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AGCO Announces Suppliers of the Year Recipients

 
AGCO, Your Agriculture Company, a worldwide manufacturer and distributor of agricultural equipment and infrastructure, presented eight supplier awards during its fourth annual AGCO North America Supplier Day held near its global headquarters in Duluth, Georgia. The event showcased AGCO’s newest equipment including the Challenger 1038 tractor and featured interactive breakout sessions on market trends, supplier performance management systems and network collaboration models. 
 
AGCO’s North America Supplier Day concluded with an Awards Ceremony recognizing top suppliers for their dedication and contribution to AGCO’s success. This year’s awards were expanded to include “Supplier of the Year” for wholegoods and parts as well as direct materials, indirect materials & services, and logistics.
 
AGCO’s leadership team shared updates on the current industry conditions, supply chain advancements and their appreciation for the suppliers, especially the top performers. Bob Crain, senior vice president and general manager of the Americas, commented on the global agriculture market and emphasized trends that are positive for the industry. Josip Tomasevic, global vice president and chief purchasing officer, discussed new product introductions and technological advancements that demonstrate AGCO’s commitment to quality and innovation.
 
Michael Clem, vice president of purchasing and logistics, Americas, highlighted the importance of AGCO’s Supplier Awards ceremony as a celebration of outstanding supply chain relationships in areas such as corporate sustainability, collaboration, and quality. At the same time, nominees were recognized for their commitment to AGCO’s core values of accountability, integrity, respect and transparency.
 
Source : AGCO

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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!