AGCO and TAFE conclude commercial partnership with $260m share buyback
AGCO Corp has agreed with TAFE to resolve all outstanding disputes and matters related to their commercial relationship.
With the new year comes a new range from the Massey Ferguson Camp – the 7700 series that will take the place of the award winning 7600 series.
With nine models with maximum power 140-255hp the range should have a broad appeal, particularly in a market segment that amounts to 21% of the total. Notably, the engine power management (EPM) system, offered on all models, gives another 25hp boost, pushing outputs to a range 165-280hp.
Six-cylinder AGCO Power engines of 6.6 or 7.4L use a third generation Ad-Blue system to meet Tier 4 Final emission regulations, doing away with the need for any diesel particulate filters (DPF). A choice of transmissions sees the well sorted Dyna-4, Dyn-6 or Dyna-VT options offering 16F/16R, 24F/24R or a continuously variable set-up with a maximum speed of 50km/h.
Upgrades over the outgoing series sees an increase in permissible gross vehicle weights by around 12%, the largest models capable of operating at 14 tonnes, thereby increasing their load capacity, and the rear linkage can now carry up to 9950kg, proving it the boss of any job that comes to hand.
Hydraulics have closed centre load sensing throughout the range, offering flow on demand and outputs of 110, 150 or 190L/min, dependant on model.
The operator centre gets a spruce up with new dashboard displays and the choice of Essential (base) or Efficient (mid-range) specification. Options such as auto-beacon activation, auto air-conditioning, electric de-icing and a host of communication and audio choices mean the tractors can be customised to meet operator requirements.
The cabin can be equipped with either a standard or the new active mechanical suspension systems, the latter allowing more automation and allowing the operator to tweak settings for the best ride to suit conditions or differing terrain.
At the front end of the machine, as well as the option of an integrated front link system with a lift capacity of 4000kg, the tractors have an all-new in house-designed and manufactured front axle suspension system, said to give a smoother ride, but probably more importantly it is completely maintenance-free.
The tractors can be specified with the optional SpeedSteer system that reduces the number of turns required at the steering wheel to go from lock to lock and should prove useful for loader work or repetitive headland turns. The system automatically disengages at speeds above 18km/h.
And finally, surely a first for tractor manufacturers: the option of a unique key, rather than the traditional one key fitting the whole range; at the end of the day you can lock up your pride and joy securely.
Meat co-operative, Alliance has met with a group of farmer shareholders, who oppose the sale of a controlling stake in the co-op to Irish company Dawn Meats.
Rollovers of quad bikes or ATVs towing calf milk trailers have typically prompted a Safety Alert from Safer Farms, the industry-led organisation dedicated to fostering a safer farming culture across New Zealand.
The Government has announced it has invested $8 million in lower methane dairy genetics research.
A group of Kiwi farmers are urging Alliance farmer-shareholders to vote against a deal that would see the red meat co-operative sell approximately $270 million in shares to Ireland's Dawn Meats.
In a few hundred words it's impossible to adequately describe the outstanding contribution that James Brendan Bolger made to New Zealand since he first entered politics in 1972.
Dawn Meats is set to increase its proposed investment in Alliance Group by up to $25 million following stronger than forecast year-end results by Alliance.
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