AGCO, (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its first-quarter 2024 earnings release conference call is scheduled for Thursday, May 2 at 10 a.m. ET. 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 under the "Investors" Section.
AGCO launches PTx, a Precision Ag Portfolio, to support the future development and distribution of next-generation ag technologies for farmers.
Agco (AGCO) and Trimble (TRMB) have closed their joint venture PTx Trimble, which focuses on precision agriculture and next-generation technology for farmers. Agco Chairman, President, and CEO Eric Hansotia says the venture will help build technology for the "mixed fleet." "We serve farmers not only for one brand, like the Agco brands, but we serve all farmers. No matter who they've bought from in the past, we'll sell technology upgrades to take their existing machine and give it new capability with a technology module," Hansotia explains. Hansotia describes the three go-to-market strategies the company has for PTx: selling to farmers so they can retrofit their equipment, selling the technology on new Agco products, and selling it to OEMs for them to use on their products. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.