AGCO strategy looks to increase farm productivity and food security in Africa
2016 marked a good year for the company with a total of $7.4bn in net sales and an adjusted net income at $201.6m. Last year the company also reached 3,050 total dealers worldwide with over 1,390 dealers in North America and over 900 in Europe, with the remainder from Asia, South America, Africa and the Middle east.
AGCO is also working in various fields in order to pave a better future for farming and improved food security in Africa including:
Promoting solar-powered cold storage solutions
Food storage systems can be a critical way of boosting farm productivity and food security in Africa, where significant losses occur annually due to inadequate post-harvest infrastructure. A promising innovation is a village-level, solar-powered cold storage for perishables. This will allow smallholder farmers to reduce post-harvest losses and improve their market access by extending the shelf life of perishables until they can be sold at a fair price.
Continuing investment in Fuse technology
AGCO are continuing their investment in their Fuse initiative, developing precision farming solutions to drive productivity and increase yields. The past year marked the most significant yet for Fuse technologies. New development partnerships will allow AGCO to deliver farm optimization services to its customers and give farmers actionable insights into their fleets, fields, and farms, to support waste reduction, yield increases, and improved profitability.
Exploring the emerging biomass industry
AGCO is also involved with developing the emerging biomass industry. They are working with academia and leading businesses to perfect best practices, and are developing the right equipment to get crops off the field and to market as quickly and efficiently as possible.
For more information:
Louisa Parker
AGCO Corporation
Tel: +44 (0)7789746268
Tel :+260 (0)971398169
[email protected]
