AGCO 2010 Numbers

Here are the 2010 Agco numbers:  

I really think the super sevens were their bright spot. If an equipment company can't turn a huge profit in this kind of a climate, they might want to take a good, long look at their C.E.O. and management. Maybe they are making some poor management decisions?

Once again, How do we need to educate if the numbers don't speak for themselves. CNH NA numbers for 4th Q were up 14%, I didn't look at Deeres, but I would expect similar or even higher. AGCO's NA tractor sales were up 5% for year (likely due to rush for last of Orange) and combine sales were up 9% in 4Q - we know that was clearly due to Gleaner. As Tom clearly stated, these are not good numbers in this kind of market which is super hot!

I cant wait to see what their sale are at the end of this year in NA, its kinda funny how it hay equipment had a decline in sales. Maybe it was the name and color they put on those products. My dealer hasnt sold a MF red baler has four that have been setting on hte lot for 8 months, he sells them brownish one with AGCO before the other ones.

On nightbly business report they had an expert saying AGCO was not a household name but was a good stock to watch as they are claiming to increase sales 20% next year. I guess we know how that will go!!

You might like it redline!

Positive changes are coming! The dealer I purchased my Kubota from told me that Kubota is going up in horsepower, maybe this year introducing a row crop in the 150+ HP category. Also, redesigned Versatile FWA coming in less than a year, they have hinted that it might even have CVT. Those who have seen the new 4WD Versatiles are quite impressed. Largest cab in industry and sleek design. I would put these 2 companies against AGCO any day with the product line coming - except the Gleaner line - which is still not part of the thought train of current upper management. They are kind of renegades and highly successful!

  I don't have a problem with a red tractor if the decal would say Agco, but I would rather have an orange one if there was a choice.  The MF name being forced on everything is the problem when it all should say Agco whatever the color.  As far as a Kubota,  I have a NH TL100 that is a great utility tractor and would have no problem staying with a blue machine in that hp range.  MF is the least likely of all brands that I would purchase before and now that they want to force it, is a bold move.  I see some hesston dealers that advertise the pics of balers, which are MF red, but do not all have the mf decal.  Not sure what is all going on, unless some dealers are covering up those decals or pealing them off.  As one dealer said this will take a whole generation of farmers to accept the MF name and line after the bad reputation they have aquired through the 80's and beyond.  Yes the orange,red, and yellow are basically the same machine,  but taking a name with a shaky reputation in NA and saying this is what you guys need is a tough sell.  Keep those decals off the Gleaners for sure.

redline wrote: For the record, I am very glad they are expanding their facilities at Jackson, MN. I only wish they were planning to produce a product that I would allow on my farm.