National & World Ag News Headlines AGCO Making Plans to Expand Minnesota Plant USAgNet - 05/10/2012 Officials with Federated Rural Electric, of Jackson, Minn., and USDA Rural Development on Monday presented AGCO with a $740,000 no-interest loan for up to 10 years. The loan will be directly applied to a major expansion project nearing completion on the AGCO Jackson campus. According to Agri-Pulse, the firm plans to add about 75,000 square feet of production space and a state-of-the-art showroom, all tied to the company's new manufacturing lines, the 8600 and 6400 series of Massey Ferguson wheel tractors, and increased production of the Challenger MT600C series and select models of the MT500 and 7400 series of track tractors. AGCO is now producing 50 tractors per month with a goal of 2,500 tractors per year. The workforce at the facility has increased from 850 to 1,100 workers with about 40 positions currently open. Send this article to a friend Other National Headlines Stricter Country-of-Origin Labels on Meat Imposed Senate Farm Bill Floor Consideration Begins House Ag Holds First Hearing in Process of CFTC Reauthorization Global Seed Treatment Market to Reach $4.45 Billion by 2018 Monsanto Launches Online Insect Forecasting Tool Johanns Offers, Cosponsors Amendments to Improve Farm Bill Wisconsin Raw Milk Trial to Continue into Next Week Copyright © 2013 - USAgNet.com. All Rights Reserved.