AGCO looks to dominate the precision farming landscape plus deliver products in a new way. Using a retrofit-first strategy, AGCO aims to supply farmers with technology that will work across all brands—including Original Equipment Manufacturers (OEMs), not just on its own machines. Its FarmerCore program, which aims to reshape dealerships, is moving from traditional fixed dealership locations to more mobile on-farm delivery.

The industrials investor American Industrial Partners announced that it has acquired most of AGCO's Grain & Protein division, which offers mission-critical solutions for agribusinesses to improve their products' quality and yields. The division makes and sells equipment and systems for grain storage, seed processing and protein production of mainly poultry, swine and egg.

AGCO’s 2024 Tech Day highlighted the integration of the company and Trimble’s next-generation ag technologies for growers and original equipment manufacturers, including solutions for every season and crop and the potential of generative artificial intelligence (AI) in agriculture.

AGCO demonstrated its new and upcoming agriculture technologies at its 2024 Tech Days, held June 26-27 at the Ade Farm in Salina, Kansas, while fielding the ag labor-shortage question. Focused on a retrofit-first, mixed-fleet approach to tractor autonomy and grain handling, AGCO is preparing to make the next leap to the future of farming.

To back the future of farming with modern technologies, AGCO invested in Innova Ag Innovation Fund VI, of venture capital firm Innova Memphis. This is the first fund investment by AGCO Ventures, AGCO's new corporate venture arm.