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AGCO, the third largest farm machinery manufacturer in the world, is giving themselves a leg up in the agriculture sector with their purchase of Assumption, Illinois-based GSI Holdings.  Greg Peterson, AGCO's Director of Investor Relations, says there were a lot of reasons for the move.

[audio:rddAGCO1.mp3]A Word From Peterson[/audio]

Peterson adds GSI is a top-notch company.

[audio:rddAGCO2.mp3]A Word From Peterson[/audio]

The buyout will give AGCO a better presence in the grain storage and protein processing markets.  Peterson says there are no immediate plans to make employment or business model changes at GSI. 

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