Jackson, MN (KICD) — The Chief Executive Officer at AGCO says the company had record sales for the final quarter of 2022, and record sales and profits for the year as a whole.

Eric Hansotia said 4th Quarter net sales were 823.7 million dollars in North America, up 22.1 percent from last year. Worldwide sales were 3.9 billion dollars, up 23.6 percent.

And for the year sales were 12.7 billion dollars, a 13.6 percent increase.  Hansotia says the company remains focused on three, profitable, growth areas: Precision Agriculture, parts and service, and growing the premium Fendt brand.

All sprayers, track tractors and the chasis (chass-eze) for track combines are assembled at AGCO’s Jackson facility. Brands include Fendt, Massey Ferguson, Challenger, and Terra Gator.