Latest news with #MasseyFerguson
The Hindu
a day ago
- Business
- The Hindu
Belagavi techie-turned-farmer wins innovation award from TAFE
Avinash Desai, a techie- turned farmer from Belagavi, has won the first prize for his idea for a mobile slurry de-watering machine powered by a Massey Ferguson tractor. He was gifted a brand-new MF 254 DYNASMART 2WD tractor, worth approximately ₹8.2 lakh. Mr. Desai developed an innovative idea for a mobile slurry de-watering machine powered by the Massey Ferguson DYNATRACK 241. The second prize went to Prateek Agarwal from Hojai in Assam for his concept of a solar-powered sustainable energy hub, earning him an 8 gram gold coin. The third prize was awarded to Amrit Jot Singh from Patiala in Punjab (8 gram gold coin) for his idea of a water purifying unit powered by the MF DYNATRACK 241. The awards were part of the second edition of the competition. The DYNASTAR-2 competition for innovative ideas is organised by TAFE (Tractors and Farm Equipment Limited), the manufacturers of Massey Ferguson tractors. This pioneering initiative by TAFE aims to discover and reward original, scalable, and socially impactful ideas powered by the versatile Massey Ferguson DYNATRACK 241 tractor. The second season saw over 16,000 entries from across 26 States and 5 Union Territories. Experts scanned through the proposed ideas to prepare a shortlist of 12 farmers, rural entrepreneurs, students and innovators. The shortlist comprised competitors from seven States. The jury included members from sales and marketing, operations, and product management. The finalists were evaluated on innovation, feasibility, scalability, income generation potential, and societal impact. The Jury's Choice Award was presented to Jayakumar Karuppusamy, a retired IAS officer from Assam who developed a multi-purpose farm machine. He won a 50 gram silver coin. In the Institutional Category, the team from Agricultural Engineering College and Research Institute of Tamil Nadu Agricultural University, Kumulur, got the first prize for their idea of an 8-row tractor-mounted transplanter. The second prize went to Bannari Amman Institute of Technology, Erode, for developing an automated multi-vegetable transplanter, both using a MF tractor. Students were offered internship opportunities at TAFE.
Agriland
3 days ago
- Automotive
- Agriland
Rarities and runners at Kerry classic tractor auction
Auctions of vintage and classic tractors are often a melting pot of all that was successful and much of that which was not. A sale to be held in Co. Kerry on August 23 delightfully exemplifies this principle with a scattering of rarities in the lots that may not have made millions for the makers but are fascinating details in the history of the farm tractor. Genuine examples of the Ford 7810 Silver Jubilee always attract strong interest. There are also plenty of the old favourites, including a Ford Silver Jubilee 7810 complete with pewter model, which alone is worth a considerable sum. The Ford 5000 was the workhorse of many a farm, but this example as been treated well Another Ford worthy of attention is an original-looking 5000, which is described as being exceptionally clean - and it does indeed have an air of honesty about it which cannot be ignored. Other popular machines that are always in demand include a pair of Mini tractors from the BMC/Nuffield stable. The BMC Mini and Nuffield 4/25 date from the mid-1960s and, although quite capable little machines, sales never reached the hoped for levels The BMC Mini tractor was a 15hp model with a 948cc diesel, by all accounts it was a good little tractor but sales were slow due to the lack of power. The Nuffield 4/25, powered by a 1,500cc diesel, was then produced to address this issue and, although it had more power, production lasted just two years. No auction is complete without a selection of Massey Ferguson tractors, and at Tralee there are some highly desirable examples bearing Harry Ferguson's name. The first Ferguson System tractor from which all other conventional tractors have inherited their basic design principle From the early days come a pair of Ferguson Browns; these are the bedrock of the Ferguson legend, being built by David Brown to Harry's specification. A total of 1,356 were built in the 1930s and surviving examples are rare. So to find two up for sale on the same day is an unusual occurrence, but one that should be taken advantage of. The Massey Ferguson 25 was the Beauvais-built successor to the Ferguson 20. It received mixed reviews here in Ireland, although a significant number were sold. Another notable pair of tractors, the left of these two MF 25's had a higher spec than the standard Irish import model on the right Again there are a pair available, one being a Dutch import with several extras that the standard model sold into Ireland did not enjoy. A little known slice of Massey Ferguson history is represented by a MF 821 from a Massey Harris factory opened in 1926 in the north of France. The Massey Ferguson 821 was produced in the company's other French factory at Marquette-Les-Lille, 200km north of Beauvais Responsible for producing both tractors and combines, the Marquette-Les-Lille factory assembled the MF 821 (sometimes known as the MF 21) from 1959-1967. This example has a 20hp Hanomag diesel powering it, although Peugeot engines were also fitted. Moving on from France to the German tractor factory at Mannheim, there are several examples of machines from both the Lanz era and the period immediately after John Deere's purchase of the company. Four nicely kept Lanz bulldogs, all in good running order, will be going under the hammer Four well-kept Lanz Bulldogs are on offer, all from the same vendor who obviously bestowed a great deal of attention upon them The John Deere 710 had a 50hp Dubuque-made engine but retained the Lanz ten speed gearbox Alongside these are two early Mannheim John Deeres, a JD 710 and a JD 200 while a JD 303, presented in vineyard form here, was assembled at Saran, back in France Built at Saran in France, the 303 is a rare example of John Deere fitting third party engines, in this case a 36hp unit from Standard Motors France was David Brown's largest export market but Germany also became important, and to help fill the gap for smaller machines the company co-operated with Wahl Maschinenfabrik to produce the DB 750. TDB 750 comes complete with side mounted mower, a later DB 1212 stands behind it The tractor had a sleeved-down DB engine and front end coupled to a ZF rear that could drive a mid-mounted mower, which were still popular in the early 1960s. Only 279 were built and sold exclusively in Germany making this a rare find in Ireland, although there are others about. Putting a V8 engine into a big tractor is common enough, but SAME did something which is probably quite unique - they used a V4 in an everyday tractor. Built from 1967-1972, the Leone had four-wheel drive with eight forward and four reverse gears as standard and produced 67hp from the air-cooled engine. The SAME Leona is a unique tractor that deserves a wider recognition than it presently has Giving it a V configuration may well have been an attempt to increase cooling efficiency, for the angle between the cylinders is not great. However, the layout does give it two exhaust pipes and a rather unique engine sound, making it a very attractive machine altogether. The auction will commence at 9am on Saturday, August 23 in the yard of Clifford's Tractor Parts, Tralee, Co Kerry. An international 84 Hydro with 65hp is also in the mix alongside a Case MX 135 The lots are drawn from Colm Clifford's own private collection, plus several other vendors from Co. Kerry and beyond. The auctioneer is Michael Doyle of Co. Carlow and there are expected to be 55-60 lots on the day.
Yahoo
05-08-2025
- Business
- Yahoo
AGCO Cuts Ties with TAFE in $260M Deal, Secures Clean Slate and Brand Autonomy
AGCO Corporation (NYSE:AGCO) is one of the best agriculture stocks to buy now. On July 1, 2025, AGCO reached a long-awaited settlement with Tractors and Farm Equipment Limited (TAFE), ending a protracted commercial and legal dispute that had stretched for over a year. As part of the agreement, TAFE repurchased AGCO's 20.7% stake in the company for $260 million. In return, TAFE secured exclusive rights to the Massey Ferguson brand in India, Nepal, and Bhutan, untangling a complex web of joint ownership and brand licensing issues that had fueled tension between the two companies. The deal also wiped the slate clean on all existing contracts and lawsuits between the parties. Both companies agreed to unwind their previous arrangements and step away from each other's boards, effectively ending their governance entanglement. TAFE will retain a passive 16.3% stake in AGCO but is restricted from increasing that position and is required to vote in alignment with AGCO's board on most matters. The agreement includes non-disparagement terms, sealing the truce. This is a strategic reset for AGCO, which gives it clean separation from a tangled partnership in one of its largest potential markets. AGCO Corp (NYSE:AGCO) is a U.S.-based manufacturer of agricultural equipment and precision farming technology, with global brands like Massey Ferguson, Fendt, Valtra, and PTx. While we acknowledge the potential of AGCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
05-08-2025
- Business
- Yahoo
AGCO (AGCO) Declares $0.29 Quarterly Dividend for September 2025
AGCO Corporation (NYSE:AGCO) is one of the best farmland and agriculture stocks to buy according to billionaires. On July 10, the company declared a quarterly dividend of $0.29 per share of common stock. The dividend is payable on September 15, 2025, to shareholders of record as of August 15, 2025. Vlad Teodor/ AGCO has consistently paid a quarterly dividend of $0.29 per share in recent quarters, including payments on June 16, 2025 (ex-dividend date May 15, 2025), and March 14, 2025 (ex-dividend date February 14, 2025). Except for this recent plateau, the company has increased its dividends for 13 consecutive years, with an average dividend growth rate of 13.19% over the past 36 months, 12.63% over the past 60 months, and 9.93% over the past 120 months. On April 25, 2024, AGCO declared a special variable dividend of $2.50 per share, paid on May 20, 2024. This payment was in addition to the regular quarterly dividend. AGCO Corporation (NYSE:AGCO) is a global manufacturer and distributor of agricultural machinery and precision agriculture technology. Through brands like Fendt, Massey Ferguson, Valtra, and PTx, AGCO provides tractors, combines, grain storage systems, and smart farming solutions that support large-scale crop production. While we acknowledge the potential of AGCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Penny Stocks That Will Skyrocket. Disclosure: None. This article is originally published at Insider Monkey.
News18
04-08-2025
- Business
- News18
'AGCO, TAFE Reach Settlement After Close Collaboration With Sudarshan Venu': AGCO CEO
Last Updated: 'This outcome was made possible with close collaboration with Sudarshan Venu, son of TAFE's chairman and MD,' says AGCO CEO Eric P Hansotia during Q2 2025 earnings call. AGCO Corporation Chairman and CEO Eric P Hansotia has acknowledged the key role played by TVS Motor Company Chairman Sudarshan Venu in reaching a comprehensive resolution with Chennai-based tractor manufacturer TAFE (Tractors and Farm Equipment Limited), bringing an end to a long-running dispute over shareholding and brand rights. Speaking during AGCO's Q2 2024 earnings call, Hansotia confirmed that the US-based agriculture machinery giant had finalised an agreement with TAFE, under which AGCO will exit its 20.7 per cent shareholding in TAFE for a consideration of $260 million. The move makes TAFE a fully owned subsidiary of the Chennai-based Amalgamations Group, a diversified industrial conglomerate. 'Turning to a couple of AGCO-specific items, we recently announced the resolution with TAFE on all outstanding commercial, governance and shareholding matters. This outcome was made possible with close collaboration with Sudarshan Venu, son of TAFE's chairman and managing director," Hansotia said during the Q2 2025 earnings call on July 31, 2025. The company follows January-December fiscal year. The agreement also grants TAFE sole and exclusive ownership of the Massey Ferguson brand in India, Nepal, and Bhutan. As per a statement released by TAFE in July, the settlement includes full rights, title, and interest in the Massey Ferguson brand and associated trademarks, along with all goodwill linked to them. This marks the end of a long-standing partnership between the two agricultural equipment giants, which had begun to show signs of strain in late 2024. The dispute came to a head in September when AGCO announced it was terminating its agreements with TAFE, including the licensing of the Massey Ferguson brand. TAFE responded by filing a contempt petition, alleging that AGCO's actions violated earlier court directives and were executed without proper legal notice. The resolution now paves the way for both companies to pursue independent strategies in the Indian subcontinent, one of the world's largest tractor markets. For TAFE, the settlement secures full control over one of its flagship brands in key geographies and allows it to move forward with brand and product development without external restrictions. For AGCO, the divestment aligns with its global portfolio strategy and eliminates governance complexities stemming from minority shareholding in a former joint venture. The agreement is also being viewed as a reflection of Sudarshan Venu's growing influence in resolving high-stakes corporate matters. While he currently leads TVS Motor, a separate entity from TAFE, his involvement in the settlement underscores the close familial and corporate ties within the broader business group and highlights his role in facilitating constructive dialogue between the parties. With the dispute now resolved, both companies are expected to focus on growth and innovation in a rapidly evolving global agri-machinery market. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
