AGCO Corporation operates as a manufacturer and distributor of agricultural equipment and related replacement parts worldwide. The company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. The company’s products are recognized in the agricultural equipment industry and are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson, and Valtra. The company distributes most of its products through approximately 3,000 independent dealers and distributors in approximately 140 countries. In addition, the company provides retail and wholesale financing through its finance joint ventures with Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. Products Tractors The company offers high horsepower tractors (100 to 600 horsepower), typically used on larger farms, primarily for row crop production. The company also offers utility tractors (40 to 100 horsepower), typically used on small- and medium-sized farms and in specialty agricultural industries, including dairy, livestock, orchards and vineyards. In addition, the company offers compact tractors (under 40 horsepower), typically used on small farms and specialty agricultural industries, as well as for landscaping and residential uses. Combines The company offers combines, sold with various threshing technologies and complemented by various crop-harvesting heads, typically used in harvesting grain crops, such as corn, wheat, soybeans and rice. Application Equipment The company offers self-propelled, three- and four-wheeled vehicles and related equipment, for use in the application of liquid and dry fertilizers and crop protection chemicals both prior to planting crops (pre-emergence) and after crops emerge from the ground (post-emergence). Hay Tools and Forage Equipment, Implements and Other Equipment The company offers round and rectangular balers, self-propelled windrowers, disc mowers, spreaders, rakes, tedders, and mower conditioners, used for the harvesting and packaging of vegetative feeds used in the beef cattle, dairy, horse and renewable fuel industries. The company also offers implements, including disc harrows, which cut through crop residue, leveling seed beds and mixing chemicals with the soils; heavy tillage, which break up soil and mix crop residue into topsoil, with or without prior discing; field cultivators, which prepare a smooth seed bed and destroy weeds; and drills, which are primarily used for small grain seeding. The company also offers planters used to apply fertilizer and plant seeds in the field, typically used in row crop seeding. In addition, the company offers other equipment, including loaders, used for various tasks, including lifting and transporting hay crops. Grain Storage and Protein Production Systems The company offers grain storage bins and related drying and handling equipment systems; swine and poultry feed storage and delivery, ventilation and watering systems; and egg production cages and broiler production equipment. Replacement Parts The company offers replacement parts for all of the products that it sells, including products no longer in production. Most of its products could be economically maintained with parts and service for a period of 10 to 20 years. The company’s parts inventories are maintained and distributed through a network of master and regional warehouses throughout North America, South America, Europe, and Australia to provide response to customer demand for replacement parts. Marketing and Distribution The company distributes products primarily through a network of independent dealers and distributors. The company’s dealers are responsible for retail sales to the equipment’s end user in addition to after-sales service and support of the equipment. The company’s distributors might sell its products through a network of dealers supported by the distributor, or its distributors also might directly market its products and provide customer service support. In some countries, the company utilizes associates and licensees to provide a distribution channel for its products and/or a source of low-cost production for certain Massey Ferguson and Valtra products. Seasonality The company’s financing requirements are subject to variations due to seasonal changes in working capital levels, which typically increase in the first half of the year (year ended December 2015) and then decrease in the second half of the year. The fourth quarter is also typically a period for higher retail sales because of the company’s customers’ year-end tax planning considerations, the increase in availability of funds from completed harvests and the timing of dealer incentives. Competition The company’s two principal competitors on a worldwide basis are Deere & Company and CNH Industrial N.V. History AGCO Corporation was founded in 1990. The company was incorporated in Delaware in 1991.
agco corp (AGCO:New York Consolidated)
4205 River Green Parkway
Duluth, GA 30096
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