AGCO Capital Argentina S.A.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Investment Operations Department Contact
USD $ 10,000,000
Project scope and objective
In order to boost their business in the agricultural sector, AGCO Corporation and Rabobank, through Rabobank affiliate De Lage Landen, have partnered in several countries and formed companies that provide financing to buyers of agricultural equipment. Worldwide, the joint venture is called AGCO Finance.
AGCO Corporation, a U.S. corporation with assets of nearly US$4.9 billion, is a leading manufacturer and distributor of agricultural equipment. Its products are sold under the Challenger, Fendt, Massey Ferguson, and Valtra brands. AGCO Corporation operates in more than 140 countries with a network of more than 2,800 dealers who, in addition to selling and servicing the machinery, provide farmers with tailored financing.
De Lage Landen was founded in 1969 as a leasing company based in the Netherlands. It has become a global provider of leasing, business, and consumer finance solutions, including vendor finance and factoring. It is present in more than 35 countries in Europe, North America, South America, Australia, and Asia, and has 5,000 employees.
AGCO Capital Argentina S.A. provides financing in the form of pledge loans to individuals and small and medium-size companies in Argentina, chiefly for the purchase of agricultural equipment. Most of the financing is dollar-denominated; to be eligible, the farmers must produce commodities such as corn, wheat, sunflower seeds, and soybeans. AGCO Capital Argentina S.A. has a financing agreement with AGCO Argentina’s nationwide network of 150 dealers.
The proceeds of the IIC loan to AGCO Capital Argentina S.A. will be used to provide financing to small and medium-size enterprises in Argentina by granting loans secured by pledges on equipment pursuant to eligibility requirements to be established by the IIC.
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