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Continued Slump In Commodity Prices Hurting Farm Spending

Shares of AGCO (AGCO - Get Report) are up 6% thus far in 2016 despite a continued slump in commodity prices and increasingly pessimistic farmers. AGCO CEO Martin Richenhagen said the resilience of the agricultural equipment maker is a testament to the company's ability to plan ahead.

"We are being rewarded a little for very quickly and efficiently addressing the cyclicality of our business and the recent downturn," said Richenhagen. "We did our homework early and that proved we manage the company pretty well which helped us."

Richenhagen said farmer incomes are generally more solid than one might think considering the commodity price slump...


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