AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, today launched a 150 hectare (371 acre) farm and learning center near Lusaka, Zambia. “Africa has tremendous growth potential in the agricultural equipment sector and our mission is to provide agricultural solutions for the continent’s farmers,” said Hubertus Muehlhaeuser, Senior Vice President, General Manager, Europe, Africa & Middle East. “AGCO is committed to growing its presence within Africa by investing in distribution infrastructure and new training sites – like the one planned for Zambia. We have committed to invest US $100 million in Africa in the coming years.”
Nuradin Osman, AGCO’s Director Africa & Middle East said: “The AGCO Global Learning Centre will help empower farmers in Africa to improve their food production levels.” As Africa’s population is set to rise to two billion by 2050, the need for mechanization, training, service and support for small and medium scale farmers has never been greater. “Small to medium scale farmers with limited access to modern farming will benefit from training courses ranging from basic agronomy to general mechanization. Large scale farmers will be offered training on high specification tractors and harvesting equipment, including precision farming technology.” Also, given the importance of minimizing post-harvest loses, visitors to the center will see the latest in grain handling and storage techniques from AGCO’s GSI product range.
Zambia’s population is estimated at 13 million with the majority being in rural areas where the main economic activity is agriculture. Osman noted, “The centrality of Zambia’s location and sound investment policies will make this institution well positioned to effectively serve the local farmers and the rest of the surrounding region.”
“Zambia can increase food production by improving access to finance, up-scaling farm mechanization and the training of small and medium scale farmers. Construction of the Learning Centre is expected to be completed by mid 2013.” The facilities will include a range of classrooms as well as a number of troubleshooting and service areas, all well equipped with the latest technology. The service areas will be large enough to accommodate combines, tracked and wheeled tractors.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV