Corporation. Fendt and Massey Ferguson are worldwide brands of AGCO. Hesston by Massey Ferguson and TerraGator are registered trademarks of AGCO. OptiAir, IDEAL and IDEALharvest are trademarks of AGCO. Z-Series is a trademark and Flexwave is a registered trademark of GSI. SpreadSense is a trademark of Intelligent Ag. iPad is a registered trademark of Apple Inc., registered in the U.S. and other countries.

About AGCO

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural solutions and supports more productive farming through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger^®, Fendt^®, GSI^®, Massey Ferguson^® and Valtra^®, supported by Fuse^® precision technologies and farm optimization services. Founded in 1990, AGCO is headquartered in Duluth, Georgia, USA. In 2017, AGCO had net sales of $8.3 billion. For more information, visit http://www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

About ASABE

The American Society of Agricultural and Biological Engineers is an educational and scientific organization dedicated to the advancement of engineering and technology for sustainable agricultural, food and biological systems. Members are consultants, educators, executives and others who uniquely understand the interrelationships between technology and living systems. Founded in 1907 and headquartered in St. Joseph, Michigan, ASABE comprises 8,000 members from more than 100 countries.

]]>

Fendt Tractors from AGCO featured at 2019 World Ag Expo

Mon, 04 Feb 2019 19:05:00 GMT

DULUTH, Ga. — AGCO Corporation (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, will feature four models of its Fendt^® high-horsepower tractors at the 2019 World Ag Expo (WAE) in Tulare, California. This is the first time these high performing tractors have been exhibited at WAE. Show attendees will find the Fendt tractors at the AGCO exhibit space Q46 between “Q” and “R” at North Greenbelt. Other products on display include Hesston by Massey Ferguson^® hay equipment, a full lineup of Massey Ferguson^® tractors, including low-profile and high-clearance models, and the powerful Challenger^® track and 4WD tractors.

For more than 90 years, Fendt has combined craftsmanship with engineering to deliver innovative, high-quality, reliable farm equipment designed for in-field efficiency and ease of use. Fendt’s tractor lineup exemplifies this tradition.

“We’re excited to showcase four of our most popular Fendt models,” says Andrew Sunderman, tactical marketing manager North America at AGCO. “Since they were introduced to North America, these tractors have become the leading choice of producers seeking unequalled comfort and productivity for tackling everything from daily livestock chores to planting to deep tillage or moving heavy loads.”

Fendt tractors deliver power and fuel efficiency due to the latest engine technology. They feature comfortable cabs and productivity-boosting options, such as front 3-point hitch, front PTO, self-leveling front axle suspension and the VarioGrip onboard tire pressure inflation system. On exhibit will be the 700 Vario (145 to 240 HP), the 800 Vario (220 to 280 HP), the 900 Vario (270 to 360 HP) and the powerful yet fuel-efficient 1000 Vario (396-517 HP), designed for the heaviest draft work, yet compact, agile and versatile enough for optimum performance on the road.

As a full-line equipment manufacturer, AGCO will showcase many of its other popular and innovative products well-suited for California agriculture.

NEW – Massey Ferguson^® GC1700 sub-compact tractors. The new GC1700 Series tractors add new styling, operator comfort and ergonomic enhancements to the reliable, powerful drivetrain, taking the new GC1723E and GC1725M tractors to the next level. Tilt steering, integrated joystick and a one-piece rubber floor mat are some of the features of these handy, agile 22.5 and 24.5 HP diesel tractors.

At any of our six Massey Ferguson GC1700 ride & drive stations, WAE visitors can show off their tractor-driving skills: dig; scoop and move; back it up; pull some real weight; grade a path ‒ and take our Backhoe Challenge!

The Hesston brand has been a leader in delivering hay and forage harvesting innovations for more than 70 years. Featured at WAE will be the Hesston by Massey Ferguson WR9800 and WR9900 Series self-propelled windrowers. They are favorites of commercial and conventional hay producers for a clean, smooth cut, enhanced crop drydown, ability to cover many acres and operator comfort. The WR Series offers a range of horsepower and options to fit any size operation and features AGCO-exclusive innovations such as an optional RearSteer™ system, OptiAir™ premium four-post air-ride cab suspension and TwinMax™ double-conditioning system.

Hesston originated the 4x4 baler in 1978 and hasn’t looked back. On display will be the popular and extremely reliable 2200 Series large square balers as well as a 2370 Ultra High Density (Ultra HD) baler, the industry’s first Class 8 square baler. All Hesston large square balers are designed for reliability, featuring low-maintenance chain drives to ensure proper timing and simplify maintenance. Each baler features its own specifically designed high-capacity double-reduction gearbox.

Growers searching for a high-capacity three-string baler that meets the handling and transportation needs of the western market will want to see the Hesston 1844S in-line small square baler. It produces high-quality bale flakes and rock-solid 15- x 22-inch bales that load and stack like bricks. The bales average 48 inches in length and weigh up to 180 pounds at normal baling moisture.

Massey Ferguson tractors: From 25 HP compact models to the 6700 Series mid-range tractors, Massey Ferguson has something for every use. Check out the tractors for orchards, vineyards and high-value produce operations, including the MF4610 high-clearance utility tractor and the MF4710 and MF6713 low profile models. They continue Massey Ferguson’s 170-year-old legacy of farm equipment manufacturing and nearly 90 years of providing innovations in tractor technology to farmers around the world.

To learn more about the full line of products available in North America, visit AGCOcorp.com or your local Challenger, Massey Ferguson or Fendt dealer. For more information about the Fendt IDEAL combine visit IDEALHarvesting.com.

# # #

MEDIA CONTACTS:

Kelli Cook, AGCO North America | Kelli.Cook@AGCOcorp.com | 404-353-3607

Dee Weeda, Dee Weeda Communications | Dee@DeeWeedaComm.com | 641-344-0757

©2019 AGCO Corporation. Fendt and Massey Ferguson are worldwide brands of AGCO. Hesston by Massey Ferguson is a registered trademark of AGCO. Challenger is a registered trademark used under license from Caterpillar, Inc. RearSteer, OptiAir and TwinMax are trademarks of AGCO.

About AGCO

]]>

Fendt IDEAL Combine from AGCO Featured at 2019 National Farm Machinery Show

Tue, 29 Jan 2019 15:07:00 GMT

DULUTH, Ga. — AGCO Corporation will feature its new Fendt^® IDEAL^TM combine at the 2019 National Farm Machinery Show. Cleaned up and polished after harvesting demonstrations in fields in fall 2018, the Fendt IDEAL combine is the industry’s latest in harvesting innovation. Show attendees should plan extra time to see IDEAL at the AGCO display — Lots 7801 & 7823 — on the east side of South Wing B at the Kentucky Exposition Center in Louisville, Kentucky, Feb. 13-16, 2019.

“Producer experience and field testing for Fendt IDEAL combines has been integral in the launch of this machine,” says Caleb Schleder, tactical marketing manager for Harvesting at AGCO. “We are excited North American farmers harvested their crops with the combine last fall, and proud it made a positive impression on producers who sat behind the wheel.”

This axial combine sets a new standard for harvesting automation, blending Fendt’s tradition of engineering innovation with the most advanced operating technology, to deliver what producers told AGCO they want in a combine — in-field efficiency, unfailing uptime, totally simple operation and better grain quality. These are some of the attributes that earned it a 2019 AE50 Award from the American Society of Agriculture and Biological Engineers.

During NFMS, producers can learn about the IDEAL combine through the IDEAL Experience, a self-guided walking tour of the combine housed within a grain bin at the AGCO exhibit.

As a full-line equipment manufacturer, AGCO will showcase many of its other popular and innovative products from high-speed White Planters to the latest Massey Ferguson^® balers and Massey Ferguson, Challenger^® and Fendt tractors of all sizes.

NEW – Massey Ferguson GC1700 sub-compact tractors. The new GC1700 Series tractors add new styling, operator comfort and ergonomic enhancements to the reliable, powerful drivetrain, taking the new GC1723E and GC1725M tractors to the next level. Tilt steering, integrated joystick and a one-piece rubber floor mat are some of the features of these handy, agile 22.5 and 24.5 HP diesel tractors.

Recently Introduced ‒ Massey Ferguson 4100 RB Series Silage Baler. Massey Ferguson’s first silage-specific baler is a heavy-duty premium machine that produces high-quality, high-density silage and corn stover bales. It is engineered to deliver the throughput and reliability required for making bales from heavy, high-moisture crops or dry, coarse material such as corn stover or straw.

Fendt High-horsepower Tractors ‒ 700, 800 and 1000 Series. For more than 90 years, Fendt has combined craftsmanship with engineering to deliver innovative, high-quality, reliable farm equipment designed for in-field efficiency and ease of use. Fendt’s tractor lineup exemplifies this tradition. At NFMS, producers will see three of Fendt’s most popular tractors for tackling everything from daily livestock chores to planting to deep tillage or moving heavy loads. From the latest engine technology to comfortable cabs and productivity-boosting options, such as front 3-point hitch, front PTO, self-levelling front axle suspension and Fendt Reaction steering system, these tractors are the leading choice of producers seeking unequalled comfort and productivity.

Also on display will be a wide array of Massey Ferguson compact, heavy-duty utility and mid-range tractors; the reliable, efficient, industry-leading 2270 large square baler from Hesston by Massey Ferguson^®; hard-working Gleaner^® S9 combine; and a high-speed White Planters^® 9924VE planter on tracks pulled by a Challenger^® MT723 track tractor.

To learn more about the full line of products visit AGCOcorp.com or your local Challenger, Massey Ferguson or Fendt dealer. For more information about the Fendt IDEAL combine, visit IDEALHarvesting.com.

# # #

MEDIA CONTACTS:

Kelli Cook, AGCO | Kelli.Cook@AGCOcorp.com | 404-353-3607

Dee Weeda, Dee Weeda Communications | Dee@DeeWeedaComm.com | 641-344-0757

©2019 AGCO Corporation. Fendt and Massey Ferguson are worldwide brands of AGCO. Gleaner, Hesston by Massey Ferguson and White Planters are registered trademarks of AGCO. Challenger is a registered trademark used under license from Caterpillar, Inc. IDEAL is a trademark of AGCO.

About AGCO

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural solutions and supports more productive farming through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger^®, Fendt^®, GSI^®, Massey Ferguson^® and Valtra^®, supported by Fuse^® precision technologies and farm optimization services. Founded in 1990, AGCO is headquartered in Duluth, Georgia., USA. In 2017, AGCO had net sales of $8.3 billion. For more information, visit http://www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

]]>

AGCO Announces Finalists for 13th Annual Operator of the Year

Mon, 19 Nov 2018 15:27:00 GMT

DULUTH, Ga. – AGCO Corporation (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, announces the four finalists for AGCO Application Equipment's 13th Annual Operator of the Year. The award recognizes the value of the hard work professional applicators do caring for crops and customers across the country, as well as their involvement in their communities.

Professional applicators spend long hours in the field every season, using technologically advanced application machinery like a RoGator® or a TerraGator®, to accurately and efficiently apply fertilizer and crop protection products on millions of farm acres, helping farmers achieve their best possible yield. These four application professionals exemplify the best of the application community:

(In alphabetical order)

Jerry Born, Farmers Union Oil of Southern Valley, Fairmount, North Dakota
Layne Heward, Agri-Service, Heyburn, Idaho
Jason Lane, United Prairie, Tolono, Illinois
David Zelhart, Donovan Farmers CO-OP Elevator, Donovan, Illinois

“We are always excited to see the applications come in each year, and read about the amazing application professionals out in the field and all the wonderful ways they serve not just farmers, but their communities as a whole,” said David Webster, director of Application Marketing North America, AGCO. “It is truly an honor for AGCO to sponsor this award.”

Another unique aspect of the Operator of the Year program is that it is open to all ag retailers and custom applicators in the United States, regardless of the equipment brands used in their application fleets.* A panel of judges from AGCO will evaluate finalists based on their performance both in the field and in the community, including criteria such as skill, dedication and customer service, as well as community involvement.

The four finalists will be guests of AGCO at the 2018 Agricultural Retailers Association (ARA) Conference & Expo, Nov. 27-29, at the Boca Raton Resort and Club in Boca Raton, Florida. The 13th Annual Operator of the Year winner will be announced Nov. 28 at the conference and presented the grand prize, a new Harley-Davidson® motorcycle.

# # #

©2018 AGCO Corporation. TerraGator and RoGator are registered trademarks of AGCO Corporation. Harley-Davidson is a registered trademark of H-D U.S.A., LLC. H-D U.S.A. is not a participating partner in or sponsor of this contest.

*Open to U.S. retailers that provide agricultural chemical application services.

About AGCO

AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agriculture equipment and solutions and supports more productive farming through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, supported by Fuse® precision technologies and farm optimization services. Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In 2017, AGCO had net sales of $8.3 billion. For more information, visit http://www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

Media Contacts:

Kelli Cook, kelli.cook@agcocorp.com, 404-353-3607

]]>

"Agribusiness will boost the recovery of the Brazilian economy in 2019", says AGCO’s global CEO

Tue, 06 Nov 2018 20:44:00 GMT

São Paulo (Nov. 6, 2018) - Global Chairman, President and CEO of AGCO, a leading company in the design, manufacture and distribution of agricultural machinery and solutions, Martin Richenhagen, has reassured his level of confidence in the South America’s agricultural scenario. The CEO visits Brazil this week. With global sales 12% higher in comparison to 2017, boosted by good crop yields in the region, AGCO’s CEO predicts that 2019 will be a year of consistent growth.

"We are optimistic about the agricultural scenario in South America, especially in Brazil. Even with the uncertainties in the Brazilian economy and politics, we managed to achieve positive figures and grow in relation to the previous year. Expectations for the coming years are the best possible, so we have invested both in renewing our brands portfolio and in high-technology factories in the region, consolidating AGCO in the era of Industry 4.0", says Richenhagen.

In addition to the expected new record in soybean crops in Brazil, the most recent survey on farmers’ habits, promoted by the Brazilian Association of Farming Marketing and Agribusiness (ABMRA), pointed out that 34.14% of farmers intend to purchase new machinery next year. The trade dispute between the USA and China should also favor the export of equipment produced in Brazil.

To meet this demand and the technological evolution of agricultural machinery, AGCO should complete in 2019 the process of renewing 100% of its portfolio. This process started in 2017. This is the biggest transformation of product portfolio throughout the company's history, with 159 new machines. Among the new products are the Massey Ferguson MF 4700 and MF 5700 tractors, which are developments of the country's best-known and best-selling tractor family, the MF 4200.

In 2018, AGCO invested R$ 112 million, of which R$ 60 million was only for the modernization and application of new technologies in the company's plant in Santa Rosa (RS), and quadrupled the training time of the company's employees to strengthen the concept of "Smart Factory" in its assembly lines. According to a study conducted by the Brazilian Industry Association in 2017, only 1.6% of the companies surveyed work with this concept.

"In addition to all the financial investments we’ve made in our factories, we are also world pioneers in using technologies such as Glass to manufacture our products. We are ready to meet the needs of the South American farmers, our main partners in our mission to feed the world”, says Luís Felli, President of AGCO South America.

Brazil leads the exports of items such as soy, coffee, sugar, and beef and chicken. Even so, the country has about 219 million hectares of land free for agribusiness. This, combined with a favorable climate and the availability of water and fertile land, places Brazil as one of the countries with the greatest potential to meet the growing demands for food on the planet.

Richenhagen has also introduced product launches and strategies from the group's leading brands - such as Massey Ferguson, Valtra, Challenger and GSI - along with AGCO Americas Senior Vice President and General Manager, Bob Crain, AGCO’s President for South America, Luís Felli, and AGCO's Global Head of Communications, Ulrich Stockheim.

High Technology and Precision Farming

Among the new AGCO products, the folding planter Momentum and the combine harvester IDEAL stand out. Momentum reaches the Brazilian market with Precision Planting technology, which improves seed distribution in the field. The product counts with 24, 30 and 40-row versions. In addition, the planter is 18 meters wide when open, which increases the planting speed, and 3.6 meters when closed, to facilitate transportation. Seed storage is also an advantage, with a capacity of up to 5,130 liters.

IDEAL is AGCO's new line of-high performance axial combines. The main advantage of this new product is an intelligent processing system that preserves grain quality and offers better handling, energy efficiency and capacity in a wide range of soil conditions. The IDEAL combine features the latest technology innovations in Precision Farming, offering connected services such as field data and information management.

"The IDEAL combine is the result of many years of research and development, countless hours of engineering, teamwork and industry-leading experience", says AGCO’s President and CEO. "It is another outcome of AGCO's tireless efforts to deliver innovative solutions to the world's farmers", he adds.

About AGCO

]]>

AGCO Appoints Eric Hansotia Chief Operating Officer

Fri, 26 Oct 2018 12:35:00 GMT

AGCO Corporation (NYSE: AGCO), a world-leading manufacturer and distributor of agricultural equipment and solutions, announced today that Eric Hansotia, Senior Vice President, Global Crop Cycle and Fuse Connected Services, has been appointed Chief Operating Officer, a new position within AGCO. Effective January 1, 2019, Mr. Hansotia will assume responsibility for all of AGCO’s regional commercial operations as well as its global product management, engineering, manufacturing and supply chain functions. He will continue to report to Martin Richenhagen, Chairman, President, and CEO of AGCO.

“Eric’s leadership and broad industry knowledge make him uniquely qualified for this important new position,” said Mr. Richenhagen. “He has made significant contributions to AGCO’s success over the past five years particularly in the areas of our precision agriculture and harvesting product offerings. His strong strategic view on the future trends in global agriculture along with his operational experience will ensure AGCO continues to be successful in meeting the changing needs of our customers. I look forward to working closely with Eric on our initiatives to achieve growth and improved returns.”

Mr. Hansotia has extensive experience in the agricultural equipment industry in the areas of engineering, quality, advanced technology, manufacturing, product management, and global business leadership. Prior to joining AGCO in 2013, Mr. Hansotia had a successful 20-year tenure with Deere & Company where he held a number of leadership positions including Senior Vice President, Global Harvesting and Vice President of Global Crop Care.

]]>

Asmark, AGCO Develop Training Course for Experienced Applicators

Mon, 08 Oct 2018 13:45:00 GMT

DULUTH, Ga. – AGCO Corporation (NYSE:AGCO) and the Asmark Institute have created a new Applicator Training Course specifically for crop protection and crop nutrient applicators with more than three years of experience. The two-day program was developed at the request of agricultural retailers and will help experienced applicators stay current with critical issues in an ever-changing industry. The classroom course will be conducted at the Applicator Training Center in Bloomington, Ill., which opened in June 2017 through collaboration between the two organizations.

“Professional applicators working in the industry today are challenged with increased job complexity,” says David Webster, director, AGCO Application Division. “Not long ago, glyphosate-tolerant crops dominated the market, and weed control programs were somewhat standard. That’s completely changed with the rise of herbicide-resistant weeds, the introduction of new chemistries with stricter drift control requirements, and more producers choosing prescription weed control that can mean a different tank-mix in every field to control resistant weeds.’

“Even the most experienced applicators need a full understanding of today’s products and practices to properly steward products and effectively control weeds for customers. For many years, AGCO has been committed to supporting professional applicators, and we believe this course is an important way we can help applicators meet these new challenges,” Webster says.

The two-day Experienced Applicator Training Course is open to anyone involved with crop production, from producers to professional applicators. Classes will be available in 11 sessions from early November through the first week of March. Each class is limited to 21 attendees, on a first-come basis. The course covers a broad range of topics including:

how to reduce or eliminate off-target applications due to spray drift,
the differences in tank additives,
proper cleanout techniques,
the importance of recordkeeping,
reading and understanding product labels,
self-protection in emergencies and how to safety travel on roads, and
how to assess and choose a drift management strategy based on individual field situations.

Continuing education benefits applicators, shows commitment of industry

Tony Kornder, a professional applicator with Ag Partners in Le Sueur, Minn., has more than 20 years of experience. In 2016, Kornder received the Operator of the Year Award from AGCO. Kornder agrees that additional education for even the most experienced applicators is good for both the industry and applicators.

“Our industry has basic licensing and training; however, applicators today need continuing education to help them consistently provide professional results in all situations,” says Kornder. “Attending educational training classes, whether it’s for beginning or experienced applicators, is an opportunity for applicators to improve their skills and knowledge. It’s also an important way to show customers and the general public our industry’s commitment to safely and efficiently applying crop protection products.”

Kornder adds, “Considering complex new chemistries, buffer requirements, changing regulations and increased scrutiny of the agricultural industry, going to a refresher course has many advantages. Besides the technical coursework, learning from peers about what has or hasn’t worked in their area of the country gives us valuable practical information we can use in our own work. The beginning applicator course is critical to teach the basics. An advanced course can help veteran applicators learn how to handle new issues and challenges and refresh them in the basic skills required for professional applicators.”

Comprehensive classroom course led by industry experts

The Experienced Applicator Training Course will be taught by Greg Yoder and Gary Cornell, seasoned ag industry professionals who both started their careers as applicators. Together, they have more than 90 years of industry experience. The classroom training course will provide hands-on-exercises that help attendees not only learn but commit new application processes to memory. Weather permitting, the instructors may also use the mile of all-weather track and more than a million dollars in application equipment to reinforce the course training. At the end of the course, applicators will have gained insights on how to make decisions to apply or not apply crop protection products on a field-by-field basis.

Both AGCO and the Asmark Institute have supported the needs of agricultural retailers for years. Established in 1990, Asmark provides risk management services and products for the agricultural industry and is dedicated to educating and developing custom applicators. AGCO has supported and recognized the industry’s top professionals through the AGCO Operator of the Year Award program since 2006 and provides leading application equipment and technology through products such as RoGator^® and TerraGator^® applicators first introduced nearly 50 years ago.

For more information about the Experienced Applicator Training Course or to register online, go to www.asmark.org/TrainingCourses/applicator-training-experienced. Registration is open for classes available in November 2018 and January, February and March of 2019. For more information about application technology available from AGCO visit your local AGCO Application Equipment dealer or Challenger-ag.us.

# # #

MEDIA CONTACTS:

Kelli Cook, AGCO | Kelli.Cook@AGCOcorp.com | 404-353-3607

Amber Duke, Asmark | Amber@asmark.org | 270-926-4600

Dee Weeda, Dee Weeda Communications | Dee@DeeWeedaComm.com | 641-344-0757

About Asmark Institute

Asmark Institute is a national resource center serving the retail agricultural industry, consisting of retail agribusinesses, state and national trade associations, educational institutions and government agencies. The Institute provides compliance materials and services, develops common sense solutions to new regulatory requirements, assists the government in its mission of protecting life, property and the environment, monitors enforcement activity for uniformity, supports industry efforts to arrive at fair and reasonable regulation and provides a wealth of unique resources to give wings to the ideas designed to help lift an industry. The Institute is a private, non-profit organization that provides a forum for organizations to effectively collaborate on issues for the benefit of the retail agricultural industry.

About AGCO

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural solutions and supports more productive farming through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger^®, Fendt^®, GSI^®, Massey Ferguson^® and Valtra^®, supported by Fuse^® precision technologies and farm optimization services. Founded in 1990, AGCO is headquartered in Duluth, Ga., USA. In 2017, AGCO had net sales of $8.3 billion. For more information, visit http://www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

]]>

AGCO Plant in Santa Rosa Receives Investment in Technological Modernization

AGCO South America — Thu, 27 Sep 2018 16:05:00 GMT

Santa Rosa (RS), September 27, 2018 - AGCO, a global leader in the design, manufacture and distribution of agricultural machinery and solutions, has allocated a contribution of R$ 60 million for the modernization and application of new technologies at the company's plant in Santa Rosa (RS), which is responsible for the production of harvesters, combines and headers of Massey Ferguson, Valtra and Challenger brands. The investment plan began in 2016 and integrates the company's strategy of preparing the plant for the launch of products with high on-board technology, as well as increasing the level of reliability by delivering to the farmer machines with the highest quality standards.

Among the improvements made in the plant is Dyno, a new system that simulates the quality level of combines in operation in the field, before they are delivered to the farmer. The modernization of the whole assembly line is another novelty and can be seen, for example, through the automation systems of welding, a new area of painting with industrial equipment based on nanotechnology, as well as technological procedures for quality measurement.

"AGCO's strategy is to make the plant a center of excellence, with an increasingly intelligent and robust operation that is suitable to receive the production of machines with high technology incorporated. Increasing the productivity level of the plant is another goal to be achieved with these investments. Our expectation for the next two years is to increase factory production by 100%,” says Denis Dutra de Oliveira, Director of Operations at AGCO.
To implement the industry 4.0, AGCO quadrupled the training time to employees. Called "Learn Factory," the initiative aims to increase the knowledge of professionals in the technological and electronic field through workshops and the help of a platform with a virtual simulator, so that employees are more familiar with digital interfaces.

The Santa Rosa plant is responsible for manufacturing all Massey Ferguson and Valtra harvesters, combines and headers. This year, the two brands launched the 45-foot draper header. At Massey Ferguson, the new 9255 Dynaflex is ideal for the axial model MF 9895, class 8. For Valtra, the 645FD header was designed exclusively to equip the BC8800 combine.

Massey Ferguson 360º
From September 25th to 28th, the Santa Rosa factory will receive the Massey Ferguson 360° special action with the objective of providing a differentiated sensory experience to customers and presenting the innovations implemented in the area in the last years.

At the event, which had the first edition at the plant in Canoas (RS), the public of about 300 people will have the opportunity to see closely the six models of combines and all headers of the brand, including the launch of the year, 45 ft 9255 Dynaflex. A test drive of a hybrid combine will be another attraction in which the farmer can check and test the advantages of the machine.

Participants will still be able to experience two combine simulations: Dyno technology, a new combine quality test system, and a second 4D format crop simulator experience in which the visitor will enter a booth, wear augmented reality glasses and have the sensation of operating a machine during a harvest.

About AGCO
AGCO (NYSE: AGCO) is a world leader in the design, manufacture and distribution of agricultural solutions and supports productive agriculture through a full line of equipment and related services. AGCO products are sold through five major brands: Challenger®, Fendt®, GSI®, Massey Ferguson®, and Valtra®, count with the support of Precision Technology Fuse® and agricultural optimization services. Founded in 1990, AGCO is headquartered in Duluth, GA (EUA). In 2017, AGCO had net sales revenue of US$ 8.3 billion. For more information, visit http://www.AGCOcorp.com. For company news, information and news about events, follow us on Twitter: @AGCOCorp. For financial information on Twitter, follow hashtag #AGCOIR.

]]>

New TerraGator C Series High-Flotation Applicator from Challenger Introduced at MAGIE 2018

Tue, 21 Aug 2018 17:18:00 GMT

Agronomic technology and prescription nutrient application have evolved to new levels of precision (complexity) to optimize crop and forage production while carefully stewarding soil and water resources. The Challenger^® TerraGator^® C Series high-flotation applicators and their broad array of dry and liquid application systems are designed to offer the most accurate blend, rate and placement control of any professional application equipment available today.

TerraGator C Series has a redesigned spray system with robust, full-featured booms and a new reload station that delivers greater control, exceptional accuracy and added convenience when applying liquid products. Now equipped with seven boom sections, this liquid system offers more precision and reduces overlap and product waste.

The new TerraGators are equipped with rugged AGCO Power™ engines that are precision-balanced for less vibration and longer engine life. The drive system is built specifically for off-road use for reliability season after season.

The operator chooses a speed — from creep to 46 mph — not a gear, and the Challenger Tractor Management System (TMS) in the TerraGator synchronizes the work of the CVT and AGCO Power engine to match demands of the terrain and the load, so field speed is consistent for precise application.

For operator convenience, the TerraGator C Series features the same application-focused operator environment, intuitive command center and touch-screen AccuTerminal™ found in the RoGator^® C Series row crop applicators. Simple operation and fewer manual operations let the operator focus on application accuracy. The air-ride cab, improved seat suspension, ergonomic design of the familiar controls, and expanded visibility help minimize fatigue through a long day of application.

BLOOMINGTON, Ill. — AGCO Corporation (NYSE:AGCO), a worldwide distributor and manufacturer of agricultural equipment, introduced the TerraGator^® C Series high-flotation nutrient applicator and redesigned spray system at the Midwest Ag Industries Expo (MAGIE) in Bloomington, Ill., August 22 – 23, 2018.

Since their introduction nearly 50 years ago, TerraGator high flotation applicators have led the industry by offering technology needed to accurately apply more products in a single pass through the field. Today, TerraGator C Series applicators by Challenger^® continue this legacy, providing nearly endless choices in single-pass fall or spring preemergence dry and liquid nutrient application to bring even more accuracy and versatility to variable-rate crop input application.

“Crop production technologies have driven prescription nutrient application to new levels of precision and complexity as producers work to optimize crop and forage production. We understand these demands and that covering more acres accurately and efficiently drives our retailer customers’ businesses and producers’ agronomic needs,” says Mark Mohr, tactical marketing manager for AGCO’s application division. “The TerraGator C Series applicators are designed and built to get this work done quickly and efficiently season after season, no matter the crop or the conditions.”

Built tough with performance that pays

The TerraGator C Series has three, light-treading three-wheel models, the TG7300C, TG8300C and TG9300C and one, four-wheel model, the TG8400C for flotation and stability.

They are equipped with efficient AGCO Power™ engines carefully balanced to minimize vibration for long engine life. The chassis and drive systems are built specifically for the harsh conditions of off-road use. Despite their sheer size and power, they’re engineered for efficiency, consuming 8 percent less fuel than previous models.

All may be equipped with AGCO’s new liquid system and one of six dry application systems which can be switched quickly since the electrical connectors are now on the side of the chassis for easy access.

Liquid system provides greater control, accuracy and operator efficiency

The TerraGator C Series re-designed spray system has robust, full-featured booms that are tough and durable while providing greater accuracy. The new reload station has several new features that improve operator efficiency for more time in the field.

The booms on this new system are built tough, with a wider inner-boom cross section and structural members, larger 1.75-inch boom pins and enhanced mid-boom fold and tip breakaway structures for reliability day after day. They are available in 80-foot and 60/80-foot fold-over options to cover 82.5 feet at 30-inch nozzle spacing and 85 feet with 60-inch nozzle spacing. Both booms are available with seven sections for less overlap and reduced product waste. The durable boom tree is built with 4x4 tube construction. Boom height is hydraulically adjustable and can be automatically controlled with height control from Raven or NORAC, making the operator’s job easier. Independent left/right folding is a new feature and booms fold quickly and land lightly in boom stops that are out of the operator’s forward view.

Loading is faster and more efficient as the eductor on the new reload station is 50 percent larger. For operator convenience, the sump controls, remote throttle and other loading functions are controlled on the ground using a touch-button LCD screen with digital tank level display for quick and accurate load management. An optional product recovery system will thoroughly empty the system plumbing, manifold and booms to prevent residue settling and tip plugging.

Choose from six dry systems for versatility and precision

TerraGator C Series applicators may be equipped with any of six dry nutrient application systems. The efficient, flexible New Leader^® NL4500 Edge boundary-spread capable and NL5000 section control capable, spinner-style crop nutrient applicators deliver wide passes for fewer trips over the field. Both are available in MultApplier-ready or MultApplier-complete to apply one, two or four products. When exceptional application accuracy across the entire field is the goal, the time-trusted pneumatic systems from AGCO are the answer. The AirMax^® Precision is a single-bin system that features 70-foot booms with triple-overlap coverage. The AirMax Precision 2 with available granular bin will apply two or three products at once and can vary application rates on the go. The Soilection^® Twin Bin is an open, free-flowing two-bin system with a unique distributor head for more consistent application. The Soilection Four Bin is the ultimate system for accurately blending fertilizers, nutrients and chemicals on the go to variably apply multiple products in a single pass.

Proven, familiar and operator-focused

For operator convenience, the TerraGator C Series features the same application-focused operator environment, intuitive command center and touch-screen AccuTerminal™ found in the RoGator^® C Series row crop applicators. Simple operation and fewer manual operations let the operator focus on application accuracy. The industry-exclusive air-ride cab suspension and enhanced seat suspension provide a comfortable ride, and the ergonomic design of the familiar controls, as well as expanded visibility, help minimize fatigue through a long day of application.

For precise rate and section control the TerraGator C Series applicators rely on fully compatible Raven^® Viper^® 4+ technology and other Raven steering and data transfer products so they seamlessly fit into the application fleet.

To find a dealer near you or for more information about AGCO application equipment including the four new TerraGator C Series applicators and the wide variety of application systems available, visit www.Challenger-ag.com or your local Challenger dealer.

# # # #

MEDIA CONTACTS:

Kelli Cook, AGCO | Kelli.Cook@AGCOcorp.com | 404-353-3607

Dee Weeda, Dee Weeda Communications | 641-344-0757 | Dee@DeeWeedaComm.com

©2018 AGCO Corporation. TerraGator, RoGator, AirMax and Soilection are registered trademarks of AGCO. AccuTerminal and AGCO Power are trademarks of AGCO. Challenger is a registered trademark of Caterpillar Inc. used under license by AGCO. New Leader is a registered trademark of Highway Equipment Company. Raven and Viper are registered trademarks of Raven Industries.

About AGCO

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural solutions and supports more productive farming through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger^®, Fendt^®, GSI^®, Massey Ferguson^® and Valtra^®, supported by Fuse^® precision technologies and farm optimization services. Founded in 1990, AGCO is headquartered in Duluth, Ga., USA. In 2017, AGCO had net sales of $8.3 billion. For more information, visit http://www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

]]>

AGCO will Debut New TerraGator C Series from Challenger at MAGIE 2018

Fri, 03 Aug 2018 15:00:00 GMT

DULUTH, Ga., — AGCO Corporation (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, will debut the new TerraGator^® C Series high-flotation nutrient applicator and redesigned spray system at the Midwest Ag Industries Expo (MAGIE) in Bloomington, Ill., August 22 – 23. Show attendees will see the latest TerraGator 4-wheel and 3-wheel floaters from Challenger^® at the AGCO Lot, #806. There also will be a sneak peek of the RoGator^® AirMax Precision™ dry application system that will be introduced in 2019 for precision application in and out of the growing season.

Since their introduction, TerraGator high flotation applicators have led the industry in accurately applying more products in a single pass through the field. Today, TerraGator C Series applicators by Challenger^® continue this legacy, providing nearly endless choices in single-pass fall or spring preemergence nutrient application, bringing even more accuracy and versatility to variable-rate crop input application to help optimize yields.

“We continuously look for ways to further improve the precision, power and versatility of our application equipment,” says Mark Mohr, tactical marketing manager for AGCO’s application division. “The TerraGator C Series floaters deliver unmatched productivity because we understand timeliness drives our retail customers’ business and producers’ agronomic needs. These applicators are built to get the job done quickly and efficiently no matter the crop or the conditions.”

For operator convenience, the TerraGator C Series features the same application-focused operator environment, intuitive command center and touchscreen AccuTerminal found in the RoGator C Series row crop applicators. Enhanced cab suspension provides a comfortable ride that helps operators be just as productive at the end of a long day as they are at the start. Improved visibility and transmission upgrades that put more power to the ground are other new features of the TerraGator C Series high flotation applicators.

When it comes specifically to liquid application, the TerraGator C Series delivers major on-target, efficiency and uptime benefits. The re-designed spray system has robust, full-featured booms and a new reload station that delivers greater control, exceptional accuracy and added convenience when applying liquid products.

“During MAGIE, operators will want to check out the new TerraGators, the new boom features, sprayer reload station, and other updates that help save time and increase productivity,” says Mohr.

For more details about the new TerraGator, see it at Lot #806 during the MAGIE Show or visit challenger-ag.us.

MEDIA CONTACTS:

Kelli Cook, AGCO | Kelli.Cook@AGCOcorp.com | 404-353-3607

Dee Weeda, Dee Weeda Communications | Dee@DeeWeedaComm.com | 641-344-0757

©2018 AGCO Corporation. TerraGator and RoGator are registered trademarks of AGCO. AirMax Precision is a trademark of AGCO. Challenger is a registered trademark of Caterpillar, Inc., used under license by AGCO.

About AGCO

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural solutions and supports more productive farming through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger^®, Fendt^®, GSI^®, Massey Ferguson^® and Valtra^®, supported by Fuse^® precision technologies and farm optimization services. Founded in 1990, AGCO is headquartered in Duluth, Ga., USA. In 2017, AGCO had net sales of $8.3 billion. For more information, visit http://www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

# # #

]]>

Challenger - AGCO

AGCO and EZ-Drops to Bring Y-Logic Premium Nutrient Delivery System to RoGator Application Sprayers

MEDIA CONTACTS: Bob Blakely, AGCO | Bob.Blakely@AGCOCorp.com | 770-232-8018

Operation Weed Eradication Adds New Coalition Member

MEDIA CONTACTS: Bob Blakely, AGCO | Bob.Blakely@AGCOCorp.com | 770-232-8018 Odessa Hines, BASF | Odessa.Hines@basf.com | 919-886-8081 Lisa McElrath, Raven Industries | Lisa.McElrath@ravenind.com | 605-336-2750

RoGator and TerraGator are registered trademarks of AGCO.

AGCO Introduces All-New Challenger MT800 Series Track Tractors

AGCO Announces Recipients of 2020 Operator of the Year Donations

MEDIA CONTACTS: Bob Blakely, AGCO | Bob.Blakely@AGCOCorp.com | 770-232-8018

AGCO Launches Virtual Product Showroom

AGCO Announces Chairman and CEO Succession

Distributor focusing on farmer support

AGCO invests in new digital capabilities for a seamless experience for dealers and customers

Top Newsmakers from the 2019 Farm Progress Show

AGCO Reports Second Quarter Results

AGCO Innovations Earn Seven 2019 AE50 Awards

Fendt Tractors from AGCO featured at 2019 World Ag Expo

Fendt IDEAL Combine from AGCO Featured at 2019 National Farm Machinery Show

AGCO Announces Finalists for 13th Annual Operator of the Year

"Agribusiness will boost the recovery of the Brazilian economy in 2019", says AGCO’s global CEO

AGCO Appoints Eric Hansotia Chief Operating Officer

Asmark, AGCO Develop Training Course for Experienced Applicators

AGCO Plant in Santa Rosa Receives Investment in Technological Modernization

New TerraGator C Series High-Flotation Applicator from Challenger Introduced at MAGIE 2018

AGCO will Debut New TerraGator C Series from Challenger at MAGIE 2018

MEDIA CONTACTS:
Bob Blakely, AGCO | Bob.Blakely@AGCOCorp.com | 770-232-8018

MEDIA CONTACTS:
Bob Blakely, AGCO | Bob.Blakely@AGCOCorp.com | 770-232-8018
Odessa Hines, BASF | Odessa.Hines@basf.com | 919-886-8081
Lisa McElrath, Raven Industries | Lisa.McElrath@ravenind.com | 605-336-2750

MEDIA CONTACTS:
Bob Blakely, AGCO | Bob.Blakely@AGCOCorp.com | 770-232-8018