AGCO CORP

AGCO is a global leader in agricultural machinery and precision agriculture technologies. The company operates with a Farmer-First strategy, delivering value through its brands: Fendt™, Massey Ferguson™, PTx™, and Valtra™. AGCO provides high-performance equipment and smart farming solutions, including brand-agnostic retrofit technologies and autonomous offerings. The company distributes most of its products through approximately 2,800 independent dealers and distributors in approximately 140 countries. AGCO also offers retail and wholesale financing through finance joint ventures with Coöperatieve Rabobank U.A. In 2024, AGCO shifted its portfolio through the PTx Trimble joint venture and the divestiture of the majority of its Grain & Protein (G&P) business. AGCO's significant products and their percentage of net sales in 2023 were: * **Tractors:** Comprising high horsepower (140 to 650 horsepower), utility or mid-range (40 to 130 horsepower), and compact (under 40 horsepower) tractors, which accounted for 61% of net sales. These are used for various applications including row crop production, soil cultivation, planting, land leveling, seeding, commercial hay operations, small and medium-sized farms, specialty agricultural industries (dairy, livestock, orchards, vineyards), landscaping, equestrian, and residential uses. * **Combines:** Sold with various threshing technologies and crop-harvesting heads, used for harvesting grain crops such as corn, wheat, soybeans, and rice, accounting for 4% of net sales. * **Hay Tools and Forage Equipment, Planters, Implements, Precision Agriculture Solutions & Other Equipment:** This category includes round and rectangular balers, loader wagons, self-propelled windrowers, forage harvesters, disc mowers, spreaders, rakes, tedders, and mower conditioners, used for harvesting and packaging vegetative feeds.