AGCO invests in OPTIfarm to improve productivity and animal welfare
DULUTH, Georgia, June 16, 2022–(BUSINESS WIRE)–AGCO (NYSE: AGCO), a global manufacturer and marketer of agricultural machinery and precision farming technology, announced an investment in OPTIfarm, an emerging leader in precision farming.
OPTIfarm uses proprietary software and a team of experts to help farmers create the best environment for their animals. The system improves farm performance and helps achieve key livestock operational goals such as weight gain, improved feed conversion ratio and uniformity. The system also improves animal welfare by monitoring natural behavior to recommend the best possible conditions for livestock health, welfare and safety.
“Our investment in OPTIfarm aligns with our vision to provide industry-leading smart farming solutions that improve our customers’ net farm income and address animal welfare,” said Eric Hansotia. , Chairman and Chief Executive Officer of AGCO. “We believe that advances in modern animal agriculture, like OPTIfarm, can help producers care for their animals and reduce environmental impact, while maximizing productivity.”
AGCO (NYSE: AGCO) is a world leader in the design, manufacture and distribution of agricultural machinery and precision agricultural technology. AGCO delivers value to its customers through its portfolio of differentiated brands including leading brands such as Challenger®, Fendt®, GSI®, Massey Ferguson®, Precision Planting® and Valtra®. Powered by Fuse® smart farming solutions, AGCO’s comprehensive line of equipment and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.1 billion in 2021. For more information, visit www.AGCOcorp .com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.
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