) announced a new global strategy to deal with every aspect of
precision farming technology. The new technology strategy dubbed
Fuse Technologies will help the customers of AGCO to improve
productivity and profitability by optimizing their operations.
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Precision farming or satellite farming is a farm management
system which monitors intra-field variations with the help of new
technologies like satellite imagery, information technology and
The Fuse Technologies portfolio will include AGCO's existing
telematics and data management systems and auto guidance
solutions. The technology offers precision agriculture solutions
to customers through seamless integration and connectivity across
all farm assets.
In addition, Fuse Technologies will encompass AGCO's core
products facilitating integration with technology suppliers.
Professional growers will benefit from future developments of
these core precision farming technologies. The technology will
allow connection with current suppliers and Farm Management
Information System (FMIS) software, resulting in lower input
costs, less labor and higher yields.
This unique technology will provide global access to farmers
through extensive dealer networks. It will also help them to gain
proficiency through innovative product training in customer call
Duluth, Ga.-based AGCO is a global leader focused on the design,
manufacture and distribution of agricultural machinery. AGCO
supports more productive farming through a full line of tractors,
combines, hay tools, sprayers, forage equipment, tillage,
implements, grain storage and protein production systems, as well
as related replacement parts.
AGCO, which belongs to the machinery and farming industry along
Alamo Group, Inc.
), remains committed to its plans of expanding business in
The company expects elevated agricultural commodity prices in
2013 which will drive farm income. However, soft demand for grain
storage and protein production equipment, start-up issues at the
Marktoberdorf plant and increased engineering expenses will weigh
on the near-term results.
AGCO currently retains a Zacks Rank #3 (Hold).