AG GROWTH INTERNATIONAL NEWS PORTABLE
In North America, AGI's Farm segment trade sales grew 9% year-over-year with notably strong demand for portable farm equipment. "A rebound in commercial activity, high planting expectations globally, strong crop prices and steel dynamics are also contributing to the strong environment," Close concluded.
"A variety of factors are contributing to this growth with the majority of the momentum coming from market share growth and solid performance in many of our key regions, including Brazil, India, EMEA, the U.S., and our NA Farm segment. “Momentum was robust across AGI as we came into 2021 and has accelerated since the beginning of the year with, as of today’s date (March 16), consolidated backlogs now up approximately 40% over this time last year. “We are pleased with the relatively strong performance of AGI in Q given the difficult environment and the impact on our markets from COVID-19,” Close said. Tim Close, President and CEO of AGI, pointed to resilient results in the fourth quarter and the company's 5-6-7 diversification strategy in meeting challenges created by the COVID-19 pandemic.
(AGI), on Tuesday announced its financial results for the three-months and year ended December 31, 2020. Winnipeg, MB - Ag Growth International Inc.
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