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Monster machines fan out on U.S. farms facing slow sow

SHERIDAN, Illinois (Reuters) - With the U.S. spring planting season off to a historically slow start, an increasing number of farmers are counting on powerful tools to catch up: Monster machines that sow 36 rows of corn at once and feature high-tech innovations like computer-guided directional equipment.The technological wizardry from companies like Deere & Co and AGCO Corp is pitted in a frantic race against time, with farmers scrambling to get seeds in the ground because a slow start depresses yields and reduces the size of their harvest. Delayed planting in turn can raise prices for food processors, livestock feeders, and ethanol producers, leading to eventual increases in food and fuel costs nationwide.Grain traders and analysts so far have shrugged off the sluggish planting pace due to soggy soils, partly because they believe the big machines can sow crop quickly.While the giant planters can put seed in the ground at record speeds, the paradox of the modern farm economy is this: t...

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  11. AGCO CEO on Acquisitions, Dividend

    AGCO CEO Martin Richenhagen on the company’s acquisitions and the potential for the company to pay out a dividend.

  12. Agco 4Q Profit More Than Triples; S America Outlook Cut

    Agco Corp.'s (AGCO) fourth-quarter earnings more than tripled, but the farm-machinery manufacturer lowered its industry outlook for South America where Agco is the s...

  1. Drought Dries Up AGCO ’s Forecast in U.S.

    Martin Richenhagen, AGCO CEO, on how the weather impacts the company’s business, and the potential for a drought again in 2013.

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    Carson Wealth Management CEO Ron Carson on how investors can profit from companies that support the agriculture industry.

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