AGCO Supports Agricultural Mechanization in Africa
DULUTH, Ga. - Tuesday, January 22nd 2013 [ME NewsWire]
(BUSINESS WIRE)-- AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, today held the 2nd annual AGCO Africa Summit in Berlin. The Summit is a joint initiative of AGCO, Bayer CropScience, DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH and Rabobank. "Africa’s population is set to rise to two billion by 2050,” said Martin Richenhagen, AGCO Chairman, President and CEO. "But food security in Africa is by no means where it needs to be to face this challenge. It is a global responsibility to develop agriculture in Africa to meet the growing demand for food security and better nutrition.”
The AGCO Africa Summit highlighted the needs of the African continent and discussed the challenges of today’s agriculture with regard to the world food supply problem, declining arable land base and rapid pop
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