Equipment manufacturer AGCO has made a deal with The Climate Corporation to acquire the Precision Planting LLC equipment business. “Precision Planting is a strong business that plays an essential role […] Read more
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AGCO to acquire Precision Planting from The Climate Corporation
Robot milker firm Lely to shed forage equipment business
Dutch dairy equipment manufacturer Lely, best known in the Canadian market for its robotic milking systems, plans to focus on that business and sell its forage equipment lines to Agco. […] Read more
Deere challenges U.S. federal block on Precision Planting bid
Reuters — Deere and Co. said its proposal to buy Precision Planting, an agricultural equipment and technology company, will increase consumer choice and directly benefit growers, in a response filed […] Read more
Farm tech investment drops off after record year
Reuters — Investor backing for agriculture technology startups cooled in the first half of 2016 after record global investment last year, according to industry data released on Monday. Funding from venture […] Read more
Que. Caterpillar dealer to shed ag equipment arm
Caterpillar’s dealer for Quebec and the Maritime provinces is set to sell its Quebec farm equipment business to a chain of Agco dealerships. Hewitt Equipment — the authorized Cat dealer […] Read more
Agco posts lower profit on falling crop prices
Reuters — Agco Corp. posted a lower quarterly profit Tuesday as growers around the globe, faced with falling prices for farm commodities, purchased fewer tractors and harvesters. The company, which […] Read more