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AGCO's smart farming innovations aid farms and devices operate extra effectively with reduced inputs and better yields–manufacturing extra with much less. Our Answers:
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[citation wanted] However a globally decrease from the agricultural machines market combined with higher inflation, superior domestic fascination costs and A serious recession, caused Massey Ferguson to slide into a decline and search for aid from get more info creditors. On 31 Oct 1979, Volkswagen AG designed an off-the-cuff give for fifty one% of your business, but was rebuffed by Black.[twenty five] On 23 May 1980, Black resigned as chairman. In a subsequent number of detailed and prolonged letters to Herb Grey—the then Canadian Minister of Industry beneath The federal government of Pierre Trudeau—he remarked about the troubles confronted through the agency, and outlined his Remedy, which would have noticed the Canadian and Ontario governments along with Argus Corporation refloat the ailing company. Black failed to obtain an acceptable reaction, and solved to cut his losses.[26]
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Delivering the higher-tech tools required to help our get more info clients is an element of AGCO's motivation to support.