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AGCO CEO Sees Upbeat Farmer Sentiment After Farm Progress Show

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Sig1.85Sen+2.65Env0.00Soc0.00Gov0.00

Speaking at a Citi conference following the Farm Progress Show, AGCO CEO Eric Hansotia said farmers showed upbeat sentiment at the event and that the company closed many deals there, unusually for the show. He cited a down-market cycle, investments in technology and dealer relationships, and efforts to manage down inventory, with rising grain prices and growing biofuel demand boosting outlook.

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