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The Company is a manufacturer and distributor of agricultural equipment and related replacement parts throughout the world.
While down 26.4% YTD, it's peers ( Deere & Company is down 29.1% and Caterpillar Inc. is down 45.8% ) this company holds promise. People still have to eat and that means farms still have to grow and harvest their crops.AGCO Corporation (AGCO) manufactures and distributes agricultural equipment and related replacement parts. AGCO sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment and implements, and a line of diesel engines. Its products are marketed under a number of brand names, including AGCO, Challenger, Fendt, Gleaner, Hesston, Massey Ferguson, RoGator, Spra-Coupe, Sunflower, Terra-Gator, Valtra and White Planters. AGCO distributes most of its products through a combination of approximately 3,000 independent dealers and distributors in more than 140 countries. In addition, the Company provides retail financing in the United States, Canada, Brazil, Germany, France, the United Kingdom, Australia, Ireland and Austria through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank). On September 10, 2007, the Company acquired Industria Agricola Fortaleza Limitada (SFIL).
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