The number of agricultural equipment manufacturers that are reducing the size of their workforces is growing, with planter-maker Kinze Manufacturing joining the list of companies that are publicly acknowledging layoffs. Kinze has issued layoff notices to 193 of its 815 employees in Williamsburg, Iowa, as of August 1. “We deeply regret the necessity of this… Read More

AGCO Corporation announced it has entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners (AIP) in an all-cash transaction valued at US$700 million, subject to working capital and other customary closing adjustments. The transaction includes the five primary Grain & Protein brands – GSI, Automated… Read More