October 3, 2023
Mike Pearson talks about the acquisition of Trimble by AGCO for $2 billion for 85 percent of the company. It's the largest acquisition in AGCO history.
Trimble is a hardware and software company that has long worked in navigation and GSI mapping.
Precision Planting was purchased in 2017 by AGCO.
The idea is for AGCO to automate every element a farmer has in the cab of the tractor including potentially fully autonomous tractors.
AGCO views the idea of retrofitting existing machinery with autonomous features as big business.
Precision AG Division of AGCO is expected to grow to $2 Billion by 2028.
AGCO also has the goal of fully automating the entire crop cycle by 2030.
Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Mike Pearson, farm broadcaster and host of This Week in Agribusiness.
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