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AGCO 4th quarter earnings up

Global farm equipment maker AGCO reports a 7.4% increase in net sales in the fourth quarter of 2012 compared with the same quarter in 2011.

Net sales by AGCO for the 2012 year were 10-Billion dollars, up more than 13-and-a-half percent from 2011.

North American tractor sales were up 10% from 2011 and combine sales were up 5% in Western Europe.

AGCO brands are Massey Ferguson, Challenger, Fendt, GSI and Valtra.