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	<title>Stock Blog Hub &#187; AG</title>
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		<title>(AG) Trouble for Farm Equipment Makers</title>
		<link>http://www.stockbloghub.com/2009/09/01/ag-trouble-for-farm-equipment-makers/14103</link>
		<comments>http://www.stockbloghub.com/2009/09/01/ag-trouble-for-farm-equipment-makers/14103#comments</comments>
		<pubDate>Tue, 01 Sep 2009 21:19:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Farm & Construction Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[AG]]></category>
		<category><![CDATA[AGCO Corp.]]></category>
		<category><![CDATA[Lindsay Corporation]]></category>
		<category><![CDATA[LNN]]></category>

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		<description><![CDATA[Last week, the U.S. Department of Agriculture updated its 2009 outlook for net farm income. The department forecasts a 38% decline in net farm income to $54 billion in 2009 from an estimated $87.2 billion last year. This is lower than the last 10 year average farm income of $63.2 billion. Companies like AGCO Corp. (AG) and Lindsay Corp. (LNN) depend primarily on farm income for their sales. AGCO, which manufactures and distributes agricultural equipment and related replacement parts acknowledges that the 2009 outlook for the farm equipment machinery is extremely uncertain. The company expects full-year revenues of $6.5 to $6.8 billion, compared to $8.4 billion in 2008. Lindsay designs and manufactures self-propelled center pivot and lateral move irrigation systems principally for the agricultural industry to increase or stabilize crop ]]></description>
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		<title>(AG) &#8211; AGCO Corporation &#8211; blew by Wall Street estimates by 39.58%</title>
		<link>http://www.stockbloghub.com/2008/08/07/ag-agco-corporation-blew-by-wall-street-estimates-by-3958/303</link>
		<comments>http://www.stockbloghub.com/2008/08/07/ag-agco-corporation-blew-by-wall-street-estimates-by-3958/303#comments</comments>
		<pubDate>Thu, 07 Aug 2008 19:40:03 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Farm & Construction Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[AG]]></category>
		<category><![CDATA[ROE]]></category>

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		<description><![CDATA[AGCO posted a record second quarter as the market for its tractors and combines remained hot worldwide. The company has surprised on earnings for 4 consecutive quarters by an astounding average of 64.61%. This last quarter was no exception, as AGCO blew by Wall Street estimates by 39.58%. AGCO has a forward P/E of 13.00.Company Description AGCO Corporation (AG) manufactures and distributes agricultural equipment to customers in 140 countries around the world. Headquartered in Duluth, GA, AGCO&#8217;s product line includes tractors, combines, hay tools, sprayers, forage, tillage equipment and implements. Customer service is provided through 3,200 full service dealers worldwide. The company, a Zacks #1 Rank (Strong Buy), has 4 well-known brands: Massey Ferguson, Valtra, Challenger and Fendt. Massey Ferguson tractors have been produced for more than 160 years. AGCO ]]></description>
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