AGCO posts lower profit as falling crop prices hit farmers

Reuters - Agco Corp posted a lower quarterly profit on Tuesday as growers around the globe, faced with falling prices for farm commodities, purchased fewer tractors and harvesters.

The company, which makes equipment sold under the Challenger, Fendt, Massey Ferguson and Valtra brand names, reported a third-quarter net profit of $65.0 million, or 69 cents a share, down from $125.2 million, or $1.27 a share, during the comparable quarter last year.

Revenue fell 13 percent to $2.2 billion.

Analysts, on average, expected the Duluth, Georgia-based company to post a profit of 62 cents a share, according to Thomson Reuters I/B/E/S. (Reporting by James B. Kelleher in Chicago; Editing by Bernadette Baum)

Video: Case IH Farmall Super 120M Explained — Power, Comfort & Capability

Case IH brings back an icon with the Farmall Super 120M, a premium utility tractor that blends classic Farmall heritage with modern performance and technology.

In this video, Brian Williams, Livestock Product Specialist for Case IH, walks through the standout features that make the Super 120M a powerful and versatile option for livestock operations, loader work, and daily farm tasks.

Key Features of the Farmall Super 120M:

— ActiveDrive 16x16 transmission

— 3.6L diesel engine

— And more!

Available in 110 and 120 Super M horsepower, this tractor represents the top tier of the Farmall lineup—combining durability, comfort, and performance with nearly a century of Farmall legacy dating back to 1923.