Agriculture machinery firm AGCO renames it’s Zambia Future Farm

ZAMBIA – AGCO Corporation, a global leader in the design, manufacture and distribution of agricultural machinery and solutions, has renamed it’s Zambia Future Farm to Martin Richenhagen Future Farm in honour of its long-tenured chairman, president and CEO who is set to retire in December 31 this year. “Mr. Richenhagen has staked his legacy on the continent of Africa, from investing in our parts warehouse facilities, opening our headquarters in Johannesburg, launching our Future Farm concept, introducing the Farm in a Box, and creating the AGCO Agribusiness Qualification initiative,” said…

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AGCO acquires research and product development firm 151 Research to increase their efficiency

AMERICA – AGCO, an American agricultural machinery manufacturer, is acquiring 151 Research, a research and product development firm, to create new technology solutions for grain customers. AGCO and 151 Research previously had an exclusive technology partnership to develop GSI GrainViz precision grain monitoring, which gives growers and commercial operators insight into the moisture content of the grain in their steel storage bins. “Our grain customers are facing significant challenges due to difficulty finding labor, low commodity prices and tight margins. We need the sharpest minds working on finding answers to…

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AGCO partners with Equity Bank to bolster agriculture mechanization in Kenya

KENYA – AGCO, US-based agricultural equipment manufacturer has inked a deal with Equity Bank to enable farmer in Kenya acquire the firm’s Massey Ferguson tractors and accompanying implements via a 80 percent credit line payable within 48 months. The loan credit will be made through the machinery sole franchise holder, FMD East Africa, the local distributor of Massey Ferguson operating under Panafrican Equipment Group- Kenya. FMD general manager Fergus Robley said the partnership addresses a major missing link to better farm husbandry that enables farmers to venture into commercial farming.…

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AGCO to increase investment in Zambia’s Future Farm training facility

ZAMBIA – AGCO, a US based agriculture equipment firm, has said it will make a significant investment towards further development of the Future Farm training facility in Zambia. Speaking during the ground-breaking ceremony on the 150-hectare farm outside of Lusaka, Gary Collar, AGCO senior vice-president and general manager for Asia Pacific and Africa said the initiative seeks to stimulate sustainability in the agriculture sector. “When we conceptualized the Future Farm, our aim was to be a catalyst in the development of a sustainable and prosperous agricultural industry across the continent,…

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AGCO to invest in key agriculture project in Mozambique

MOZAMBIQUE – Agricultural firm AGCO has signed a memorandum of understanding with AT Capital S.A to collaborate in implementing the Parque Agro-industrial de Moamba (PAM) agri-industry park in Maputo, Mozambique. The announcement was made at the sidelines of the 12th U.S.-Africa Business Summit “Advancing a Resilient and Sustainable U.S.-Africa Partnership” in Maputo. The project is aimed at building reliable and resilient food production capacity in Mozambique, for domestic demand and export. The project will span a site of over nine hundred hectares in the Mauvane area of Moamba district at…

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US-based agric equipment firm AGCO opens regional office in Morroco

MOROCCO – US-based manufacturer and distributor of agricultural equipment, AGCO has opened a regional office in the northeast of Casablanca, Morocco to serve the West and North African market. The new office seeks to further consolidate the multinational’s market share in the continent following the launch of a head office in Johannesburg, South Africa, in 2017. According to World Grain report, Nuradin Osman, AGCO vice-president and general manager Africa, said the expansion will also strengthen the company’s ability run its operations in the continent from within. “The opening of the…

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