![AGCO announced Thursday it is selling its Grain and Protein unit, including GSI, Automated Production, Cumberland, Cimbria and Tecno. (DTN photo by Dan Miller)](https://www.dtnpf.com/mydtn-public-core-portlet/servlet/GetStoredImage?category=CMS&symbolicName=2024n25-machinery-link-gsi.jpg&width=120)
AGCO Sells Grain, Protein Business
AGCO announced Thursday it has sold its Grain and Protein unit to American Industrial Partners for $700 million.
AGCO announced Thursday it has sold its Grain and Protein unit to American Industrial Partners for $700 million.
Deere on Wednesday announced a new round of layoffs, hitting a portion of its salaried staff and adding to the nearly 2,000 employees it has already laid off in the past few months.
The Space Weather Prediction Center has issued a moderate-level geomagnetic storm watch for Wednesday. A storm of this intensity may have a minor impact on farming guidance systems.
Along with reported layoffs among new equipment manufacturers is a June report showing a softening in sales of tractors and combines.
In this Equipment Roundup, DTN/Progressive Farmer looks at John Deere launching two new Gators; U.S. sales of four-wheel-drive tractors increasing 9.4% from last year during May; a drone company getting new FFA approvals; Bobcat...
AGCO gave DTN/Progressive Farmer an up-close look at its new autonomous grain cart retrofit. It will be offering a retrofit package for single cart operations in 2025.
AGCO CEO Eric Hansotia and Precision Ag Leader Seth Crawford recently talked about the manufacturer's new autonomous systems it will begin fielding in 2025.
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